Afrikan Perspectives, pan-afrika pan-africa hotep african liberation | Foreign firms’ lucrative link in Africa’s rampant poverty

Foreign firms’ lucrative link in Africa’s rampant poverty

A report released about a month ago, but which for some reason did not make headlines in the African media, shows that while African countries receive $161 billion in loans, aid, grants and remittances every year, the continent pays out $203 billion in debt repayments, multinational company profits, illicit financial flows, and illegal fishing, among other…

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