Currently, at least a third of African countries receive aid that is equivalent to less than 10 percent of their tax revenue. They include Algeria, Angola, Equatorial Guinea, Gabon and Libya. This is a significant change from years of high dependency on aid.
These are countries that have made the most progress towards replacing aid with domestically mobilised resources. On average, Africa has managed to raise an estimated 441 dollars in taxes per person per year while receiving 41 dollars per person per year in aid, according to a comprehensive look at African resource mobilisation by the African Economic Outlook 2011.
Read the entire story here >>
Subscribe for Updates
- Fashion3 months ago
25 Fashion Fabulous African Style Outfits for Work
- Travel2 months ago
These Are The African Airlines On The World’s Best 100 Airlines of 2019
- Arts & Culture3 months ago
Yemi Alade`s Top 15 Outstanding Ankara Designs That are Trending
- Travel3 months ago
Ghana Airways to Re-launch in 2020 Following Deal For Three Boeing 787-9 Dreamliner
- Events2 months ago
50 Inspiring Black History Month Quotes
- Health & Fitness2 months ago
Nigerian Doctors Perform Historic Surgery To Separate Conjoined Twins
- Celebrities2 months ago
These 10 Songs By Burna Boy Confirm That He Is Not An Afrobeats Singer
- Politics2 months ago
Is President Trump’s New Travel Ban And Birth Tourism Policy A Scheme To Lower Africa’s Population In America?