Africa loses over $192b each year through profit repatriation and tax dodging by foreign companies, a new report by like-minded continental civil society groups led by Health Poverty Action, and Curtis Research, a UK-based research firm, has indicated.
The July 2014 report, "Honest Accounts? The true story of Africa's billion dollar losses" that was released last week, also indicates that the continent suffers a net loss of $58b a year compared to $30b it receives in aid from development partners.
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