The African growth model based solely on foreign aid has so far not delivered the promises it was hoped to deliver. Actually, it has done more harm than good.
Tag: foreign aid to africa
Esoko Software of Ghana Gets Equity Partners in IFC and Soro
FC, a member of the World Bank Group, and the Soros Economic Development Fund have both invested $1.25 million of equity into Esoko, a Ghanaian technology firm.
Africa Needs an Open Access to Western Markets, Not Aid
For decades African governments have largely depended on Western donors to fund everything from community latrines to public universities. Admittedly, some societies could not have survived to this day had it not been for foreign aid. The African growth model based solely on foreign aid has so far not delivered the promises it was hoped… Continue reading Africa Needs an Open Access to Western Markets, Not Aid