South-South Unity to Combat Transnational Corps
South-South Unity to Combat Transnational Corps
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Multinational corporations continue to rob African countries of their mineral and agricultural wealth, without contributing to the development of the very people they exploit. In today’s AfroVerdict episode, your host sits down with an advocate and a local Kenyan executive to talk about exploitative tendencies of Western corporations.
Transnational corporations outsource “employee services” to “try to minimize their exposure to local accountability”, according to Christopher Oyier, advocate of the High Court of Kenya.
“The risk is transferred to a third entity or some of their critical decision-making is not done locally. So the enforcement against the local companies needs the victims or those claiming violations to sort of go a level higher in the corporate ladder and try to look for the parent company, which is a challenge because it's costly to go and pursue these companies in their home countries,” he explains.
The optimal course of action is unity, Isaac Yitzhak Mosbey, Kenya's Nandi county Assembly leader and former chairman of a trade union
“The best way to go is for farmers to come together, set up their own factories and compete with these multinationals and with the help of the government that is willing, they should be able to emancipate themselves from the multinationals,” he elaborates.
To avoid such encounters, “South-South cooperation needs to be explored” Mr. Oyier suggests.
“It's possible to bring together the developing countries and not only to address issues on climate change, but economic cooperation and strengthening local economies through trade facilitation. That's a way that will help them avoid some of these challenges they face with the big corporations resident outside the continent,” he states.
To hear what else was discussed, check out the entire episode of the AfroVerdict podcast, brought to you by Sputnik Africa.
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