Africa Through Orange-Colored Glasses?
"The real Africa needs increased trade from the West more than it needs more aid handouts."
What Bono doesn't say about Africa
"If you make Africans rich, they'll be less poor," said Idriss Mohammed, a financier who wants to raise a private equity fund for Sub-Saharan Africa. "Forget making poverty history. I want to make Africans rich."
Africans to Bono: 'For God's sake please stop!'
"Private capital is taking notice. Foreign direct investment in Africa was $32 billion in 2005 (the most recent year available), double the 2004 figure. While Africa still represents less than 2% of world trade, the continent is growing at a 6% clip. Just raising Africa's share of global trade a few percentage points would bring in billions more than any government-funded development aid program ever could. It would also free African governments from dependence on aid."
Investing in Africa
"Eliminating billions of dollars in federal subsidies to American cotton growers each year would reduce American cotton production and exports, raise world prices by about 10 percent and modestly improve the incomes of millions of poor cotton farmers in Africa, according to a new study by Oxfam, the aid group."
If U.S. cuts cotton subsidies, benefits in Africa
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