Overseas aid to Africa being outweighed by hefty costs of importing oil

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Overseas aid to Africa being outweighed by hefty costs of importing oil

Guardian – Developing countries in Africa received less in overseas aid last year than they paid for oil imports, new figures show. Sub-Saharan Africa received about $15.6bn (£9.7bn) in overseas development aid last year, but this was outweighed by the $18bn cost of importing oil, according to the figures compiled by the International Energy Agency and seen by the Guardian. Read article

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