Africa is not poor, we are stealing its wealth

Paul Alex

JF-Expert Member
Jul 14, 2012
3,943
2,000
Hii makala nimecopy na kupaste kutoka Aljazeera.


Africa is poor, but we can try to help its people.
It's a simple statement, repeated through a thousand images, newspaper stories and charity appeals each year, so that it takes on the weight of truth. When we read it, we reinforce assumptions and stories about Africa that we've heard throughout our lives. We reconfirm our image of Africa.

Try something different. Africa is rich, but we steal its wealth.

That's the essence of a report ( pdf ) from several campaign groups released today. Based on a set of new figures, it finds that sub-Saharan Africa is a net creditor to the rest of the world to the tune of more than $41bn. Sure, there's money going in: around $161bn a year in the form of loans, remittances (those working outside Africa and sending money back home), and aid.
But there's also $203bn leaving the continent. Some of this is direct, such as $68bn in mainly dodged taxes. Essentially multinational corporations "steal" much of this - legally - by pretending they are really generating their wealth in tax havens. These so-called "illicit financial flows" amount to around 6.1 per cent of the continent's entire gross domestic product (GDP) - or three times what Africa receives in aid.
Then there's the $30bn that these corporations "repatriate" - profits they make in Africa but send back to their home country, or elsewhere, to enjoy their wealth. The City of London is awash with profits extracted from the land and labour of Africa.

There are also more indirect means by which we pull wealth out of Africa. Today's report estimates that $29bn a year is being stolen from Africa in illegal logging, fishing and trade in wildlife. $36bn is owed to Africa as a result of the damage that climate change will cause to their societies and economies as they are unable to use fossil fuels to develop in the way that
Europe did. Our climate crisis was not caused by Africa, but Africans will feel the effect more than most others. Needless to say, the funds are not currently forthcoming.
If African countries are to benefit from foreign investment, they must be allowed to - even helped to - legally regulate that investment and the corporations that often bring it.
In fact, even this assessment is enormously generous, because it assumes that all of the wealth flowing into Africa is benefitting the people of that continent. But loans to governments and the private sector (at more than $50bn) can turn into unpayable and odious debt.

Ghana is losing 30 per cent of its government revenue to debt repayments, paying loans which were often made speculatively, based on high commodity prices, and carrying whopping rates of interest. One particularly odious aluminium smelter in Mozambique , built with loans and aid money, is currently costing the country £21 for every £1 that the Mozambique government received. British aid, which is used to set up private schools and health centres, can undermine the creation of decent public services, which is why such private schools are being closed down in Uganda and Kenya. Of course, some Africans have benefitted from this economy. There are now around 165,000 very rich Africans, with combined holdings of $860bn. But, given the way the economy works, where do these people mainly keep their wealth? In tax havens. A 2014 estimate suggests that rich Africans were holding a massive $500bn in tax havens. Africa's people are effectively robbed of wealth by an economy that enables a tiny minority of Africans to get rich by allowing wealth to flow out of Africa.
So what is the answer? Western governments would like to be seen as generous beneficiaries, doing what they can to "help those unable to help themselves". But the first task is to stop perpetuating the harm they are doing. Governments need to stop forcing African governments to open up their economy to privatisation, and their markets to unfair competition.

If African countries are to benefit from foreign investment, they must be allowed to - even helped to - legally regulate that investment and the corporations that often bring it. And they might want to think about not putting their faith in the extractives sector. With few exceptions, countries with abundant mineral wealth experience poorer democracy, weaker economic growth, and worse development. To prevent tax dodging, governments must stop prevaricating on action to address tax havens. No country should tolerate companies with subsidiaries based in tax havens operating in their country.
Aid is tiny, and the very least it can do, if spent well, is to return some of Africa's looted wealth. We should see it both as a form of reparations and redistribution, just as the tax system allows us to redistribute wealth from the richest to the poorest within individual societies. The same should be expected from the global "society".
To even begin to embark on such an ambitious programme, we must change the way we talk and think about Africa. It's not about making people feel guilty, but correctly diagnosing a problem in order to provide a solution. We are not, currently, "helping" Africa. Africa is rich. Let's stop making it poorer.

Nick Dearden is the director of UK campaigning organisation Global Justice Now. He was previously the director of Jubilee Debt Campaign.
 

Makusudically

JF-Expert Member
Feb 3, 2014
2,203
2,000
Hii makala nimecopy na kupaste kutoka Aljazeera.


