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Courtesy: marcroberts.com
The World Bank stores up trouble by chasing the bottom line.
Thanks to TheMushyPea for his help on this one.
Click for full view
Courtesy: marcroberts.com
The World Bank stores up trouble by chasing the bottom line.
Thanks to TheMushyPea for his help on this one.
I write from South Africa and have been following the developments regarding this issue for some time now. The fact of the matter is that there is a huge conflict of interest. The ruling party have a 25% stake in Hitachi Africa. And the board who adjudicated the tender was appointed by, you guessed it, the ruling party. Imagine the dividends to be realised over the next few years. It was advocated that a portion of the funds be used for research and fund alternative energy projects. It was swept off the discussion table as quick as it landed there. You will find more on this subject at https://www.fin24.com/articles/default/display_article.aspx?ArticleId=2578796