Africa Is Bleeding and It Has to Stop

24 September 2014
opinion

The ONE Campaign recently released a report called The Trillion Dollar Scandal, which looked at how mainly African countries were losing a trillion dollars a year, especially from the mining and natural resources sector, to corruption, illicit financial flows, money laundering, tax evasion and phantom firms.

The report reveals that at least a trillion dollars is taken out of developing countries each year through corruption, illegal tax evasion, the use of shell companies and shady deals to the detriment of development programmes. This is a scandal of immense proportion.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.