Panama Papers investigation: Mossack Fonseca linked to shell companies in Africa

Nearly four months after the initial release of the Panama Papers, investigations into the use of offshore accounts to channel illegal funds have now revealed a large-scale network of offshore deals that took place across Africa. Many of these deals expose misuse of corporate power towards paying exorbitant bribes to win control of natural resources on the continent.

On 25 July, the International Consortium of Investigative Journalists (ICIJ) in association with news agencies in 17 African countries released a new series of investigative reports that shed light on the African network of shell companies and secret deals worth billions of dollars in the oil and mineral gas sector.