Intricacies of Privatization and the Quest for Public Private Partnerships in Zambia

Research Paper (undergraduate) from the year 2012 in the subject Politics - Region: Africa, grade: A, ( Atlantic International University ) (School of Business and Economics), course: Privatization and Public Private Partnerships, language: English, abstract: The paper focuses on the general assessment of the effectiveness of the Zambia's privatization policy in the period of its practical implementation and the eventual adoption of the Public Private Partnership (PPP) initiative. The paper hinges much on the analysis of possible successes and failures of privatization in Zambian and the political and economic implications of the PPP maladministration for political expedience. The paper proves the existence of a lot of challenges in the implementation of Privatization and PPPs in Zambia such as the lack of oversight on the operations of the privatized institutions especially those acquired through direct foreign direct investments, the lack of proper regulatory framework on privatization, post privatization reviews and efficient utilization of the privatization proceeds proved major challenges in the process. On PPPs, challenges bordered on the lack of institutional capacity and standardized guidelines on PPPs making it difficult to ascertain the appropriateness of PPPs.