Thabo Mbeki Quotes


Related Quotes

The International Finance Corporation (IFC), an organization supposedly devoted to financing poverty elimination had supported the building of a luxury 5-Star hotels in Ghana, Egypt and several other poor nations. The construction creates jobs as does the operation of the hotel, but critics complain that the impact on poverty is small compared to the size of the investment. The fancy hotels are too expensive for the local small businessmen and women to use in their commercial development. The elites and the AID givers and NGOs of course have better—and more expensive—accommodations.


Thabo Mbeki
Thabo Mbeki
  • Born: June 18, 1942
  • Nationality: South African
  • Profession: Economist

Thabo Mvuyelwa Mbeki is a South African politician who served as the second president of South Africa from 16 June 1999 to 24 September 2008. On 20 September 2008, with about nine months left in his second term, Mbeki announced his resignation after being recalled by the National Executive Committee of the ANC, following a conclusion by judge C. R. Nicholson of improper interference in the National Prosecuting Authority (NPA), including the prosecution of Jacob Zuma for corruption. On 12 January 2009, the Supreme Court of Appeal unanimously overturned judge Nicholson's judgement but the resignation stood.