Privatization in Africa

The state-owned enterprise has become synonymous with governance in Africa. However performance of these enterprises and national economies as a whole has been extremely disappointing. As African governments become more hard pressed to fund national budgets, privatization has gathered momentum as the solution to effect economic adjustment and mobilize sorely needed investment capital. Drum focuses on the privatization programs of Nigeria, Senegal and Togo in his attempt to determine what works and what does not.