The Morning Call
Shortly after independence, African States created state owned enterprises to boost the development and growth of the new states.
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.
01:04
Burkina Faso waives entry visa fees for all African nationals
11:07
Africa’s youth, tech, and green innovators reshape the continent’s business future
00:02
Africa under cyber attack: who's really safe online?
01:00
In African villages, water collection remains a lifelong burden
00:40
Africa boosts solar power with 60% surge in Chinese panel imports
01:11
Africa launches Cholera response plan as Sudan faces deadly surge