Review of recent experience in public enterprise reform and privatization in Africa

Abstract

In recent years, public enterprises reform and privatization have again become a topical policy issue in the dialectics of economic recovery, transformation and sustainable socio-economic development of African countries. The general economic malaise in which these countries find themselves and the pervasive dissatisfaction with the social and economic performance of public enterprises (PEs) have encouraged the argument that PEs must be rationalized and made more efficient and cost-effective.