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Honest accounts? The true story of Africa’s billion dollar losses

Jubilee Debt Campaign, along with ten other organisations, including Health Poverty Action and the African Forum, has published research which reveals Africa is losing $192 billion every year to the rest of the world – almost 6 and a half times the amount of ‘aid’ given back to the continent. This research is the first attempt to calculate Africa’s losses across a wide range of areas. These include: illicit financial flows; profits taken out of the continent by multinational companies; debt payments; brain drain of skilled workers; illegal logging and fishing and the costs incurred as a result of climate change.

Read the 9-page briefing

Read the 40-page report

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