Maybe we should stop sending that money then.
This is a completely erroneous evaluation. After all, profits come from somewhere: mainly industry. They are part of the size of an industry. Not mentioned is the wages, the licensing fees, &c., paid by the companies.
If an African country really believes what these NGOs are saying, then they should clamor to cut off all foreign connections. Instead, they welcome foreign enterprise, even from China.
The Guardian is just a fount of warmed-over communism: this article makes the same “imperialism” argument that Lenin and his buddies promoted, and which has done more harm in developing countries than anything (including even malaria).