Africa stays poor in 3 ways despite have the most natural resources of any one continent.
Many former colonies still pay a colonial tax to Europe even if they are concidered free nations. We're talking about millions annually. Google "Colonial tax".
Secondly most African Countries were "put in position" to take a high interest loan from the World Bank, or the IMF bank. The high rates keep these countries in debt indefinitely. Google profit earned from African nations, IMF, World Bank. As of 2021 Ghana will be the only African country to pay off it's lo
Africa stays poor in 3 ways despite have the most natural resources of any one continent.
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... (read more)Many former colonies still pay a colonial tax to Europe even if they are concidered free nations. We're talking about millions annually. Google "Colonial tax".
Secondly most African Countries were "put in position" to take a high interest loan from the World Bank, or the IMF bank. The high rates keep these countries in debt indefinitely. Google profit earned from African nations, IMF, World Bank. As of 2021 Ghana will be the only African country to pay off it's lo