Privatisation succeeds. (Zambia).(Brief Article)

African Business | January 1, 2002| | Copyright

The privatisation programme in Zambia has been a resounding success. Zambia Privatisation Agency (ZPA) public relations officer Jane Shamwana said in an interview with African Business that approximately $93m plus has been raised from the sale of parastatals also known as State Owned Enterprises (SOEs). $150m in liabilities have been assumed by the purchasers.

A few illustrative examples of success scored in the ambitious programme include: Foodcorp (formerly Zambia Horticultural Products), which has since privatisation increased its labour force by 50% from 23 to ...

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