AFRICAN COUNTRIES ADVISED TO CREATE WEALTH USING THEIR NATURAL RESOURCES

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AFRICAN COUNTRIES ADVISED TO CREATE WEALTH USING THEIR NATURAL RESOURCES

university of lsk

 

By Mwenya Mofya

 

University of Lusaka Vice-Chancellor Professor Pinalo Chifwanakeni says it is a shame for African countries to continuously seek funding from the International Monetary Fund-IMF and the World Bank when they have various natural resources which they can utilize to generate wealth.

 

Professor Chifwanakeni notes with concern that African countries do not have the drive and ability to create wealth which promotes debt accumulation and stagnant growth.

 

He therefore, stresses the need to translate academic research into practical solutions which will create wealth to benefit future generations.

 

 

 

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