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Africa: Why Are We So Poor? Yet We Are So Rich?
allAfrica, 12 August 2014
Briggs Bomba calls for domestic resources to be mobilized to bring about inclusive development in Africa, in particular by stopping the illicit flow of money out of the continent. Read more »
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Africa: Africa Loses U.S.$555.6 Billion to Illicit Financial Flows Yearly
Daily Trust, 5 August 2014
Illicit financial flows from Africa cost the continent roughly $555.6bn (N88.73trillion) annually over the past decade, Global Financial Integrity (GFI) has said. Read more »
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Uganda: U.S. Pledges U.S. $37 Billion to Africa As Push for Transparency Deepens
Observer, 7 August 2014
As a number of African leaders flew out of Washington this week with a $37bn investment pledge from American companies, a group of civil society organizations held closed-door… Read more »
Africa: Resource Rich, People Impoverished
By exploiting weaknesses in investment contracts and loopholes in valuation, pricing and taxation regimes, corporations are able to use all sorts of devices to minimize their tax exposure and illicitly move capital out of the region to preferred "tax haven" jurisdictions, writes Briggs Bomba of TrustAfrica.
InFocus
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The true financial relationship of wealthy countries with Africa ... is a relationship in which the world doesn't aid Africa, but in which Africa aids the world, writes Judith ... Read more »
A man holds a piece of gold mined and processed in Zamfara State.
