Africa should review liberalization policy – Oulanya

The deputy speaker of parliament Jacob Oulanya says it’s high time the African continent reviewed the privatization system arguing that it has not served its intended purpose.

The Privatization of state enterprises was among the 10 principles contained in the Washington Consensus to set up free market economic ideas

It was supported by the European Union, US, IMF and World Bank but has of recent come under scrutiny by several pundits.

Speaking during a high level meeting on harnessing youth leadership and Africa’s potential in Kampala last week, Oulanya noted that as a result of this consensus many African countries cannot regulate their economies and has failed growth of these economies.

He says states should at least have some enterprises in which it has full control hence the need to have it reviewed.

06 August 2018

Story by

Wycliffe Sebunya

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