IBOV 176,589 ▼ 0.43% IPSA 10,747 ▼ 0.73% IPC MEX 69,198 ▲ 1.37% MERVAL 2,924,356 ▲ 2.75% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.03 ▲ 0.36% USD/MXN 17.30 ▲ 0.11% USD/CLP 893.35 ▼ 0.24% USD/COP 3,661 ▼ 0.50% USD/PEN 3.40 ▼ 0.35% USD/ARS 1,410 ▲ 0.64% USD/UYU 40.01 ▲ 1.62% USD/PYG 6,131 ▲ 2.87% USD/BOB 6.85 ▲ 2.04% USD/DOP 58.91 ▲ 1.50% USD/CRC 449.72 ▲ 2.46% USD/GTQ 7.62 ▲ 2.64% USD/HNL 26.62 ▲ 2.09% USD/NIO 36.62 ▲ 1.03% USD/VES 538.69 ▲ 1.67% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 2.00% USD/JMD 156.59 ▲ 0.54% USD/TTD 6.72 ▲ 1.37% EUR/BRL 5.86 ▲ 0.19% BRENT 96.32 ▼ 6.97% WTI 93.13 ▼ 3.59% IRON ORE 161.91 — — COPPER 6.44 ▲ 1.47% GOLD 4,520 ▼ 0.02% SILVER 77.75 ▲ 2.44% SOY 1,186 ▼ 0.92% CORN 458.00 ▼ 1.13% WHEAT 635.00 ▼ 1.74% COFFEE 272.05 ▼ 0.11% SUGAR 14.53 ▼ 1.16% ORANGE JUICE 173.00 ▲ 0.90% COTTON 77.46 ▲ 0.05% COCOA 4,152 ▲ 9.38% BEEF 239.30 ▼ 4.01% CATTLE 349.38 ▼ 0.14% LITHIUM 86.35 ▲ 1.25% PETR4 43.44 ▲ 0.09% VALE3 83.07 ▼ 0.62% ITUB4 40.06 ▼ 0.64% BBDC4 17.84 ▼ 1.27% ABEV3 16.59 ▲ 1.16% BBAS3 21.11 ▼ 2.54% B3SA3 16.94 ▼ 1.85% WEGE3 43.44 ▲ 0.30% PRIO3 64.75 ▲ 0.68% SUZB3 41.68 ▲ 0.65% RENT3 43.70 ▼ 2.67% AZZA3 20.50 ▼ 1.87% CSAN3 4.28 ▼ 2.51% RAIZ4 0.40 ▼ 2.44% PCAR3 2.01 ▼ 2.90% GMAT3 4.28 ▼ 3.82% PSSA3 48.89 ▼ 0.71% CVCB3 1.72 ▼ 3.37% POSI3 4.17 ▲ 1.71% SLCE3 16.13 ▼ 0.55% NATU3 10.40 ▼ 1.23% BRKM5 11.68 ▼ 5.81% RANI3 7.91 ▼ 1.49% CSNA3 6.69 ▼ 0.45% CMIN3 4.51 ▲ 0.45% USIM5 9.66 ▼ 3.59% GGBR4 23.61 ▼ 2.36% ENEV3 25.06 ▼ 0.63% NEOE3 33.80 — 0.00% CPFE3 43.59 ▲ 0.67% CMIG4 11.20 ▼ 0.62% EQTL3 38.60 ▲ 0.26% LREN3 15.04 ▼ 2.40% VIVT3 33.85 ▲ 0.92% RAIL3 14.25 ▼ 0.77% KLABIN 16.61 ▲ 0.36% RAIA DROGASIL 18.01 ▼ 2.54% RDOR3 35.00 ▲ 1.42% HAPV3 12.60 ▲ 1.61% FLRY3 16.05 ▲ 0.82% SMTO3 17.15 ▼ 0.92% UGPA3 27.87 ▼ 2.00% VBBR3 