Africa’s political elites have built the same wealth plundering structures as the colonialists

The story of corruption in Africa is not new: tens of millions of dollars missing from Kenya’s ministry of health; billions in mining exports never reaching government coffers in the DR Congo; and cabinet members in Nigeria using bribes received in exchange for lucrative government contracts to buy condos in New York and Paris. Corruption is so endemic in Africa that even presidents have publicly expressed their helplessness in fighting the vice.

Yet, a new transnational report shows the systemic nature in which African oligarchs break down existing governance structures in order to loot national wealth. The investigation, carried by the African Investigative Publishing Collective (AIPC) in partnership with Africa Uncensored and ZAM magazine, shows how clientelism and favoritism have badly impacted the state budgets and economies in seven African nations.

Titled The Plunder Route to Panama, the report picks on the huge trove of leaked data

... read more at: https://qz.com/1100874/panama-papers-how-african-oligarchs-use-colonial-methods-to-plunder-the-continents-wealth/

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