Since the early 1980s, Sub-Saharan African countries vehemently experienced generosity from foreign countries in form of aid. These countries signed agreements with donor countries to which they received assistance in times of need for instance natural disaster and times of conflict both capital and humanitarian aid. Governments also agreed to issue loans to allied nations in Sub-Saharan countries which experienced economic uncertainty with some special conditions for repayments. Sometimes they included reforms from the donor countries that are made conditional to the recipient countries on the assumptions that they will make the nation in question more competitive and thus stimulates economic growth. Focusing on Structural Adjustment Programs (SAP) for example, which included set of economic reforms that a country must adhere to in order to secure a loan from financial institutions including International Monetary Fund and/or the World Bank; this study will argue that progressive idea of offering a conditional loan is a tool for neocolonialism. In this argument, rich countries offer bailouts to poor countries (former colonies, in many cases) in exchange for reforms which expose vulnerable countries (Sub-Saharan African countries) up for exploitative investments by multinational corporations. The current experiences by Sub-Saharan countries for example, the introduction of new set of economic policies by financial institutions including reducing government spending, opening to free trade and so on, is a threat to these countries. The International Monetary Fund (IMF) and World Bank (WB) two Breton wood Institutions which date back to 1940s have long imposed stringent measures on their loans. However, the period beginning 1980s, saw concerted efforts to turn lending to crisis-stricken poor countries into avenues for reforms. Since then, countries have been required to adhere to a combination of the following measures including (1) devaluing their currencies to meet balance of payment deficits (2) cutting public sector employment opportunities, subsidies, and other spending to reduce budget deficits (3) privatizing state-owned enterprises and deregulating state-controlled industries (4) loosening regulation to attract investments from foreign businesses and, (5) closing tax loopholes and enhancing tax collections from domestic enterprises among others have featured prominent among Sub-Saharan Countries. To make this case, the study will proceed in three phases (1) the study will embark on case studies from Sub-Saharan countries (Kenya) where these measures have featured prominently, (2) the impacts of these measures on selected Sub-Saharan countries (3) the debate concerning the appropriateness of Structural Adjustment Programs for Sub-Saharan African countries which continues to be unabated despite nearly three decades of adjustments. This study will consult academic publications, government reports, and financial reports from International Monetary Fund (IMF) and World Bank (WB) among others. This study will contribute to the ongoing discussion and debates on economic policies and developments in Sub-Saharan Africa which has been singularly dominated by Structural Adjustment Programs (SAPs). The study will conclude with policy recommendations with regard to the subject area.