31.87 ▼ 1.27% BBSE3 34.72 ▲ 0.29% BPAC11 55.50 ▼ 0.72% CURY3 32.08 ▲ 0.63% AERI3 2.32 ▼ 1.28% VIVARA 22.27 ▼ 2.02% COMPASS 26.85 ▼ 1.50% VAMOS 3.24 ▼ 3.86% SANB11 27.32 ▼ 1.16% ASAI3 9.11 ▼ 0.11% SBSP3 28.77 ▼ 1.13% WALMEX 54.48 ▼ 1.30% GMEXICO 213.64 ▲ 3.90% FEMSA 211.09 ▲ 0.50% CEMEX 22.67 ▲ 2.72% GFNORTE 193.33 ▲ 2.49% BIMBO 58.74 ▲ 1.35% TELEVISA 9.87 ▲ 2.28% AMX 22.48 ▲ 0.90% GAP 422.49 ▼ 0.64% ASUR 309.57 ▲ 2.59% OMA 220.55 ▼ 2.94% KOF 187.97 ▲ 0.90% GRUMA 296.82 ▲ 0.42% KIMBER 37.73 ▲ 0.03% SQM-B 72,594 ▼ 1.25% COPEC 6,390 ▼ 0.47% BSANTANDER 71.99 ▲ 0.57% FALABELLA 5,864 ▼ 1.09% ENELAM 79.00 ▲ 0.64% CENCOSUD 2,122 ▼ 3.55% CMPC 1,121 ▼ 2.09% BANCO CHILE 172.99 ▲ 0.48% LATAM AIR 23.39 ▼ 1.52% YPF 72,100 ▲ 1.51% GGAL 6,795 ▲ 5.27% PAMPA 4,790 ▲ 0.16% TXAR 654.00 ▲ 3.15% ALUAR 967.00 ▲ 3.04% TGS 8,685 — 0.00% CEPU 2,155 ▲ 3.76% MIRGOR 16,375 ▲ 0.15% COME 44.31 ▲ 1.40% LOMA NEGRA 3,418 ▲ 4.27% BYMA 289.00 ▲ 1.31% TELECOM ARG 3,790 ▲ 8.52% ECOPETROL 14.86 ▲ 7.29% BANCOLOMBIA 71.69 ▲ 8.82% GRUPO AVAL 4.66 ▲ 10.17% CREDICORP 351.75 ▲ 5.22% SOUTHERN COPPER 189.88 ▲ 5.68% BUENAVENTURA 35.09 ▲ 4.87% MERCADOLIBRE 1,648 ▼ 0.98% NUBANK 12.98 ▲ 1.96% XP 17.22 ▲ 2.38% PAGSEGURO 9.22 ▲ 0.88% STONE 11.29 ▲ 2.64% GLOBANT 38.42 ▼ 4.26% TECNOGLASS 42.03 ▲ 2.11% GAP AIRPORT 243.68 ▲ 1.36% ASUR 309.57 ▲ 2.59% OMA AIRPORT 102.20 ▼ 0.97% AMX ADR 25.98 ▼ 0.61% FEMSA ADR 121.92 ▲ 0.53% CEMEX ADR 13.10 ▲ 4.26% PETROBRAS ADR 19.40 ▼ 2.51% VALE ADR 16.50 ▲ 0.12% ITAU ADR 7.94 ▲ 1.53% SANTANDER BR 5.46 ▲ 1.30% AMBEV ADR 3.27 ▲ 2.19% CSN 1.33 ▼ 1.48% GERDAU 4.68 ▼ 1.47% LATAM ADR 52.26 ▲ 4.75% BTC 75,821 ▼ 1.89% ETH 2,071 ▼ 1.92% SOL 83.58 ▼ 1.68% XRP 1.33 ▼ 1.65% BNB 655.62 ▼ 1.01% ADA 0.24 ▼ 1.46% DOGE 0.10 ▼ 1.12% AVAX 9.13 ▼ 1.86% LINK 9.37 ▼ 1.30% DOT 1.25 ▼ 1.05% LTC 