by Alicia Aleman Arrastio A long and bloody shadow of violence and poverty covers the history of many resource-rich countries. That shadow has also been named a curse by some authors, the media and part of the public opinion: the natural resources curse. According to that thinking, the richer a country is in natural resources …
Offshore Shell Companies Deprive Africa of Billions of Dollars in Natural Resource Revenue
New revelations from the Panama Papers indicate that offshore shell companies had been established to own, hold, or do business with oil, natural gas, and mining operations in 44 of Africa’s 54 countries. The shell companies provide anonymity, facilitating tax evasion and the unchecked movement of bribe money used to secure lucrative extractive industry contracts. …
Offshore Shell Companies Deprive Africa of Billions of Dollars in Natural Resource RevenueRead More