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Markets vs. Aid in Africa

by Phil Hughes on March 09, 2015

In a recent speech by Paul Kagame, president of Rwanda, he spoke on the benefits of markets vs. aid at the East African Capital Markets Conference held in Kigali.  This is exactly what we're trying to do at Mavuno Harvest - and here's how.

“The question of preference between markets and aid can only be asked in Africa, not in any other region of this world.

Let’s not be diplomatic, let’s not gloss over issues. Markets are markets. We know what they offer outweigh what we have in aid by thousands of times. All kinds of wealth lying all over the place in Africa and being recycled to us in forms of aid and in the end we are told, you must be humble and quiet and not say anything. Aid is more political than anything else. Markets are less political, they are neutral.” 

For more pictures: https://www.flickr.com/photos/paulkagame/sets/72157648458017963/

For full speech: https://www.youtube.com/watch?v=ysz0Ym7KOt0&feature=youtu.be

https://www.youtube.com/watch?v=Qh26sXNj7eY

https://soundcloud.com/president-kagame

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