Will money solve Africa's Problems? A Story of Former Kenyan Millionaires
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Free Download - Will money solve Africa's Problems? A Story of Former Kenyan Millionaires By Ken Teyie |
The $7 million compensation towards injuries caused by live ammunition left by the British to 228 Samburu herders did not stop them from spiralling back to poverty. A local TV crew visited the once “millionaire’s town” and found paupers instead. What lessons do millionaires of Maralal give to Africa?
The media has documented events that followed the money boom. The South Africa Star wrote: “Samburu tribesmen and their families are here on a spending spree: drinking, roasting meat, buying bicycles and clothes and flirting with women.”
A Mr Mathenge in Nanyuki observed: “… a variety of con men, masquerading as traders, doctors, preachers, fortune-tellers and soothsayers descended on Nanyuki moments after news spread that money has arrived…” The Standard reported in 2006: “The newly made millionaires were lured by what they considered odernity. Many owned several cell phones, TV sets, and vehicles.
Today, none of these items exist in Maralal, if they do they are in a state of disrepair.” The traditional approach of addressing African problems through the lenses of “big money” misses the point.
The Organization for Economic Corporation and Development (OECD) countries has pumped an estimated $640 billion to Sub Sahara African countries since 1960.
The G8 countries committed $60 billion towards fighting diseases and lately China has dedicated $5 billion in the next three years to Africa. I propose that Jeffrey Sachs, Bono, Geldof, Bill Clinton and other proponents of “big money will fix Africa”, take a short walk to Maralal.
If money was the key to solving problems, banks would send agents on the streets to supply money to afflicted individuals. Banks only offer money to individuals who successfully translate their “problems” into “opportunities.” Money in itself is neutral.
Will money solve Africas Problems A Story of Former Kenyan Millionaires - To learn more about this author, visit Ken Teyie's Website.
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