51.86 ▼ 1.51% BCH 343.07 ▼ 2.35% TRX 0.38 ▲ 1.01% XLM 0.15 ▼ 1.47% HBAR 0.09 ▼ 1.81% NEAR 2.55 ▼ 8.17% ATOM 2.22 ▲ 3.77% AAVE 85.70 ▼ 0.69% SELIC 14.50% EMBRAER 72.38 ▼ 1.23% EMBRAER ADR 57.90 ▲ 0.56% JBS 12.98 ▼ 1.74% JBS BDR 65.00 ▼ 2.18% MBRF3 16.36 ▲ 0.74% MBRFY 3.26 ▼ 2.40% INTER 6.34 ▲ 2.92% EGX 52,659 ▼ 0.38% USD/ZAR 16.36 ▲ 0.04% USD/NGN 1,371 — 0.00% NIKKEI 65,967 ▲ 1.49% CSI300 4,948 ▲ 0.53% HSI 25,599 ▼ 0.03% NIFTY 23,914 ▼ 0.49% KOSPI 8,048 ▲ 2.55% JCI 6,130 ▼ 1.23% USD/JPY 159.21 ▼ 0.05% USD/CNY 6.7855 — 0.00% DAX 25,185 ▼ 0.80% CAC 8,173 ▼ 1.03% FTSE 10,491 ▲ 0.24% MIB 49,899 ▼ 0.64% IBEX 18,291 ▼ 0.52% STOXX 628.01 ▼ 0.57% EUR/USD 1.1643 ▲ 0.07% GBP/USD 1.3458 ▲ 0.07% SPX 7,519 ▲ 0.61% DJI 50,462 ▼ 0.23% NDX 30,001 ▲ 1.76% RUT 2,921 ▲ 1.79% TSX 34,654 ▼ 0.51% VIX 17.01 ▲ 2.53% USD/CAD 1.3807 ▲ 0.02% US10Y 4.4930 ▼ 1.43% IBOV 176,589 ▼ 0.43% IPSA 10,747 ▼ 0.73% IPC MEX 69,198 ▲ 1.37% MERVAL 2,924,356 ▲ 2.75% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.03 ▲ 0.36% USD/MXN 17.30 ▲ 0.11% USD/CLP 893.35 ▼ 0.24% USD/COP 3,661 ▼ 0.50% USD/PEN 3.40 ▼ 0.35% USD/ARS 1,410 ▲ 0.64% USD/UYU 40.01 ▲ 1.62% USD/PYG 6,131 ▲ 2.87% USD/BOB 6.85 ▲ 2.04% USD/DOP 58.91 ▲ 1.50% USD/CRC 449.72 ▲ 2.46% USD/GTQ 7.62 ▲ 2.64% USD/HNL 26.62 ▲ 2.09% USD/NIO 36.62 ▲ 1.03% USD/VES 538.69 ▲ 1.67% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 2.00% USD/JMD 156.59 ▲ 0.54% USD/TTD 6.72 ▲ 1.37% EUR/BRL 5.86 ▲ 0.19% BRENT 96.32 ▼ 6.97% WTI 93.13 ▼ 3.59% IRON ORE 161.91 — — COPPER 6.44 ▲ 1.47% GOLD 4,520 ▼ 0.02% SILVER 77.75 ▲ 2.44% SOY 1,186 ▼ 0.92% CORN 458.00 ▼ 1.13% WHEAT 635.00 ▼ 1.74% COFFEE 272.05 ▼ 0.11% SUGAR 14.53 ▼ 1.16% ORANGE JUICE 173.00 ▲ 0.90% COTTON 77.46 ▲ 0.05% COCOA 4,152 ▲ 9.38% BEEF 239.30 ▼ 4.01% CATTLE 349.38 ▼ 0.14% LITHIUM 86.35 ▲ 1.25% PETR4 43.44 ▲ 0.09% VALE3 83.07 ▼ 0.62% ITUB4 40.06 ▼ 0.64% BBDC4 17.84 ▼ 1.27% ABEV3 16.59 ▲ 1.16% BBAS3 21.11 ▼ 2.54% B3SA3 16.94 ▼ 1.85% WEGE3 43.44 ▲ 0.30% PRIO3 64.75 ▲ 0.68% SUZB3 41.68 ▲ 0.65% RENT3 43.70 ▼ 2.67% AZZA3 20.50 ▼ 1.87% CSAN3 4.28 ▼ 2.51% RAIZ4 0.40 ▼ 2.44% PCAR3 2.01 ▼ 2.90% GMAT3 4.28 ▼ 3.82% PSSA3 48.89 ▼ 0.71% CVCB3 1.72 ▼ 3.37% POSI3 4.17 ▲ 1.71% SLCE3 16.13 ▼ 0.55% NATU3 10.40 ▼ 1.23% BRKM5 11.68 ▼ 5.81% RANI3 7.91 ▼ 1.49% CSNA3 6.69 ▼ 0.45% CMIN3 4.51 ▲ 0.45% USIM5 9.66 ▼ 3.59% GGBR4 23.61 ▼ 2.36% ENEV3 25.06 ▼ 0.63% NEOE3 33.80 — 0.00% CPFE3 43.59 ▲ 0.67% CMIG4 11.20 ▼ 0.62% EQTL3 38.60 ▲ 0.26% LREN3 15.04 ▼ 2.40% VIVT3 33.85 ▲ 0.92% RAIL3 14.25 ▼ 0.77% KLABIN 16.61 ▲ 0.36% RAIA DROGASIL 18.01 ▼ 2.54% RDOR3 35.00 ▲ 1.42% HAPV3 12.60 ▲ 1.61% FLRY3 16.05 ▲ 0.82% SMTO3 17.15 ▼ 0.92% UGPA3 27.87 ▼ 2.00% VBBR3 31.87 ▼ 1.27% BBSE3 34.72 ▲ 0.29% BPAC11 55.50 ▼ 0.72% CURY3 32.08 ▲ 0.63% AERI3 2.32 ▼ 1.28% VIVARA 22.27 ▼ 2.02% COMPASS 26.85 ▼ 1.50% VAMOS 3.24 ▼ 3.86% SANB11 27.32 ▼ 1.16% ASAI3 9.11 ▼ 0.11% SBSP3 28.77 ▼ 1.13% WALMEX 54.48 ▼ 1.30% GMEXICO 213.64 ▲ 3.90% FEMSA 211.09 ▲ 0.50% CEMEX 22.67 ▲ 2.72% GFNORTE 193.33 ▲ 2.49% BIMBO 58.74 ▲ 1.35% TELEVISA 9.87 ▲ 2.28% AMX 22.48 ▲ 0.90% GAP 422.49 ▼ 0.64% ASUR 309.57 ▲ 2.59% OMA 220.55 ▼ 2.94% KOF 187.97 ▲ 0.90% GRUMA 296.82 ▲ 0.42% KIMBER 37.73 ▲ 0.03% SQM-B 72,594 ▼ 1.25% COPEC 6,390 ▼ 0.47% BSANTANDER 71.99 ▲ 0.57% FALABELLA 5,864 ▼ 1.09% ENELAM 79.00 ▲ 0.64% CENCOSUD 2,122 ▼ 3.55% CMPC 1,121 ▼ 2.09% BANCO CHILE 172.99 ▲ 0.48% LATAM AIR 23.39 ▼ 1.52% YPF 72,100 ▲ 1.51% GGAL 6,795 ▲ 5.27% PAMPA 4,790 ▲ 0.16% TXAR 654.00 ▲ 3.15% ALUAR 967.00 ▲ 3.04% TGS 8,685 — 0.00% CEPU 2,155 ▲ 3.76% MIRGOR 16,375 ▲ 0.15% COME 44.31 ▲ 1.40% LOMA NEGRA 3,418 ▲ 4.27% BYMA 289.00 ▲ 