Between 2010 and 2021, Africa received $607.7 billion in aid, with the highest ($58.4 billion) coming in 2021. Africa also gets the lion’s share of global aid, with 30% coming to the continent annually.
This article estimates that aid to the continent since 1960 has reached $1.2 trillion.
However, there hasn’t been a corresponding change in the living standards of Afpeople inrica; some even say aid is hurting Africa.
Given the many instances of misappropriation of aid in Africa, it would be safe to say a significant portion of aid to the continent has been mismanaged. The aid embezzlement scandal in Uganda and the illegal $800 billion outflows from Africa are only two examples.
This is why Adedeji Owonibi, COO and Co-founder of blockchain solutions company, Convexity, and his team, have developed CHATS — Convexity’s humanitarian aid transfer solution — to track who gets what, when, and where.
Initially contracted by an international NGO to build the solution,…
