Why aid to Africa doesn’t work
June 18th, 2007
Wow! Great excerpt from an interview in a German magazine with a Kenyan economist. He basically begs the West to stop sending aid and screwing up the local economy and just allow Africa to grow up as normal.
I’m from South Africa originally and this strikes a chord with me – SA rarely gets aid as it’s pretty rich compared with the rest of Africa, but there are many poor people there and the spirit of entrepreneurship I see amongst them makes me feel the country would do just fine without any help. I’m a great believer in the future of Africa and have money in some business down there (telecoms and other services businesses are huge).
Entry Filed under: Politics
2 Comments
Add your own1. William | July 16th, 2007 at 1:36 pm
What businesses do you have an interest in? :-O
2. Clayton | July 16th, 2007 at 1:55 pm
I’ve got shares in some property owning small coporations – it’s not much but enough that it’s a commitment to keep it down there on the basis that it won’t simply vanish. So far it’s worked and I assume it will for some time to come.
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