Borrowing three times your pay? No! Says Bible, common sense
Uganda was a good choice to host the debt conference for it has some interesting aspects of how debt should not be managed. ILLUSTRATION | JOHN NYAGA | NMG
Hardly a public meeting featuring development partners in Africa these days ends without a warning being sounded on debt. The experts are concerned that Africa’s borrowing is running out of control.
However for us non-experts who only rely on common sense, Africa’s debt crisis has been around for long because the debt always appears recklessly misguided.
