During the campaigne for Burrkinabes presidential élection .I had the opportunity to listen to some of the Candidates.One who caught my attention and I found him very pertinent had as his agenda to fight poverty by making it possible for -Burkinabe lamnda- common man to own shares in public lucrative companies.
Prior to listenning to this debate I had also listen to one Cameroonian evangelist over a local station who said he had presented a project to Government whereby each Cameroonian ,hosehold were to contriburte 10 000 fras so we can be able to build an express road between Yaoude and Doiuala under a build operate and transfer agreement
I find all these ideas very interesting just immagine the billuions multinationals make in each country in the Communication ; energy , mininng transport sectors etc, etc. Some of these infrastructure have been put up by Government with heavty loans obtained from international financial institutions then some multinationals or rich individuals come exploit them expatriat billions of profit every year ,while the poor man on the street through his taxe s pay the Loan contacted.
The result is that the gap between the rich and the poor continue to expand.In Cameroon.Studies by the Cameroon Institute of statistics says more than 8 millions cameroonians are living below poverty line An increase of one million from last year figures; while at the same time the few rich have become richer.
If Government Can start by negotiating or imposing on public Companies to allot a certain percentage of their share capital to the man of the street this will go a long way to reduce poverty and reduce the gap between the rich and the poor.
Workers of such companies should be given the opportunities to buy shares , the local farmer, petit traders bike riders etc etc should be helped and given the opportunity to buy shares.Well organ,ised institution like the churches and social groups should be encourage to create hedge funds and subsequently buy shares or even take over some public utility Companies.
The result will be that some of the expatriated billions shall remain home , boost consomption and creat more jobs
God blesss Africa