Honest Accounts 2017: How the world profits from Africa’s wealth

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Publication Date: 
25 May 2017
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Africai is rich – in potential mineral wealth, skilled workers, booming new businesses and biodiversity. Its people should thrive, its economies prosper. Yet many people living in Africa’s 47 countries remain trapped in poverty, while much of the continent’s wealth is being extracted by those outside it. Research for this report calculates the movement of financial resources into and out of Africa and some key costs imposed on Africa by the rest of the world. We find that the countries of Africa are collectively net creditors to the rest of the world, to the tune of $41.3 billion in 2015.1 Thus much more wealth is leaving the world’s most impoverished continent than is entering it.