AFRICA LOSES MORE THAN IT RECEIVES IN AID

Following the announcement that USAID would end operations, the Sputnik news outlet hosted African Stream’s William Sakawa for an African perspective on the issue.

While some see the ending of aid from Washington as a loss for Africa, others point to the fact that more wealth leaves our continent (around $192 billion a year) than enters it (some $134 billion - of which around $30 billion is aid).

Much of this loss can be put down to illicit outflows, and if these were curbed, aid would hardly be necessary. That would be even more true if Africa were fairly compensated for its abundant natural resources, rather than relentlessly exploited by the same multinationals that dodge our taxes.

Credit: https://en.sputniknews.africa/20250307/usaid-in-africa-development-partner-or-trojan-horse-1070959784.html

Sources

https://www.medact.org/app/uploads/2014/09/Honest-Accounts-report-v4-web.pdf