African haven for emerging market funds

Article Abstract:

Countries in Sub-Saharan Africa are looking to speed up their privatization programmes as they come under pressure from international donor agencies and internal pressure to boost efficiency. In Cameroon, there are plans for privatization in the insurance and telecommunications sectors, while in Kenya the government plans to sell a 49% stake in Kenya Reinsurance in Oct 1998. In Nigeria, military leader General Abdulsalami Abubakar has emphasized that privatization is a priority.

Economic policy, Africa

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Coming in from the cold

Article Abstract:

Governments in the Nordic region have raised more than $21 billion from asset sales in the period since the late 1980s. In 1998, the most significant deals were the $1.39 billion offering from Finnish telecommunications concern Sonera and Norway's public offer of 16% of Christiana Bank. Those interested in privatization opportunities in the Nordic region have been looking particularly at the oil and gas sector, which is clearly in urgent need of private management.

Scandinavia

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