Aid to Africa projected to fall during Trump’s presidency
Report by chartered accountants says US likely to cut spending by reining in development aid. FOTOSEARCH
Kenya and Tanzania are among African countries likely to face a drop in foreign aid as the new US administration cuts spending to create room for increased infrastructure expenditure, according to a new report.
The report by the Institute of Chartered Accountants in England and Wales (ICAEW) says the Trump presidency raises the risk of the US rolling back development aid, thus affecting dependent countries such as Kenya, Tanzania, Ethiopia, Nigeria and the Democratic Republic of Congo.
