Case Study: Privatization of Kenya Airways in the New Millennium

The 1960s were supposed to be a time of betterment and growth in Sub-Saharan Africa. The area was completing the decolonization process, and governments were creating new state-owned enterprises (SOEs) to lead their respective economies in major industrial, structural, and social improvement. However, these optimistic visions failed to materialize, as most SOEs were poorly run and almost never profitable. By the 1980s, problems stemming from massive state intervention and a lack of market forces led to economic disaster.

Consequently, external pressures have forced these countries to fight against dictatorship and authoritarianism in favor of democracy and privatization.