1.31% TELECOM ARG 3,790 ▲ 8.52% ECOPETROL 14.86 ▲ 7.29% BANCOLOMBIA 71.69 ▲ 8.82% GRUPO AVAL 4.66 ▲ 10.17% CREDICORP 351.75 ▲ 5.22% SOUTHERN COPPER 189.88 ▲ 5.68% BUENAVENTURA 35.09 ▲ 4.87% MERCADOLIBRE 1,648 ▼ 0.98% NUBANK 12.98 ▲ 1.96% XP 17.22 ▲ 2.38% PAGSEGURO 9.22 ▲ 0.88% STONE 11.29 ▲ 2.64% GLOBANT 38.42 ▼ 4.26% TECNOGLASS 42.03 ▲ 2.11% GAP AIRPORT 243.68 ▲ 1.36% ASUR 309.57 ▲ 2.59% OMA AIRPORT 102.20 ▼ 0.97% AMX ADR 25.98 ▼ 0.61% FEMSA ADR 121.92 ▲ 0.53% CEMEX ADR 13.10 ▲ 4.26% PETROBRAS ADR 19.40 ▼ 2.51% VALE ADR 16.50 ▲ 0.12% ITAU ADR 7.94 ▲ 1.53% SANTANDER BR 5.46 ▲ 1.30% AMBEV ADR 3.27 ▲ 2.19% CSN 1.33 ▼ 1.48% GERDAU 4.68 ▼ 1.47% LATAM ADR 52.26 ▲ 4.75% BTC 75,821 ▼ 1.89% ETH 2,071 ▼ 1.92% SOL 83.58 ▼ 1.68% XRP 1.33 ▼ 1.65% BNB 655.62 ▼ 1.01% ADA 0.24 ▼ 1.46% DOGE 0.10 ▼ 1.12% AVAX 9.13 ▼ 1.86% LINK 9.37 ▼ 1.30% DOT 1.25 ▼ 1.05% LTC 51.86 ▼ 1.51% BCH 343.07 ▼ 2.35% TRX 0.38 ▲ 1.01% XLM 0.15 ▼ 1.47% HBAR 0.09 ▼ 1.81% NEAR 2.55 ▼ 8.17% ATOM 2.22 ▲ 3.77% AAVE 85.70 ▼ 0.69% SELIC 14.50% EMBRAER 72.38 ▼ 1.23% EMBRAER ADR 57.90 ▲ 0.56% JBS 12.98 ▼ 1.74% JBS BDR 65.00 ▼ 2.18% MBRF3 16.36 ▲ 0.74% MBRFY 3.26 ▼ 2.40% INTER 6.34 ▲ 2.92% EGX 52,659 ▼ 0.38% USD/ZAR 16.36 ▲ 0.04% USD/NGN 1,371 — 0.00% NIKKEI 65,967 ▲ 1.49% CSI300 4,948 ▲ 0.53% HSI 25,599 ▼ 0.03% NIFTY 23,914 ▼ 0.49% KOSPI 8,048 ▲ 2.55% JCI 6,130 ▼ 1.23% USD/JPY 159.21 ▼ 0.05% USD/CNY 6.7855 — 0.00% DAX 25,185 ▼ 0.80% CAC 8,173 ▼ 1.03% FTSE 10,491 ▲ 0.24% MIB 49,899 ▼ 0.64% IBEX 18,291 ▼ 0.52% STOXX 628.01 ▼ 0.57% EUR/USD 1.1643 ▲ 0.07% GBP/USD 1.3458 ▲ 0.07% SPX 7,519 ▲ 0.61% DJI 50,462 ▼ 0.23% NDX 30,001 ▲ 1.76% RUT 2,921 ▲ 1.79% TSX 34,654 ▼ 0.51% VIX 17.01 ▲ 2.53% USD/CAD 1.3807 ▲ 0.02% US10Y 4.4930 ▼ 1.43%
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Africa Eastern Africa

