What made it so galling to me, the outsider, was that of the large sums paid by the various mining companies, brokers and traders, only a tiny fraction ever reached the local economy. The vast bulk was lost in bribes demanded by corrupt officials at all levels. Lubumbashi’s cobalt bonanza brought home to me how money alone will not solve Africa’s problems. Until the Congo’s economy is underpinned by the rule of law and transparency, it will remain stagnant, chaotic and unproductive.
-Tim Butcher
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