Privatization of Public Enterprises in Zambia: An Evaluation of the Policies, Procedures and Experiences

Privatization of Public Enterprises in Zambia: An Evaluation of the Policies, Procedures and Experiences

Published Jan 1998

Authors

C Fundanga, A. Mwaba

Publisher

Focus regions

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Zambia was one of the earlier countries to embark on a major privatization exercise as part of its economic reform program started in 1992. Although progress was initially slow, mainly due to the inertia associated with start up activities and generally opposition from interested parties, the program picked up momentum in the last two years, culminating in the rapid divestiture of public enterprises that many have compared only to privatization programs in eastern Europe. This paper reviews the privatization program in Zambia, highlighting the major tools and mechanisms employed, and the achievements and constraints faced by the authorities in privatizing one of the largest public sectors in Africa. The paper begins with a brief overview of the main economic issues surrounding moves towards privatization of public enterprises. [author]

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