Tag Archives: multinational corporations

Curtailing Capital Flight from Africa

Each year Africa loses more money than it receives through official development aid. A great deal of the money ends up in the rich North, through dark channels. As a result, the poorest continent of the world is ironically the net creditor of the world. Professor Léonce Ndikumana, one of the leading experts on the issue of capital flight and development, examines the mechanisms through which African money is leaving the country and outlines strategies to address the problem- both in the Northern and the Southern hemisphere.