Business/ Economy
Economies grow and flourish because of producing and selling goods and services. It is common knowledge that goods and services in high demand attract fortunes. It is also common sense that decisions over consumption and saving determine how much wealth an individual or entity would have available for investing. This is demonstrated in the Western and South-East Asian countries, where the saving culture has taken root.
Unfortunately, Africa has been and continues to be the poorest Continent on planet earth, characterized by high levels of poverty (48.5% in sub-Saharan Africa), poor infrastructure that impedes trade and movement of people, high levels of youth unemployment, overburdened with external debt (over $ 300 billion spent annually on debt servicing) and inefficient and unsustainable exploitation of its natural resources. Africans must stop blaming others for their predicament because it does not improve anything except growing self-pity and desperation.
Africa's economic transformation should be owned by Africans themselves through responsible and ethical behavior both at the micro and macro levels of economic decision making, which trace their solid moral compass in the statutes of God (Deuteronomy 28 – the blessings of obedience to God). The church of Jesus Christ in Africa, therefore, needs to take centre stage in developing and instilling in the African population virtues of hard work, long-term thinking, delayed gratification, integrity, and sound management principles to harness the benefits of her God-given natural endowments.
Unfortunately, Africa has been and continues to be the poorest Continent on planet earth, characterized by high levels of poverty (48.5% in sub-Saharan Africa), poor infrastructure that impedes trade and movement of people, high levels of youth unemployment, overburdened with external debt (over $ 300 billion spent annually on debt servicing) and inefficient and unsustainable exploitation of its natural resources. Africans must stop blaming others for their predicament because it does not improve anything except growing self-pity and desperation.
Africa's economic transformation should be owned by Africans themselves through responsible and ethical behavior both at the micro and macro levels of economic decision making, which trace their solid moral compass in the statutes of God (Deuteronomy 28 – the blessings of obedience to God). The church of Jesus Christ in Africa, therefore, needs to take centre stage in developing and instilling in the African population virtues of hard work, long-term thinking, delayed gratification, integrity, and sound management principles to harness the benefits of her God-given natural endowments.