Fears that stalk Africa range from
Ebola to Europe.
As the prices for Africa's commodities
fall to worrying levels, Africa, unheard
of, unwritten about, unsung about will see its poor incomes fall further. With
little public accountability and with massive doses of corruption, Africa
really does not know where to turn to. Europe, its traditional purported
benefactor, is weakening and with a
falling euro has to give less aid to African nations.
China, one big investor at one time, will
move slow given that it has its own travails and given that expectations of
benefits from African resources have not materialized.
Countries
like Ghana weighed down by ghost enrollments in Government offices and falling incomes, knock on IMF
doors but are afraid to accept conditionalities may be for political reasons.
Has it any option as its reserves fall?
The World Bank has predicted that
growth in 2015 in Sub Saharan Africa will be 4.6 %.T
From stagnating Egypt rattled right from 2011 to stricken
Sierra Leone to gold and diamond studded South Africa, there is darkness
creeping in. The African countries will see heavy pressures on their currencies as their real
exchangeable values fall.
Foreign Aid, can you hear me?
Views Expressed without risk or responsibility.
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