“Corruption is not exclusive to
“Corruption is a terrible disease that destroys a country from within. Funds desperately needed to combat poverty and disease and to build roads, hospitals and schools are spent instead on everything from palaces on the
The above passage is part of a recent Editorial in the influential New York Times entitled “Grand Larceny Africa” and this is definitely not good for the continent which is stirring interest in western, particularly American, investors who think that
The western investors want to emulate the Chinese who have in the last decade poured billions of dollars into
Stories like the on-going court case involving Ministry of Health staff in which K27 billion is alleged to have been misappropriated, the Dora Siliya saga involving RP Capital in the earmarked privatization process of ZAMTEL, etc, all do not give confidence to potential western investors who think that their investments would go down the corruption drain.
But what is very sad is the reaction from the donors who finally appear to be putting a plug on funding to corrupt ministries and departments, and they cannot be faulted for their actions. They have to protect their taxpayers’ funds back home.