Tuesday, November 27, 2012

Techvest in Africa’s future: What Africa Really Needs Right Now

Moved by images of buildings crumbling like sand castles and children wandering the streets crying for parents buried in the rubble, I donated $10 to the Yéle Haiti Earthquake Fund, excited that saving the world was as simple as texting — something I do daily without even thinking. Yéle reportedly collected more than $2 million from its SMS fundraising, which was lead by hip-hop producer and Yéle chairman Wyclef Jean. Then a report by Smoking Gun lifted Jean’s Superman cape. Turns out the organization had some serious financial mismanagement issues, including not  filing taxes and large payouts given to Jean and his associates. Jean defended Yéle’s credibility, but the damage was done.One year after the earthquake, millions of Haitians  are living in tents and dying in record numbers of curable diseases, even after donors around the world gave more than $14 billion.

This is what I call an aid fail.
Read more: http://techchange.org/2011/06/10/techvest-in-africa%E2%80%99s-future-what-africa-really-needs-right-now/

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