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.
Table of Contents
1 Introduction
1.1 Background
1.2 Statement of the Problem
1.3 Focus of the Study
1.4 Methodology of the Study
2 Review of Literature
2.1 Private Sector Involvement
2.2 Conceptual definition of Privatisation and PPPs
2.3 Privatization Interpretation
2.3.1 Public Private Partnerships (PPPs) interpretation
2.4 Modes of Privatization
2.4.1 Acquisition by Pre-emptive Rights
2.4.2 Public Offering of Shares
2.4.3 Management Buy Out (MBO)
2.5 PPP Options
2.5.1 Service Contract
2.5.2 Management Contract
2.5.3 Lease Management Contract
2.5.4 Build-Operation- Transfer (BOT)
3 Practicality of Privatization and PPPs in Zambia –Study Findings
3.1 Advent of Privatization in Zambia
3.2 Privatization Outcome in Zambia
3.2.1 Privatization Status - SOEs Portfolio
3.2.2 Mining Sector Privatization
3.3 Pros and Cons of Privatization
3.4 Government’s Quest for PPPs
3.4.1 Zambia‘s PPP Legal and Institutional Framework
3.4.2 PPP Project Implementation
4 Concessioning of Border Infrastructure
4.1 Kasumbalesa Border Post Project - Case Study
4.1.1 Study Observation and Comments on Kasumbalesa Border Project
4.1.2 Implications of the termination of Kasumbalesa Border Project Concession
4.1.3 Options for Government
4.2 Challenges
5 Conclusion
Abbreviations and Acronyms
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