File - Artisanal miners dig for gold in an open-pit concession near Dunkwa, western Ghana February 15, 2011. REUTERS
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Africa can create jobs, improve social services and cut poverty if its governments can stem the $50 billion a year lost in illicit outflows, mainly through multinationals, campaigners said Thursday.If illicit financial outflows were retained in Africa, the world's poorest continent could improve its people's health, education and incomes, six pan-African lobby groups said at the launch of a campaign called "Stop The Bleeding".A U.N. panel led by former South African President Thabo Mbeki has estimated that the $50 billion a year Africa loses in illicit outflows is double the official development aid that flows into the continent.Over the past decade, Africa has enjoyed strong economic growth of around five percent a year, but much of this has failed to benefit ordinary people.
FOLLOW THIS ARTICLE