Success of Cash Transfers & Aid in Africa, “How Old Nokias Are Helping Solve Poverty”- ColdFusion

Cash Transfers and Aid through digital and mobile systems have improved the economies within countries in the African Continent & boosted GDP better than traditional welfare programs or charity funds that contains a lot of bureaucracy.

Direct Cash Transfers also don’t cause inflation, as the cash transfer programs measured by organizations like “Give Directly” concluded that inflation was minimal and the amount of $1 cash received per person also generated $2.50 in additional spending or income for the larger economy through long-term investments and investing in supply chains of the local economy, rather than subsidizing demand.

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