October 15, 2018
Aid For Africa? No thanks!
After spending a year abroad in a first world country where inequality is almost zero* (as measured by the Gini Co-efficient where zero indicates perfect equal distribution of income), I find myself questioning why this is not a reality in Africa? Moreover, why does it seem like this reality is still a very long way away? This leads me to a subject that we have mentioned in a previous post and still remains a sore talking point, Aid in Africa.
Andrew Mwenda, a Ugandan journalist, asks us to re-frame the challenge of poverty to the challenge of wealth creation. It is a fundamental shift in the way we think about African success and the role that aid plays.
*The Gini co-effecient is measured between 0 and 1, where 1 is an indication of perfect inequality. The UK has a Gini Co-efficient of 0.268 according to the IMF compared to 0.63 in South Africa