Gates Foundation’s Diplomatic Shield in Kenya: A Troubling Precedent

By · November 1, 2024 · 3 min read

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(Opinion) The Kenyan government’s recent decision to grant diplomatic immunity to the Bill & Melinda Gates Foundation has sparked significant controversy and raised alarm bells about power, accountability, and the timing of this move.

This unprecedented decision shields the foundation and its staff from legal consequences for actions taken in their official capacity, a privilege typically reserved for diplomatic missions and international organizations.

The timing of this decision is particularly noteworthy, as Bill Gates faces mounting legal challenges worldwide. He is set to stand trial in the Netherlands over alleged COVID-19 vaccine misinformation.

This coincidence has led critics to question whether Kenya is providing a convenient legal shield for Gates at a time when he needs it most.

The Gates Foundation’s agricultural programs in Africa, particularly through the Alliance for a Green Revolution in Africa (AGRA), have faced severe criticism.

Gates Foundation's Diplomatic Shield in Kenya: A Troubling Precedent
Gates Foundation’s Diplomatic Shield in Kenya: A Troubling Precedent. (Photo Internet reproduction)

AGRA, which received at least $872 million from Gates, has been accused of promoting industrial agriculture methods that benefit large corporations at the expense of local practices and ecosystems.

Reports indicate that these programs have increased food insecurity rather than alleviating it. Under the new status, the foundation and its staff are exempt from legal proceedings for actions taken in their official roles.

They are also exempt from taxes on their salaries and have the right to own property in Kenya. This level of immunity is unusual and has raised concerns about accountability and national sovereignty.

Critics argue that this decision sets a dangerous precedent, potentially encouraging other wealthy philanthropists to seek similar protections.

Concerns Over Agricultural Practices in Kenya

Daniel Maingi from the Kenya Food Rights Alliance warned that this immunity could turn Kenya into a testing ground for controversial agricultural practices. He cautioned that such developments could undermine the country’s food sovereignty and democratic processes.

The announcement comes just after farmer associations and religious leaders across Africa demanded reparations for damages. These damages were caused by the foundation’s “Green Revolution” program.

The foundation’s practices have been criticized by human rights and environmental groups globally for prioritizing corporate interests over local needs.

Independent investigations have shown that AGRA-supported initiatives have failed and sometimes led to increased hunger.

The Gates Foundation‘s involvement in public health initiatives has also been contentious. Gates has been a major funder of vaccine programs, including those for polio, HPV, and COVID-19.

However, these programs have faced significant controversies. One notable issue is the use of a dangerous DPT vaccine in Africa, which had been banned in the United States.

Additionally, experimental HPV vaccine trials conducted in India resulted in severe side effects and even deaths among participants.

The foundation is advising Kenya on the introduction of a new digital ID system called Maisha Namba. This system aims to assign a digital ID to every newborn and will track them throughout their lives.

This initiative has raised additional concerns about privacy and the potential for misuse of personal data. In response to the criticism, the Gates Foundation stated that their agreement to operate in Kenya complies with the country’s Privileges and Immunities Act.

They also noted that they work within standard agreements for nonprofits in Kenya. However, this response seems ironic given that they now operate beyond the reach of Kenyan laws.

The decision to grant diplomatic immunity highlights the significant influence of wealthy philanthropists in developing countries.

As Tim Schwab, author of “The Bill Gates Problem: Reckoning with the Myth of the Good Billionaire,” noted, this move underscores the antidemocratic influence and power of Gates.

He can shape policy decisions affecting millions without any democratic mandate. This situation raises serious questions about accountability, transparency, and the role of private philanthropy in public policy.

The implications for national sovereignty and democratic processes are deeply concerning. It remains to be seen whether this will be remembered as a pivotal moment in Kenya’s development or as a cautionary tale of unchecked philanthropic power.

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