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To develop Africa, buy her products, do not give your money to a foreign aid charity

Wednesday, August 7, 2013

Studies looking at the impact of Western aid programs have revealed that there is zero correlation between per capita overseas development assistance and changes in gross domestic product (GDP). In other words, all those big Western aid agencies, with their costly executive overheads and per diems have done nothing to develop Africa.

More: Africa with Dambisa Moyo

Western aid agencies are about paying big incomes to Western charity chiefs. Real development for Africa means big incomes being earned by African entrepreneurs and wealth creators.

Uganda, and by extension Africa is booming because millions of Ugandans are joining the global economy. New industries and exports are springing up. Technology, from mobile phones to solar powered lighting, is improving living standards.

Read more: The Telegraph

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