Enhancing the operation of public enterprises is essential to address corruption and improve efficiency. Like China, African countries should encourage the adoption of a zero tolerance policy against corruption by instituting severe punishment to penalize and control/eliminate corruption.
Near vacuum in the senior management over the next few years, lack of expertise in critical areas like IT, risk management, credit appraisal and treasury operations, absence of succession planning for middle and senior management positions, attracting, retaining and nurturing fresh talent, ad hoc responses to capacity building and poor performance management system are some of the major HR challenges staring the PSBs.