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.
Go to video
Two dead, 22 rescued after migrant boat capsizes in rough seas near Greek Island
01:28
Putin says BRICS countries will drive economic growth in coming years
01:20
Mpox: Head of Africa CDC urges partners to honour pledges as death toll tops 1,000
Go to video
Zimbabwe to compensate white farmers 20 years after land seizures
Go to video
US warns nationals to reconsider travel to Marburg-hit Rwanda
01:27
AU-UN seek to strengthen cooperation