Africa doesn’t need charity, it needs good leadership - Sam Adeyemi
There is an ongoing discussion on the effectiveness of foreign aid in helping the economic development of Africa. One thing is obvious: the results are not exactly what Africa’s development partners have expected, and the reasons are not far-fetched. Dambisa Moyo, global economist, and author contends in her book Dead Aid that while foreign aid that addresses humanitarian needs caused by drought and conflict is helpful, most of the aid given to African countries is rather harmful. The OECD provides comprehensive statistics on the kinds and volume of aid received by the continent up until 2015. Moyo lists the problems enhanced by aid to include corruption, civil conflict, shrinking of the middle class, and the instilling of a culture of dependency. All of these combine to make Africa unattractive to global investors. It has become obvious that it is politics that drives the economies of nations. Acemoglu and Robinson assert in their seminal book ...