Foreign aid is never truly aid. What happens is that we receive a loan from a foreign government. We repay that loan with interest over time. Then we have to purchase goods or services services from that country that gave us aid. These goods are for the project in question. So companies over there wRead more
In around 2014, Kenya had 310,000 registered businesses. In 2005, we had about 100,000 registered businesses so that is a significant improved. Kenya has a population of nearly 50 million people. In 2016, the number of registered companies in the UK that pay tax stood at about 2.55 million. The UK hRead more
What are the problems, pros and cons with foreign aid in developing sub-saharan African countries?
Nahashon Kimemia
Foreign aid is never truly aid. What happens is that we receive a loan from a foreign government. We repay that loan with interest over time. Then we have to purchase goods or services services from that country that gave us aid. These goods are for the project in question. So companies over there wRead more
Quality over quantity: Does having many businesses boost a country’s economic growth?
Nahashon Kimemia
In around 2014, Kenya had 310,000 registered businesses. In 2005, we had about 100,000 registered businesses so that is a significant improved. Kenya has a population of nearly 50 million people. In 2016, the number of registered companies in the UK that pay tax stood at about 2.55 million. The UK hRead more