By KENNEDY CHESOLI More by this AuthorAfrican governments often fail to demonstrate basic understanding of economic growth and development, yet this forms much of foundational economic courses. Their fascination with large, costly infrastructure projects is not development but debt traps that would further impoverish the continent. Economic progress happens when countries make investments that improve the quality and quantity of productive resources. It is imperative that counties focus on capital accumulation and technology progress to achieve economic growth. Furthermore, projects with undisclosed contract details are likely fraudulent, exploitive and poverty traps.

Source: Daily Nation July 13, 2020 22:41 UTC