A DAM SHAME

by Stu Lucy

For the best part of the tail end of the twentieth century, rich countries in various guises have lent considerable sums to leaders of African countries, elected or otherwise, in order that they ‘develop their infrastructure’. Over the years numerous heads of state have accepted these tempting offers, skimming a little off the top for themselves and their cronies, leaving the rest to fulfil some grand construction touted by politicians as intrinsic to ensuring the economic success and prosperity of their beloved country.

Home to the source of the river Nile, Uganda has had its fair share of such development projects, most commonly in the form of hydroelectric dams. Since construction of the Owen Falls dam, the first to harness the power of the mighty river built under colonial rule in 1954, numerous other power stations have been constructed with help from international lenders such as The World Bank, alongside numerous import-export banks of countries set to profit from the dam’s construction.Continue Reading

GAME OF LOANS

by Sam Naylor

I’m sure there were resounding cheers from students and would be university slackers when universities across England began detailing their 2017 tuition fee rates. Some places, like the University of Manchester, have already stated that 2017 students can enjoy a mild increase to £9,250 per year of undergraduate study, whilst institutions like our local favourite UEA have been more cautious on their website assuming a 3% inflationary increase year-on-year (which is pretty much the same thing but it’s like Manchester has included a picture of the middle finger whereas UEA has written hahaha in small letters.)

Some might think that the universities of Manchester, Kent, and Durham are jumping the gun a bit as MPs are yet to vote on the increase in parliament but I’d rather see it as an eager sign of increasing students’ experiences rather than a money grabbing exercise. We will all remember being constantly instructed by our most benevolent regime to ‘live within our means’ and that acquiring debt is terrible for a country but a must for university students.Continue Reading