Economic recovery: Don't fall prey to western lures, rely on Africa

Money flowing back to creditors from the west is usually at least three times more than the initial debt.

In Summary

• Bretton Woods Institutions will want to lend to African countries, which mostly have exhausted their credit, so they can make money that goes to the West

• African countries should strengthen their markets by opening up their borders within their Regional Economic Communities such as EAC through ACFTA

The world is experiencing a lot of turmoil due to the continued effect of Covid-19.  Many countries in the hitherto financial capitals of the world are reeling from a near halt in their day-to-day ...

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