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China’s obsession with financial secrecy is causing problems overseas … even when it’s giving $55M away
China is once again causing controversy in Africa for doing something that, in theory, should win praise giving away money.
This week, it emerged Beijing had secretly gifted Sierra Leone $55 million to fund a controversial “fishing harbor” on an undeveloped stretch of coastline, which supports the local fishing industry, borders protected rainforest, and is home to endangered turtles and pangolins.
The deal only came to light after residents were told by officials in the Whale Bay area, where the harbor is planned, that there was a hold on any land exchanges because of a Chinese deal, says Jane Aspden Gbandewa, who runs an an eco-tourism business in the area.
AustraliaJapanMujiAnhuiChinaXinjiangJiangxiUnited-statesIsraelWashingtonInner-mongoliaNei-mongolTonner, who lives in London, has set up a crowdfunding page to fund a judicial review into the deal. The government could be acting unconstitutionally if it acquired the land compulsorily, he said, because the constitution requires any such move to be in the public interest. The compensation stated by the government was also unfair, he argued, claiming that the rate was about 30 times lower than the market value of the land.
Tito Gbandewa: âIf they do this here, the water will be dirty, there will be a lot of oil and noise, the trawlers will be all around.â
âUnder the constitution, the government can sequester land if it is in the public interest,â Tonner said. âEven if this just a deep-water harbour, it is not in the public interest because itâs not a suitable site. There are fish breeding sites in the lagoon. It will wipe out the local fish people live on.â
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