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Article

21 Mar 2018

Author:
Africa Network Campaign for Education for All (ANCEFA) & others

NGO letter urging investors to stop funding Bridges International Academies

“Public letter of concern to current and prospective investors in Bridge International Academies”

Dear Investor or Donor Agency, We, the undersigned group of 88 organisations, write to share with you the large body of independent evidence that raise serious concerns about the corporate practices and impact of Bridge International Academies (BIA), a commercial school company in which you are currently vested, or in which you may be considering investment.

…However, a robust and growing body of independent evidence raises serious concerns about BIA’s corporate practices and the impact of their operations, and demonstrates that the company is neither contributing to positive disruption nor to meeting the global education goals.…In particular, we would like to call your attention to a series of concerning practices and associated legal and reputational risks for investors, including lack of transparency, poor labour conditions, and non -respect of the rule of law in host countries

.