Sweeping measures to improve transparency and governance are urgently needed to end a scandal that has seen Africa lose an average of $1 billion every week for the past 30 years in illicit financial flows, says Oxfam.
Oxfam executive director Winnie Byanyima will also say today at a special public meeting of political, business and civil society leaders that this hemorrhage of Africa's money - up to $1.4 trillion was lost from 1980-2009 according to recent Africa Development Bank figures[source], or between $50-60 billion each year[source] - requires a global solution, not solely an African one.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article