Africa: Cleaning Up

analysis

What is the extent of corruption in Africa? The recent Global Corruption Barometer shows that 12 of the 13 countries with the worst record of bribery are in Africa. The African Union estimates that 25% of the GDP of African states, or some $148 billion, is lost to corruption every year on the continent.

The African Development Bank (AfDB) estimates corruption costs Africa up to 50% in lost tax revenues and over $30 billion in aid, annually. As a comparison, Africa receives around $22.5 billion in development aid from industrial countries (pre-2007/2008 global financial crisis figures), according to the Organization for European Economic Cooperation and Development (OECD).

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