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A majority of African economies, or 83%, are highly commodity-dependent and are vulnerable to external shocks, experiencing good growth when commodity prices are high, but seeing growth reversal and setbacks when prices are low. Chad, for example, experienced an average of 9% growth in GDP between 2001 and 2014, but since 2015, the GDP of the country has contracted and poverty increased. GDP per capita is decreasing and developmental gains have been reversed because of the inability to sustain economic growth. ....
The changing face of US aid to Africa – 'the Chinese are coming' – The Sierra Leone Telegraph thesierraleonetelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesierraleonetelegraph.com Daily Mail and Mail on Sunday newspapers.
How and why China became Africa's biggest aid donor – The Sierra Leone Telegraph thesierraleonetelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesierraleonetelegraph.com Daily Mail and Mail on Sunday newspapers.