Africa is poor, but we can try to help its people.
It's a simple statement, repeated through a thousand images, newspaper stories and charity appeals each year, so that it takes on the weight of truth. When we read it, we reinforce assumptions and stories about Africa that we've heard throughout our lives. We reconfirm our image of Africa.

Try something different. Africa is rich, but we steal its wealth.

That's the essence of a report ( pdf ) from several campaign groups released today. Based on a set of new figures, it finds that sub-Saharan Africa is a net creditor to the rest of the world to the tune of more than $41bn. Sure, there's money going in: around $161bn a year in the form of loans, remittances (those working outside Africa and sending money back home), and aid.
But there's also $203bn leaving the continent. Some of this is direct, such as $68bn in mainly dodged taxes. Essentially multinational corporations "steal" much of this - legally - by pretending they are really generating their wealth in tax havens. These so-called "illicit financial flows" amount to around 6.1 per cent of the continent's entire gross domestic product (GDP) - or three times what Africa receives in aid.
Then there's the $30bn that these corporations "repatriate" - profits they make in Africa but send back to their home country, or elsewhere, to enjoy their wealth. The City of London is awash with profits extracted from the land and labour of Africa.

There are also more indirect means by which we pull wealth out of Africa. Today's report estimates that $29bn a year is being stolen from Africa in illegal logging, fishing and trade in wildlife. $36bn is owed to Africa as a result of the damage that climate change will cause to their societies and economies as they are unable to use fossil fuels to develop in the way that
Europe did. Our climate crisis was not caused by Africa, but Africans will feel the effect more than most others. Needless to say, the funds are not currently forthcoming.
If African countries are to benefit from foreign investment, they must be allowed to - even helped to - legally regulate that investment and the corporations that often bring it.
In fact, even this assessment is enormously generous, because it assumes that all of the wealth flowing into Africa is benefitting the people of that continent. But loans to governments and the private sector (at more than $50bn) can turn into unpayable and odious debt.

Ghana is losing 30 per cent of its government revenue to debt repayments, paying loans which were often made speculatively, based on high commodity prices, and carrying whopping rates of interest. One particularly odious aluminium smelter in Mozambique , built with loans and aid money, is currently costing the country £21 for every £1 that the Mozambique government received. British aid, which is used to set up private schools and health centres, can undermine the creation of decent public services, which is why such private schools are being closed down in Uganda and Kenya. Of course, some Africans have benefitted from this economy. There are now around 165,000 very rich Africans, with combined holdings of $860bn. But, given the way the economy works, where do these people mainly keep their wealth? In tax havens. A 2014 estimate suggests that rich Africans were holding a massive $500bn in tax havens. Africa's people are effectively robbed of wealth by an economy that enables a tiny minority of Africans to get rich by allowing wealth to flow out of Africa.
So what is the answer? Western governments would like to be seen as generous beneficiaries, doing what they can to "help those unable to help themselves". But the first task is to stop perpetuating the harm they are doing. Governments need to stop forcing African governments to open up their economy to privatisation, and their markets to unfair competition.

If African countries are to benefit from foreign investment, they must be allowed to - even helped to - legally regulate that investment and the corporations that often bring it. And they might want to think about not putting their faith in the extractives sector. With few exceptions, countries with abundant mineral wealth experience poorer democracy, weaker economic growth, and worse development. To prevent tax dodging, governments must stop prevaricating on action to address tax havens. No country should tolerate companies with subsidiaries based in tax havens operating in their country.
Aid is tiny, and the very least it can do, if spent well, is to return some of Africa's looted wealth. We should see it both as a form of reparations and redistribution, just as the tax system allows us to redistribute wealth from the richest to the poorest within individual societies. The same should be expected from the global "society".
To even begin to embark on such an ambitious programme, we must change the way we talk and think about Africa. It's not about making people feel guilty, but correctly diagnosing a problem in order to provide a solution. We are not, currently, "helping" Africa. Africa is rich. Let's stop making it poorer.

Nick Dearden is the director of UK campaigning organisation Global Justice Now. He was previously the director of Jubilee Debt Campaign.
Sure? !!
 

double R

JF-Expert Member
Oct 6, 2011
2,190
2,000
Wizi endelevu ni kosa la mwizi au la mwenye mali?

Ukweli ni kwamba bado hatujashtuka kwa hiyo wizi utaendelea.
Wajinga ndio waliwao
 

Bonge

JF-Expert Member
Aug 29, 2007
1,026
2,000
Waafrica bwana ...visingizio tuu ...kila kitu kumlaumu mzungu! Ina maana sisi hatuna akili???
 

