When did Uganda start to privatize its companies?

Uganda began the process of privatizing its companies in the late 1980s and early 1990s. This was part of a wider economic reform program that was supported by international financial institutions such as the World Bank and the International Monetary Fund. The aim of the privatization was to improve efficiency and productivity in the economy, which had been severely affected by years of political instability and mismanagement. The process involved selling state-owned enterprises to private investors, both local and foreign.