Africa's Aid Drought: What a Shrinking Wallet Means for Music and Culture The latest numbers on overseas aid flows paint a bleak picture for Africa. Foreign assistance dropped 23% last year to $174.
3 billion, with the US taking a significant share out of its contribution to the African Development Bank (AfDB). Meanwhile, an Ebola outbreak looms over this week's annual meeting in Congo Republic.
Africa's development financing gap is estimated at $400 billion annually by the AfDB.