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Why is Africa still so poor?
IWhile $134B flows in each year, predominantly in the form of loans, foreign investment and aid; $192B is taken out, mainly in profits made by foreign companies, tax evasion and the costs of adapting to climate change."-Health poverty Action. The presence of some of the world's fastest growing economies at.
Chinas Rush into Africa.
NAIROBI, Kenya-For nearly a decade, as china made a historic push for business opportunities and expanded influence in Africa, most of the continent's leaders were so thrilled at having a deep pocketed partner willing to make big investments and start huge new projects that they rarely paused to consider whether they were getting a sound deal.
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