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Africa begins to step away from donor dependency

Saturday, January 28, 2012
An increasing number of African countries are beginning to step away from aid dependency, as the domestic private sector becomes the engine of growth across much of Africa. Currently, at least a third of African countries receive aid that is equivalent to less than 10 per cent 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.
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Global News