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Article: Wave of support for concessions: while the debate between state ownership of key enterprises and wholesale privatisation rages across the continent, a very workable compromise seems to have been found by the ports and harbours sector. Neil Ford has the details.(Ports and Harbours)(Discussion)
- Article from:
- African Business
- Article date:
- June 1, 2008
- Author:
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Discussion of economic development on the African continent has long focused on the debate over public versus private ownership and management. Companies and important infrastructure can be operated by state owned operations for the benefit of the people but are generally relatively inefficient and poorly funded.
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On the other hand, private sector enterprise takes profits out of the host country, despite its better access to finance and more modern management methods.
The port sector has been the scene of particularly intense conflict between these two approaches but there are signs that private sector companies may ...