This review is designed to assist thedevelopment community and policy makers in other countrieswho may be contemplating railway privatization. The reportis principally concerned with the results of privatizationrather than the processes or detailed concession structures,which have varied from country to country depending ondiverse local circumstances. This report is concerned withthe results of the African concessions. The report containsthree main sections: (i) A summary of the background torailway development in sub-Saharan Africa to the start ofthe 1990's, together with a list of the railwayprivatizations and concessions undertaken over the last 10years and a brief description of the main concessionaires;(ii) A more detailed presentation of the thirteenconcessions, particularly the three which have beenoperating the longest ; (iii) An assessment of the overallresults of railway privatization/concessioning.