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Africas Odious Debts How Foreign Loans and Capital Flight Bled a Continent
Brief Summary
In Africa's Odious Debts, Boyce and Ndikumana reveal the shocking fact that, contrary to the popular perception of Africa being a drain on the financial resources of the West, the continent is actually a net creditor to the rest of the world.
The extent of capital flight from sub-Saharan Africa is remarkable: more than $700 billion in the past four decades. But Africa’s foreign assets remain private and hidden, while its foreign debts are public, owed by the people of Africa through their governments.
Léonce Ndikumana and James K. Boyce reveal the intimate links between foreign loans and capital flight. More than half of the money borrowed by African governments in recent decades departed in the same year, with a significant portion of it winding up in private accounts at the very banks that provided the loans in the first place.
Meanwhile, debt-service payments continue to drain scarce resources from Africa, cutting into funds available for public health and other needs. Controversially, the authors argue that African governments should repudiate these "odious debts" from which their people derived no benefit, and that the international community should assist in this effort.
A vital book for anyone interested in Africa, its future, and its relationship with the West.
ISBN:9781848134584
Author:Leonce Ndikumana and James Boyce
Fugitive Heart by Mathitu Wairimu
Makena has been living in the shadows, evading her abusive past with her young son in tow, running every time it threatens to catch up. Then she crosses paths with David, a kind-hearted stranger who thaws the icy grip of fear around her heart. She faces a dilemma she never expected—to keep running or to confront her past head-on.
As their connection deepens, Makena finds herself torn between the safety of anonymity and the hope of a future filled with love and stability. But her ex's relentless pursuit threatens to shatter the fragile peace she's found, forcing her to confront the ultimate question. Is running away truly the answer, or is it time to stand her ground and fight for the happiness she deserves?
One woman's journey to break free from her past and embrace a brighter future. Hers is a powerful story of love, courage, and second chances.
Law of Contract in East Africa by R.W Hodgin
There are very few types of contracts in East Africa that must be in writing in order to be enforceable. This is not to say that one should not bother to reduce agreements to writing. Much of the courts' time is taken up not with the legalities of the contract before them but with the conflicting evidence. A contract reduced to writing, in clear and certain terms, would avoid misunderstandings at a later date and would provide the lawyer and the court with the evidence they require.
A contract is a legally binding agreement made between two or more parties.
This book is offered as an introduction to the law of contract as it applies in East Africa.
Cambridge Lower Sec Complete English 7 (Oxford)
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A trendsetting book that combines travel and design, Caribbean Style offers a previously unseen view of the islands of Guadeloupe, Martinique, St. Barté lé my, Antigua, Nevis, Montserrat, Barbados, Haiti, and Jamaica. The book includes information on island vegetation and colors, plantation houses, town houses, popular houses, contemporary houses, and gardens. In addition, the Architectural Notebook provides plans and information on different types of houses on the various islands.
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