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Kwabena Ofori Osei
22 Views · 2 months ago

Far from being a tragedy for Africa, the demise of the United States Agency for International Development (USAID) at the hands of President Donald Trump's administration should be cause for celebration, argues Arikana Chihombori-Quao, the former ambassador of the African Union to the US.

Chihombori-Quao tells host Steve Clemons that USAID doesn’t have much to show for its decades of education and healthcare projects in Africa and often destabilised countries under the guise of environmental, human rights or social justice agendas.

And if the US is not interested in Africa, African leaders shouldn’t beg for better relations, she said. “It takes two to tango,” the former diplomat said.

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Kwabena Ofori Osei
4 Views · 15 days ago

Africa is a continent rich in natural resources with a young population. African nations in theory have the potential to transform their economies. But many of them are facing mountains of debt.

Africa’s external debt climbed to more than $650bn last year.

More than half of African countries are either in debt distress or teetering on the edge. But credit restructuring is painstakingly slow, and many governments end up spending more on servicing their debt than on healthcare or education.

The debt problem has plunged many nations into economic crisis with rising unemployment and poverty.

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