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For those who think Africa’s problems can simply be solved by the injection of money, I would recommend a crash course in cobalt economics in the Congo. In 2004 the cobalt boom meant there was plenty of money in Lubumbashi, but the presence of money did not guarantee that the local economy grew or even stabilised.

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Tim Butcher Quote: “For those who think Africa’s problems can simply be solved by the injection of money, I would recommend a crash course in cobalt economics in the Congo. In 2004 the cobalt boom meant there was plenty of money in Lubumbashi, but the presence of money did not guarantee that the local economy grew or even stabilised.”

“For those who think Africa’s problems can simply be solved by the injection of money, I would recommend a crash course in cobalt economics in the Congo. In 2004 the cobalt boom meant there was plenty of money in Lubumbashi, but the presence of money did not guarantee that the local economy grew or even stabilised.”

Tim Butcher

Tim Butcher Quote: “For those who think Africa’s problems can simply be solved by the injection of money, I would recommend a crash course in cobalt economics in the Congo. In 2004 the cobalt boom meant there was plenty of money in Lubumbashi, but the presence of money did not guarantee that the local economy grew or even stabilised.”
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