Bono made a bit of a stir in late January with an Op Ed in Le Monde, a French newspaper. As he wrote:
Africa is rich in natural resources yet it is rarely Africans (save some corrupt officials) who get rich off their extraction. Meanwhile the missing cash risks fueling conflict across the continent. Transparency could change that. It could re-route revenues to kickstart economies and invest in jobs, health and education.The United States—prodded by activists like the ONE Campaign and visionaries like George Soros—recently passed historic legislation requiring energy companies to “publish what they pay” to officials. This is big. Could be even bigger than debt cancellation, in terms of the money it frees up for Africa’s fight against poverty. It doesn’t cost the U.S. a single dollar, and it wouldn’t cost France or Europe a single Euro to enact the same law and make it binding.
So, apparently Bono thinks that, through enough rent-seeking, he can find a way to cure poverty by giving more money to Africans.
How about giving them jobs, Bono?
Amidst hist chastising, Bono fails to consider what his own practices with his clothing company, Edun, conveys about his faith in the region. As Magatte Wade, Senegal native and serial entrepreneur, wrote in her HuffPo blog:
Magatte Wade actually has improved life for women in her home country. One day, I hope Bono stops trying to appropriate my tax dollars and actually does the same.DONATE
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