Posted on 02/19/2008 5:04:47 AM PST by Kid Shelleen
Almost every day governments in Africa sign trade and business deals with the private sector.
But, many of these deals end up costing governments huge amounts of cash and do not deliver the goods.
Tanzania's former Prime Minister Edward Lowassa last week resigned after a parliamentary committee implicated him in an energy deal scandal with a US based company.
The probe team questioned the cost and quality of the generators that the US Company delivered to help alleviate power shortages the country was experiencing in 2006.
In South Africa the ANC chairman Jacob Zuma is facing corruption charges in connection with a $4.8bn arms deal.
The list of dodgy expensive deals is endless.
(Excerpt) Read more at newsforums.bbc.co.uk ...
Bush just gave Tanzania another 700 million. I am sick and tired of borrowing money from the Chinese so that we can give it to another country!
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