|
|
Article: Privatisation succeeds. (Zambia).(Brief Article)
- Article from:
- African Business
- Article date:
- January 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
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 46 and has pumped in massive investment over the last three years, improving efficiency in the ...