Africa and Capital etc., Response to Paul Theroux

In response to Paul Theroux's op-ed Hari Chandra writes "...Except in limited and specific circumstances, Africa does not need charity. Africa needs 'more money' in the form of huge amounts of global risk capital, equity and debt, that can build the industrial and manufacturing base that can employ millions and provide even more with the basic tools of prosperity, support the entrepreneurs building a service industry, provide access to global trade markets for many more people, etc. Certainly capital is not the only thing that Africa needs but it can create a virtuous cycle, funding the educational institutions needed for a professional middle class, supporting the civil society that a sizeable middle class engenders, ultimately allowing Africans to take ownership of their resources..."
Via Zoo Station