“The Chennai plant is Samsung’s second-largest in the country and generates nearly one-third of Samsung’s annual revenue in India, which amounts to $12 billion (€10.8 billion).”
Jesus, the plant makes nearly $4 billion annually but these workers are only paid around 300 USD a month and want increases to 428 a month within three years.
“When I tell you he’s got his own money, I mean the boy has got his own money!!!” -Mr McDowell
Also, I always appreciated how he stood up for Lisa when the king was being disrespectful
Homophobia unfortunately has a strong hold through most of Africa at the moment. Hopefully we will overcome it as a continent. Anyways, I wish Senegal success in curbing corruption and looting.
"The German government has said the deal does not specify the number of workers who will be allowed in. "
I think BBC edited the article after you posted this but I couldn’t find the 250000 number from the title.
In any case this is great news for both countries.
This price is impossibly cheap even compared to other Chinese built trains in other African countries. Something must be off
Makes sense! I think France, and all countries that had slave colonies, should pay back the equivalent of the profits they made from slavery with interest. It won’t take away the atrocities that were committed but it is part of justice.
More rail infrastructure in Africa is great news!
For everyone commenting about debt traps, from an African perspective both Western debt and Chinese debt (or any type of debt) favor the creditors but Chinese loans are relatively advantages because
(1) they tend to focus on infrastructure that the respective countries can use to their advantage as opposed to the WB or IMF loans which promote neoliberalism that has never worked in Africa (or really any other place) and push Africa in a position to only be able to provide raw materials and never be able to switch to value added products.
(2) They push other richer countries interested in African to invest more if they want to compete with China. The US for example has made plans to invest in African infrastructure to compete with China:
(3) If the debtor countries default on the loan or want to renegotiate, China (at least so far) doesn’t use its intelligence agencies and military agencies to destabilize your country or force regime change
Ethiopian here. The government has already banned import of combustion cars a few months ago. I think it was a great move both environmental reasons and for saving money by reducing oil imports as more and more people switch to electric cars.
Thank you!
"I am proud of our democratic processes. Although I wanted a second term, I will respectfully step aside and participate in a smooth transition process,” Masisi said.
Way to go Botswana!