The objectives of privatization policy in African countries and in all developing and developed countries should not include the attraction of foreign direct investments.
Governments must build all sorts of services; businesses; and industries not to keep them under their control or management but rather to sell them to the public in shares. This way private ownership can be served.
Governments should own no business simply because they own no wealth. It is the people who should own the national wealth and every thing including the government itself. But governments and private foreign companies must create all sorts of businesses and transfer their ownership to the citizens.
This is more national and the correct interpretation of privatization. Selling big businesses to foreign investors is not privatization but it is in most cases treason and exploitation.