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Home » Archives » October 2005 » Private Investment makes Africa poor

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10/03/2005:

"Private Investment makes Africa poor"

PRIVATE INVESTMENT: MAKES AFRICA POOR
Anyone remember the pronouncements by Blair and Brown, Bono and Sir Bob, earlier this year about saving Africa? The white knights riding to the rescue were specifically named as the forces of private enterprise, as part of a package of measures that included fine-sounding phrases about aid, trade and 'better governance'. It is only weeks later, yet this September those illusions seem so shallow -- with little aid, no real debt 'relief', and many NGOs roundly condemning the G8/Live8 deals as enforcing further economic restructuring on poor countries.

HUD chief foresees a 'whiter' Big Easy
A Bush Cabinet officer predicted this week that New Orleans likely will never again be a majority black city, and several black officials are outraged.

Disease 'caused by food aid'
Zimbabwean President Robert Mugabe said food aid "dumped" by developed nations had undermined food safety on the African continent, state radio reported on Monday.

Darfur crisis has negative impact on peace in the South
The escalation of war in the Darfur region reflects negatively on the partial and quasi comprehensive peace in the Sudan.

Mauritius Battles to Keep Sugar Industry From Turning Sour
Sugar has long been the sweetener in Mauritius' global trade. But now the island faces an unpalatable fight to keep the industry going in light of a recent European Union (EU) proposal to cut sugar prices to African, Caribbean and Pacific (ACP) countries.

Bongo, Africa's longest-serving ruler, wants another seven years
Already Africa's longest-serving leader, Gabon's President Omar Bongo has vowed to stand for another seven-year term in presidential elections due to be held before the end of year.

China Scraps Africa's Debt
Debts that Rwanda and other poor African countries owed to China before 2004 will be cancelled to enhance the continent's development, the Chinese Ambassador to Rwanda Qi Deen said. Deen said in an exclusive interview recently that the Chinese government had undertaken on improving its relations with Least Developing Countries (LDCs) including Rwanda

Playwright August Wilson Dies of Cancer
Playwright August Wilson, whose epic 10-play cycle chronicling the black experience in 20th-century America included such landmark dramas as "Fences" and "Ma Rainey's Black Bottom," died Sunday of liver cancer, a family spokeswoman said. He was 60.

Bush Administration Broke Propaganda Rules

Europe embraces Turkey as diplomatic deadlock is broken

More Lies for More War

The Terrorism of Race and Poverty

The Crude Truth about the War in Iraq

Ethnic Cleansing as Economic Policy





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