Saturday, August 27, 2005

Corruption in Africa: Western Banks Share Blame for Africa's Poverty

Dear Readers: I have been arguing on the side of the fact that we cannot continue to do business in Africa the way we have been doing over the last 40 years. This article on allafrica.com crystallizes the reason why more than anything else that I can write. It is a well written article full of facts and figures that will substantiate what I have been saying so far. It names names, gives dates and amounts of money mis-apropriated by the so called leaders of African countries. It also lays the blame on the door steps of western donors and governments, that look the other way when crimes are committed by their partners in African countries while at the same time their banks are benefiting form the inflow of capital that has been illegally, criminally being taken from the mouths of the poor in their countries.

Please read on by clicking the link above and suffer the concequesnces, more frustration, more headaches and more sleepless nights.

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