Report: $60 Billion Leaves Africa Illegally Each Year

Marthe van der Wolf, VOA ADDIS ABABA, ETHIOPIA—More than $60 billion leaves the African continent every year through illicit financial flows, and the amount keeps on growing. A report with recommendations for African countries was presented Sunday. A new report says African countries need to take concrete measures to stop billions of dollars from illegally

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How fast is Africa really growing?

Financial Times By Razia Khan of Standard Chartered Bank Africa is rising, but poor data availability means that we can’t be sure by how much. There are proxies that help shed some light. Chinese customs data show that Africa-China trade ballooned to $210bn last year from $5bn-$7bn at the end of the 1990s. Lending to

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