A documentary by the BBC’s award-winning Africa Eye team, aired yesterday, has reported on concerns of alleged fraud, bribery and other highly questionable business practices by two British managers appointed by a UK aid-backed private equity fund to run its investee Kenyan firm Spencon.
Global Justice Now today said the UK government’s international development strategy was “hell bent on pushing aid money into financial markets regardless of the consequences”, following the release of a damning report by independent aid watchdog ICAI - the Independent Commission for Aid Impact.
Decades of gains to put poverty reduction before business interests in international development under threat
Reacting to the speech by international development secretary Penny Mordaunt today, Ed Lewis, aid policy manager at Global Justice Now said: "Penny Mordaunt’s announcement this morning sets the stage for the full-scale privatisation of aid spending."
In response to development secretary Penny Mordaunt's launch of an overhaul of British aid today, Global Justice Now has warned that such a strategy is based on outdated ideas of trickle-down economics and risks future financial crises across African and Asian countries.
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A documentary by the BBC’s award-winning Africa Eye team, aired yesterday, has reported on concerns of alleged fraud, bribery and other highly questionable business practices by two British managers appointed by a UK aid-backed private equity fund to run its investee Kenyan firm Spencon.
Global Justice Now today said the UK government’s international development strategy was “hell bent on pushing aid money into financial markets regardless of the consequences”, following the release of a damning report by independent aid watchdog ICAI - the Independent Commission for Aid Impact.
Decades of gains to put poverty reduction before business interests in international development under threat
Reacting to the speech by international development secretary Penny Mordaunt today, Ed Lewis, aid policy manager at Global Justice Now said: "Penny Mordaunt’s announcement this morning sets the stage for the full-scale privatisation of aid spending."
