No image available
/ 20 October 2004

Cotton firm’s tortuous path to privatisation

The privatisation of state-owned enterprises is often fraught with difficulties — witness developments at Benin’s National Society for Agricultural Advancement (Sonapra), a cotton-processing firm. Privatisation of the debt-ridden Sonapra began over a year ago in June 2003, but has stalled several times — prompting unions and the media to allege that corruption has taken root in the process.