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Pambazuka Feature: Multinational corporations: The new colonisers in Africa

Surveying a history of exploitation of Africa's people and resources, Lord Aikins Adusei denounces the multinational corporations continuing to plunder the continent's natural wealth. Situating today's ongoing exploitation of African resources within an established tradition of external interference, Adusei decries the ability of corporations to avoid paying taxes and keep dictators indifferent to their citizens' plight in their pocket. But with the emergence of China as a viable funding alternative to the World Bank and the International Monetary Fund (IMF), the author concludes that the 'second colonialism' driving Euro-American globalisation may be at an end.

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