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Africa: Trade Misinvoicing, or How to Steal From Africa
ThinkAfricaPress, 6 May 2014
The little-understood practice of misinvoicing or re-invoicing relies on legal grey areas and financial secrecy and costs the continent dearly. Read more »
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Zambia: Tangled Webs and Illicit Flows
ThinkAfricaPress, 6 September 2013
Illicit financial outflows are the missing link between the profits of multinationals and the poverty faced by the majority of Zambians. Read more »
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Africa: Dirty Money Outflow From Developing World Jumped 14 Pct in 2011 - Report
AlertNet, 12 December 2013
Developing countries lost nearly $1 trillion to fraud, corruption and shady business transactions in 2011, far more than the foreign aid they received, and the pace at which dirty… Read more »
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Zambia: Govt to Squeeze More Taxes From Mines
Zambia Reports, 6 February 2013
Government will introduce new measures to boost tax collection from the mining sector, Finance Minister Alexander Chikwanda has said. Read more »
Trade Misinvoicing Costs Africa Dearly
The little-understood practice of misinvoicing or re-invoicing relies on legal grey areas and financial secrecy and costs the continent dearly, writes Brian Leblanc for ThinkAfrica Press.
Rice prices in Cote d'Ivoire are still very high, but government attempts to fix prices are being resisted by traders. Imported rice at the port in Abidjan.
InFocus
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The High-level Panel on Illicit Financial Flows from Africa, headed by former South African President Thabo Mbeki, says an estimated $50 to $60 billion is leaving the continent ... Read more »