Paul Alex

JF-Expert Member
Jul 14, 2012
3,943
2,000
Waafrica bwana ...visingizio tuu ...kila kitu kumlaumu mzungu! Ina maana sisi hatuna akili???
Nick Dearden is the director of UK campaigning organisation Global Justice Now. He was previously the director of Jubilee Debt Campaign.

Huyo Nick Dearden ndio mwandishi.
Halafu angalia tu kichwa cha habari utajua mwandishi sio muafrika.
 

Fais12

JF-Expert Member
Jan 31, 2017
285
250
Hii makala nimecopy na kupaste kutoka Aljazeera.


Africa is poor, but we can try to help its people.
It's a simple statement, repeated through a thousand images, newspaper stories and charity appeals each year, so that it takes on the weight of truth. When we read it, we reinforce assumptions and stories about Africa that we've heard throughout our lives. We reconfirm our image of Africa.

Try something different. Africa is rich, but we steal its wealth.

That's the essence of a report ( pdf ) from several campaign groups released today. Based on a set of new figures, it finds that sub-Saharan Africa is a net creditor to the rest of the world to the tune of more than $41bn. Sure, there's money going in: around $161bn a year in the form of loans, remittances (those working outside Africa and sending money back home), and aid.
But there's also $203bn leaving the continent. Some of this is direct, such as $68bn in mainly dodged taxes. Essentially multinational corporations "steal" much of this - legally - by pretending they are really generating their wealth in tax havens. These so-called "illicit financial flows" amount to around 6.1 per cent of the continent's entire gross domestic product (GDP) - or three times what Africa receives in aid.
Then there's the $30bn that these corporations "repatriate" - profits they make in Africa but send back to their home country, or elsewhere, to enjoy their wealth. The City of London is awash with profits extracted from the land and labour of Africa.

There are also more indirect means by which we pull wealth out of Africa. Today's report estimates that $29bn a year is being stolen from Africa in illegal logging, fishing and trade in wildlife. $36bn is owed to Africa as a result of the damage that climate change will cause to their societies and economies as they are unable to use fossil fuels to develop in the way that
Europe did. Our climate crisis was not caused by Africa, but Africans will feel the effect more than most others. Needless to say, the funds are not currently forthcoming.
If African countries are to benefit from foreign investment, they must be allowed to - even helped to - legally regulate that investment and the corporations that often bring it.
In fact, even this assessment is enormously generous, because it assumes that all of the wealth flowing into Africa is benefitting the people of that continent. But loans to governments and the private sector (at more than $50bn) can turn into unpayable and odious debt.

Ghana is losing 30 per cent of its government revenue to debt repayments, paying loans which were often made speculatively, based on high commodity prices, and carrying whopping rates of interest. One particularly odious aluminium smelter in Mozambique , built with loans and aid money, is currently costing the country £21 for every £1 that the Mozambique government received. British aid, which is used to set up private schools and health centres, can undermine the creation of decent public services, which is why such private schools are being closed down in Uganda and Kenya. Of course, some Africans have benefitted from this economy. There are now around 165,000 very rich Africans, with combined holdings of $860bn. But, given the way the economy works, where do these people mainly keep their wealth? In tax havens. A 2014 estimate suggests that rich Africans were holding a massive $500bn in tax havens. Africa's people are effectively robbed of wealth by an economy that enables a tiny minority of Africans to get rich by allowing wealth to flow out of Africa.
So what is the answer? Western governments would like to be seen as generous beneficiaries, doing what they can to "help those unable to help themselves". But the first task is to stop perpetuating the harm they are doing. Governments need to stop forcing African governments to open up their economy to privatisation, and their markets to unfair competition.

If African countries are to benefit from foreign investment, they must be allowed to - even helped to - legally regulate that investment and the corporations that often bring it. And they might want to think about not putting their faith in the extractives sector. With few exceptions, countries with abundant mineral wealth experience poorer democracy, weaker economic growth, and worse development. To prevent tax dodging, governments must stop prevaricating on action to address tax havens. No country should tolerate companies with subsidiaries based in tax havens operating in their country.
Aid is tiny, and the very least it can do, if spent well, is to return some of Africa's looted wealth. We should see it both as a form of reparations and redistribution, just as the tax system allows us to redistribute wealth from the richest to the poorest within individual societies. The same should be expected from the global "society".
To even begin to embark on such an ambitious programme, we must change the way we talk and think about Africa. It's not about making people feel guilty, but correctly diagnosing a problem in order to provide a solution. We are not, currently, "helping" Africa. Africa is rich. Let's stop making it poorer.

