Tag Archives: Africa Progress Panel

Africa Loses $50bn a Year in Plundered Resources

Africa is losing 50 billion dollars or 5.7% of sub-Saharan Africa’s gross domestic product (GDP) each year due to unending plunder of its forests, fisheries and other resources by corrupt officials and foreign investors, says a major new report on the continent.   Africa’s rich natural resources offer a unique opportunity for a breakthrough in improving the lives of Africa’s citizens …

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