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Kenya Should Learn From Eritrea on How to Reject Loans And Foreign Aid

Kenya is one of the countries in Africa with the highest foreign loans which has brought a lot of alarm to many Kenyans because it has started influencing with the country's functionality for Kenya spends more than 900 billion annually in paying it's loans that stand at 7 trillion Kenyan shillings.

Kenya should learn on how to reject this loans that end up being very costfull from countries such as Eritrea, Eritrea is known to be a self dependant country mostly in financial issues for in 2006 the country rejected a over $200 million foreign aid and in 2007 it also rejected a $100 million development loan from the World Bank.

Eritrea is now currently enjoying a pressure free economy which is the opposite to the economy of Kenya which is now on it's knees due to heavy taxation which is used to pay the loans because the project that have been funded through the loans end up being white elephants.

Content created and supplied by: Kevin.nd (via Opera News )

Africa Eritrea Kenya


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