Nick Dearden is the director of UK campaigning organisation Global Justice Now. He was previously the director of Jubilee Debt Campaign.
Asante ndugu kwa makala murua kama hiii.
Iko video moja inaonyesha vp nchi tajiri zinatajirika zaidi kwa pesa za nchi maskini, na nchi maskini zinazidi kuwa maskini zaidi.
 

Fais12

JF-Expert Member
Jan 31, 2017
285
250
Waafrica bwana ...visingizio tuu ...kila kitu kumlaumu mzungu! Ina maana sisi hatuna akili???
Ndugu kuna video moja inaonesha kuhusu hili suala nikiipata nitakutumia ili uamini zaidi.
In sha ALLAH.
 

Bonge

JF-Expert Member
Aug 29, 2007
1,026
2,000
Ndugu kuna video moja inaonesha kuhusu hili suala nikiipata nitakutumia ili uamini zaidi.
In sha ALLAH.
Tunapakwa mafuta kwa mgongo wa chupa tuu. Tatizo ni sisi wenyewe waafrica na ubinafsi wetu. Wanaowaleta na kuwasainisha mikataba na kuwalinda ni waafrica wenzetu tena wasomi wazuri tuu.
 

areafiftyone

JF-Expert Member
Jan 4, 2017
7,239
2,000
Hii makala nimecopy na kupaste kutoka Aljazeera.


Africa is poor, but we can try to help its people.
It's a simple statement, repeated through a thousand images, newspaper stories and charity appeals each year, so that it takes on the weight of truth. When we read it, we reinforce assumptions and stories about Africa that we've heard throughout our lives. We reconfirm our image of Africa.

Try something different. Africa is rich, but we steal its wealth.

That's the essence of a report ( pdf ) from several campaign groups released today. Based on a set of new figures, it finds that sub-Saharan Africa is a net creditor to the rest of the world to the tune of more than $41bn. Sure, there's money going in: around $161bn a year in the form of loans, remittances (those working outside Africa and sending money back home), and aid.
But there's also $203bn leaving the continent. Some of this is direct, such as $68bn in mainly dodged taxes. Essentially multinational corporations "steal" much of this - legally - by pretending they are really generating their wealth in tax havens. These so-called "illicit financial flows" amount to around 6.1 per cent of the continent's entire gross domestic product (GDP) - or three times what Africa receives in aid.
Then there's the $30bn that these corporations "repatriate" - profits they make in Africa but send back to their home country, or elsewhere, to enjoy their wealth. The City of London is awash with profits extracted from the land and labour of Africa.

There are also more indirect means by which we pull wealth out of Africa. Today's report estimates that $29bn a year is being stolen from Africa in illegal logging, fishing and trade in wildlife. $36bn is owed to Africa as a result of the damage that climate change will cause to their societies and economies as they are unable to use fossil fuels to develop in the way that
Europe did. Our climate crisis was not caused by Africa, but Africans will feel the effect more than most others. Needless to say, the funds are not currently forthcoming.
If African countries are to benefit from foreign investment, they must be allowed to - even helped to - legally regulate that investment and the corporations that often bring it.
In fact, even this assessment is enormously generous, because it assumes that all of the wealth flowing into Africa is benefitting the people of that continent. But loans to governments and the private sector (at more than $50bn) can turn into unpayable and odious debt.

Ghana is losing 30 per cent of its government revenue to debt repayments, paying loans which were often made speculatively, based on high commodity prices, and carrying whopping rates of interest. One particularly odious aluminium smelter in Mozambique , built with loans and aid money, is currently costing the country £21 for every £1 that the Mozambique government received. British aid, which is used to set up private schools and health centres, can undermine the creation of decent public services, which is why such private schools are being closed down in Uganda and Kenya. Of course, some Africans have benefitted from this economy. There are now around 165,000 very rich Africans, with combined holdings of $860bn. But, given the way the economy works, where do these people mainly keep their wealth? In tax havens. A 2014 estimate suggests that rich Africans were holding a massive $500bn in tax havens. Africa's people are effectively robbed of wealth by an economy that enables a tiny minority of Africans to get rich by allowing wealth to flow out of Africa.
So what is the answer? Western governments would like to be seen as generous beneficiaries, doing what they can to "help those unable to help themselves". But the first task is to stop perpetuating the harm they are doing. Governments need to stop forcing African governments to open up their economy to privatisation, and their markets to unfair competition.

