BAE finally pays out £29.5m for education

From Global development | The Guardian Thu Mar 15 2012, 11:35:51

British firm belatedly agrees terms on payment for textbooks and other school materials in line with SFO settlement

All of Tanzania's primary schools are to receive textbooks to be paid for by BAE Systems under a memorandum of understanding signed by the Tanzanian government, BAE and the Serious Fraud Office (SFO) on Thursday.

In all, BAE will pay £29.5m plus accrued interest for educational projects in Tanzania, following a settlement between the defence contractor and the SFO for concealing payments in connection with the sale of an air traffic control system to the east African country in 2002.

Textbooks will be purchased for all 16,000 primary schools in the country, benefiting 8.3 million children.

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