£5bn illegally taken out of Zambia over past decade, says report

Campaigners say most of the siphoned money ends up in tax havens and can be traced to mining multinationals

Rupert Neate The Guardian, Tuesday 18 December 2012

More than £5bn has been illegally siphoned out of Zambia over 10 years, with most of it ending it up in offshore banks and tax havens, […]

Bishop Stephen Mungo, the EU, transparency and poverty in Africa.

From The Guardian UK , 30th March, 2012

Greater transparency can shed light on the murky world of resource corruption.

The EU needs to introduce robust transparency laws if Europe is serious about improving the lives of the world’s poorest Africa is considered to be the most economically underdeveloped continent. It holds significant reserves […]

Productivity Commission Hearing puts a spotlight on the operation of Australia’s Export Credit Agency

Tuesday 27 March, 2012

Yesterday Jubilee Australia’s deputy director gave testimony to a Productivity Commission hearing about the impact of Australia’s export credit operations on less-developed nations, including the accumulation of excessive sovereign debt. The Productivity Commission’s Draft Report, released last month, incorporates key Jubilee Australia’s recommendations, including proposing new measures to address public […]

Elites Loot Africa While Foreign Debt Mounts

Global Financial Integrity hosts an interesting article from the website, Financial Integrity Task force. It come from Yale Global. Its authors are James Boyce and Léonce Ndikumana. They say:

It was an African equivalent of stealing the Brooklyn Bridge, and for four years, nobody noticed. From 2007 to 2010, $32 billion in public funds […]


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