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UK big profits from Sub Saharan Africa despite aid and debt pledges

Mike Dobson | 06.07.2006 09:28 | Anti-racism | Globalisation | Social Struggles

Absent from UK news this morning.
Christian Aid reports the UK made a net PROFIT of £11,201,574,374 from Sub Saharan Africa in the 12 months since last year's G8 .

Reuers Alertnet reports on figures from Christian Aid showing that despite the fun and games and self-congratulation at Gleneagles UK profited by over 11 billion quid from Subsaharan Africa last year.

 http://www.alertnet.org/thenews/fromthefield/218275/115209401523.htm

 http://www.christianaid.org.uk/news/media/pressrel/060705p.htm

Great to see the good ol' colonial-capitalist wealth sucking machine is in fine working order.

Beyond the bald statement "‘The main culprits in this are large corporations and rich individuals who took £22 billion in profits and capital flight from sub-Saharan Africa last year." names of the beneficiaries of this trade are not named. Please feel free to speculate as to who they might be in your comments.

[Christian Aid is a religiously motivated and unreliable source] but even if 11 billion is on the high side the situation is as appalling as it has been for centuries.

Mike Dobson
- e-mail: michael.dob871@onetel.net