If African countries are to benefit from foreign investment, they must be allowed to - even helped to - legally regulate that investment and the corporations that often bring it. And they might want to think about not putting their faith in the extractives sector. With few exceptions, countries with abundant mineral wealth experience poorer democracy, weaker economic growth, and worse development. To prevent tax dodging, governments must stop prevaricating on action to address tax havens. No country should tolerate companies with subsidiaries based in tax havens operating in their country.
Aid is tiny, and the very least it can do, if spent well, is to return some of Africa's looted wealth. We should see it both as a form of reparations and redistribution, just as the tax system allows us to redistribute wealth from the richest to the poorest within individual societies. The same should be expected from the global "society".
To even begin to embark on such an ambitious programme, we must change the way we talk and think about Africa. It's not about making people feel guilty, but correctly diagnosing a problem in order to provide a solution. We are not, currently, "helping" Africa. Africa is rich. Let's stop making it poorer.

Nick Dearden is the director of UK campaigning organisation Global Justice Now. He was previously the director of Jubilee Debt Campaign.
Huu ndio ukweli.Mimi huwa nazifikiria Uingereza,Ufaransa,Ujerumani,HollandBelgium na Luxemborg, achilia mbali Italy, Portugal, Spain na vinchi vingine fukara fukara vya Ulaya.Hizi nchi hazina resources za maana ambazo unaweza kuzungumzia, but they are awash with wealthy.Wanapata wapi huo utajiri?Obviously kwa kutuibia.Wapo watu sijui wana akili gani, eti tuwaache waendelee kutuibia!Ridiculous.Frankly siwaelewi.We are prepared for anything,lakini hatuwezi kuvumilia upuuzi huu unaondelea.Inatosha. JPM tuko nyumba yako.Natamani kile kitabu nilichosoma First Year kwenye Development Studies SUA kinachoitwa "How Europe Underdeveloped Afrika" kingepatikana kila mahali wakati huu ili watu waujue ukweli kuhusu Ulaya na America.They are so cruel.
 

Fais12

JF-Expert Member
Jan 31, 2017
285
250
Tunapakwa mafuta kwa mgongo wa chupa tuu. Tatizo ni sisi wenyewe waafrica na ubinafsi wetu. Wanaowaleta na kuwasainisha mikataba na kuwalinda ni waafrica wenzetu tena wasomi wazuri tuu.
Mimi niko na wewe 100%. Wajinga ni sisi wenyewe. Watu wanahongwa kwa pesa ndogo tuu na saini wanaweka.
 

Fais12

JF-Expert Member
Jan 31, 2017
285
250
Tunapakwa mafuta kwa mgongo wa chupa tuu. Tatizo ni sisi wenyewe waafrica na ubinafsi wetu. Wanaowaleta na kuwasainisha mikataba na kuwalinda ni waafrica wenzetu tena wasomi wazuri tuu.
Na tena shida ya wasomi wetu ni wasomi wa makaratasi tuu na makabrasha yao.
 

izzo

JF-Expert Member
May 31, 2015
2,818
2,000
Siku waafrica wakijua adui wa maendeleo yao na kujitenga nae hakika Africa na waafrica litakuwa kimbilio la watu kutoka pande zote duniani hakuna Adui mkubwa wa maendeleo ya Africa na Waafrica kama UJINGA NA UBINAFSI
 

Duterte

JF-Expert Member
Nov 19, 2016
1,065
2,000
Huu ndio ukweli.Mimi huwa nazifikiria Uingereza,Ufaransa,Ujerumani,HollandBelgium na Luxemborg, achilia mbali Italy, Portugal, Spain na vinchi vingine fukara fukara vya Ulaya.Hizi nchi hazina resources za maana ambazo unaweza kuzungumzia, but they are awash with wealthy.Wanapata wapi huo utajiri?Obviously kwa kutuibia.Wapo watu sijui wana akili gani, eti tuwaache waendelee kutuibia!Ridiculous.Frankly siwaelewi.We are prepared for anything,lakini hatuwezi kuvumilia upuuzi huu unaondelea.Inatosha. JPM tuko nyumba yako.Natamani kile kitabu nilichosoma First Year kwenye Development Studies SUA kinachoitwa "How Europe Underdeveloped Afrika" kingepatikana kila mahali wakati huu ili watu waujue ukweli kuhusu Ulaya na America.They are so cruel.
Great book written by Walter Rodney mkuu.
Tatizo letu Watanzania hatupendi kusoma. Kazi kupayuka tu kwenye mitandao ya Kijamii.
Kujisomea vitabu kunafungua maarifa na akili,pia huongeza kiwango cha kujitambua.
 
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