nov 302010
 

I think this financial crisis is a very good wake-up call for the rest of the world. The reason this continent hasn’t been affected as badly as the rest of the world is that we don’t have that culture of borrowing. African culture is, if you can afford something, you buy it. You pay cash and you buy it.
Salim Amin in “Futures of Technology in Africa” (Jasper Grosskurth, 2010, p. 129).

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