Multinationals Blamed for Africa’s Rising Poverty

Non-governmental organisation, African Ascension, says that multinational corporations are taking advantage of Africa’s fragile economies in the name of ‘investing’ to exploit the poor.

African Ascension president, Joe Beasley, told the 23rd governing session of United Nations Settlements Programme (UN-HABITAT) in Nairobi that African governments need to be wary of international business companies out to exploit them.

"There is social distress in Africa and in Kenya, to be precise, because of the inequalities and economic injustices being meted out on the poor and marginalised by multinational companies,” explained Beasley.

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