Wow! Africa 'subsidises' the rest of the world to the tune of $41bn (£32bn) a year, according to a new analysis of the amount of money flowing in and out of the continent.
The Honest Accounts 2017 report by Global Justice Now, the Jubilee Debt Campaign and other groups estimated the total amount going into sub-Saharan Africa at $161.6bn, while the total amount going out was put at $202.9bn.
The outflows included debt repayments by governments and the private sector, multinational company profits, the 'brain drain' effect, illegal logging, fishing and poaching, and costs associated with climate change, a problem largely caused by Europe, America and other developed countries.
"Africa is rich - in potential mineral wealth, skilled workers, booming new businesses and biodiversity. Its people should thrive, its economies prosper," the report said.
"Yet many people living in Africa's 54 countries remain trapped in poverty, while much of the continent's wealth is being extracted by those outside it.
Aisha Dodwell, a campaigner with Global Justice Now, said: "There's such a powerful narrative in Western societies that Africa is poor and that it needs our help. "This research shows that what African countries really need is for the rest of the world to stop systematically looting them. "While the form of colonial plunder may have changed over time, its basic nature remains unchanged." from @problkthought #PanAfricanism#AfricanAndProud#BlackAndProud#ProBlack#BuyTheBlock#BlockVestors#BlockDevelopers
This is an important message. I have become more pro black and aware of the conscious movement over the last few years not because I have a dislike for white people, but because there are too many anti black fascists and white supremacists oppressing people of colour. Without love for yourself there is little hope 🙌🏽✊🏽#problack#woke#staywoke#conscious#consciousness#selflove#blm#melanin#standup
HARVARD STUDENT Obasi Shaw will be graduating with an A- after submitting a hip-hop album as his dissertation.
The 20-year-old says his 10-track album Liminal Minds was inspired by Geoffrey Chaucer’s The Canterbury Tales and his own hobby of writing rap music and spoken word poetry.
It combines “elements of Middle English poetry with issues of racial identity in America,” he said of the work, which took him a year to write.
He added: “[African-Americans are] free, but the effects of slavery still exist,” says Shaw. “Each song is an exploration of that state between slavery and freedom."
Senior students at Harvard aren’t usually expected to...
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