The Members of parliament (MPs) of African countries are urged to seriously interrogate their executives to understand the magnitude and usage of the debt the executives borrow on behalf of their people. Reports show that because most of the African countries have misused the money they borrowed or allocated for unintended purposes, many African countries are currently experiencing debt distress. The problem is that most of the money borrowed by African leaders is not intended for the purpose the people are told. And we keep on borrowing, borrowing, and borrowing because the money is not producing what we expected it to be producing,” said Mozambique MP and Vice President of African Parliamentarians Network Against Corruption (APNAC). May be to be more polite it I should say mismanaged, a close word to say stollen…So fighting corruption is one way of controlling the debt money is being used in our continent.

Source: News Business Ethiopia September 05, 2023 17:53 UTC