Craig, John (2002) Privatisation and indigenous ownership: evidence from Africa. Working Paper. Centre on Regulation and Competition, Institute for Development Policy and Management, University of Manchester, Manchester, UK.

Over the last two decades, privatisation has become commonplace across Africa. According
to World Bank (2001: 259) data, by the end of 1999 3,529 privatisation transactions had
occurred across Africa with a total value of nearly US $8 billion, and, while some
governments are more active than others, in only ten of the fifty-three African countries had
no privatisation activity been recorded. The doubts prevalent in the early and mid-1990s, that
African governments would deliver on their commitments to privatise enterprises have
receded, and attention has increasingly focused on the terms on which enterprises have
entered the private sector.

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