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[QUOTE]Originally posted by Doug M: [QB] Just ended was the world economic forum on Africa, one of the many globalist created and managed think tanks and forums on African economics. With all these think tanks and forums one has to ask why is Africa still so poor? Well because most of these think tanks and forums are sponsored by the same folks stealing everything in the first place. Primarily they are used as vehicles to promote propaganda about development that almost NEVER reflects any real progress for Africans. Rather it promotes the interests of the globalists, multinationals and banks by making it seem as if they are "working hard" to solve the problems of African economics. But in reality they are simply continue to "work hard" stealing Africa's wealth, but because they got so many black folks on the payroll it is easy for them to promote the illusion that somehow Africans are in the driver's seat. [QUOTE] A point frequently returned to throughout the World Economic Forum on Africa has been the inescapability of the fact that Africa’s economy will be shaped by its reserves of natural resources for the foreseeable future. Introducing the 2013 Africa Progress Report on Friday, Kofi Annan and his colleagues said that Africa’s mineral wealth has the potential to transform the continent, but resource-rich countries are leaving their poor behind. He also hit out at “shady deals” between mining houses and countries. By REBECCA DAVIS. One thing that events like the World Economic Forum make clear is what a bewildering quantity of annual reports on Africa are produced by various thinktanks and foundations. On Friday, it was the turn of the Africa Progress Panel to launch their annual publication. The Africa Progress Panel is one of Kofi Annan’s post-UN initiatives: it consists of ten “distinguished individuals from the private and public sector”, although one can hardly avoid noting that musician-turned-Africa-saviour Bob Geldof is among their number. So, however, are ex-Nigerian president Olusegun Obasanjo, Graca Machel and former US Treasury Secretary Robert Rubin, so their claims to having a “formidable capacity to access a wide cross-section of society including at the highest levels in Africa and across the globe” may not be too far-fetched. Before the launch of Friday’s report, Annan was quoted as having some pretty stern words for those in the extractive industries, and those in leadership positions on the continent, who sought to swindle Africa out of a just deal. Speaking to the BBC ahead of the launch, Annan told the BBC that African people are “not getting the revenues we deserve”. At the heart of this issue, he suggested, is a lack of transparency around production-sharing agreements and the sale of assets to foreign investors. “No country better illustrates the high costs associated with opaque concession trading than the Democratic Republic of the Congo (DRC),” the report states. “Privatization of the DRC’s minerals sector has been plagued by a culture of secrecy, informal deals and allegations of corruption”. The report’s investigation of the DRC in this regard is extremely damning. It finds that the DRC lost at least $1,36 billion in revenues between 2010 and 2012 by underpricing mining assets sold to foreign companies. To make the enormity of this figure more stark, the report calculates that each DRC citizen, in a country of 67 million, lost the equivalent of $21 from these deals. Because the offshore companies managed to snap up the assets at such a steal - $275 million – their rate of return on these deals was on average 512 %, and as high as 980% in one deal. Those are profits which would have been warmly welcomed in a country that ranks lowest of all on the Human Development Index, measuring wealth, life expectancy and education. The report is at pains to state that they are not explicitly accusing political leaders, officials or the foreign companies involved of deliberately engaging in illegal activity – although they do suggest that investigation be carried out to determine whether or not the assets were “knowingly undervalued”. But in recent years, they note, other huge losses in the sector have been incurred through a mixture of “poor management, corruption and flawed taxation policies”.[/QUOTE] http://www.dailymaverick.co.za/article/2013-05-10-kofi-annan-at-wef-africa-wants-a-better-deal-on-minerals/#.UY6BR0oUhBk To this day most of the mines, farms and other major economic sectors are controlled by whites across Africa and we all know how they got there. And these forums are just another way for them to promote their own agenda while making it seem as if they are trying to make "progress".... [/QB][/QUOTE]
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