Shortly after independence, African States created state owned enterprises to boost the development and growth of the new states.
The way forward for state corporations in Africa[Business on The Morning Call]
Today most state corporations are no longer competitive due to poor management which now acts as a speed brake to development.
Apart from providing basic infrastructure, the government invests in these companies with the hope that they will be self-financing and rapidly expand in such a way that they would create employment opportunities for citizens.
In this edition of the Business Segment, Jean David Mihamle takes a look at the reasons for the poor management of state corporations in Africa and the way forward.