african countries debt


African Countries Debt: Gamblers in a Casino

The official story is the one of a “Rising” Africa. But, what exactly is rising?

Behind the headlines heralding Africa as the fastest growing continent, one could easily spot a hidden drama of an entire continent mortgaging its future with unsustainable level of public debt, and private equity taking over local resources.

Let ask ourselves read more

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About Mawuna KOUTONIN

Mawuna Koutonin is a world peace activist who relentlessly works to empower people to express their full potential and pursue their dreams, regardless of their background. He is the Editior of SiliconAfrica.com, Founder of Goodbuzz.net, and Social activist for Africa Renaissance. Koutonin’s ultimate dream is to open a world-class human potential development school in Africa in 2017. If you are interested in learning more about this venture or Koutonin’s other projects, you can reach him directly by emailing at mk@linkcrafter.com.

Is Africa really Rising, or just Screwing its Future with Debt?

Could a country which debt increased 13.4% in a year, and in the same year its GDP grew 12.7% be considered a fast growing economy?

What if the contracted debt has interest rate at 6%, is the country still a fast growing economy?

That’s the story of Ethiopia, one of the media heralded fast growing African economy.

Now let’s take a loot at the read more

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About Mawuna KOUTONIN

Mawuna Koutonin is a world peace activist who relentlessly works to empower people to express their full potential and pursue their dreams, regardless of their background. He is the Editior of SiliconAfrica.com, Founder of Goodbuzz.net, and Social activist for Africa Renaissance. Koutonin’s ultimate dream is to open a world-class human potential development school in Africa in 2017. If you are interested in learning more about this venture or Koutonin’s other projects, you can reach him directly by emailing at mk@linkcrafter.com.