Sierra Leone Business Club on LinkedIn
I have to quote what I wrote on the subject of Chinese Companies exploiting Africa.
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I have to jump into the discussion of two reasons. I have been working with these Chinese investors. Naturally they want to take use of their possibilities to finance major investments and projects to their own benefit. They have actually succeeded to build a country on their resources and their cheap and politically controlled manpower.
They have also centralized their banking system and the control over the investments to the benefit of their people.
So why does not the same happen in Africa and specially the subsaharan Africa.
Do not blame the Chinese.
Look into how the subsaharan countries are organized. The difference is not the system of paying officials for their services. That is the same actually.
What lesson could be learned? Is it the banking system and the control of the banking system. Is it that the punishments for fraudulent behaviour is not a shot in the head.
I am trying to reverse the system and giving the mining communities to take control over their incomes and enable them to retain more of their earnings. in order to under their own control develop their societies. I hope that I am right and not fighting a system that is so rigid that it can not be changed.
Anyhow you are welcome to visit me at www.boengstrom.com
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So you are here. Have you studied my proposal?
