Illicit financial flows from Africa Hidden Resource for Development Global Financial Integrity (GFI)

Link: http://www.gfip.org/storage/gf...
Source: Global Financial Integrity (GFI)

More than £1tn may have flowed out of Africa illegally over the last four decades, most of it to western financial institutions, according to a new report. Even using conservative estimates, the continent lost about $1.8tn (£1.18tn) – meaning Africans living at the end of 2008 had each been deprived of an average of $989 (£649) since 1970, according to the US-based research body Global Financial Integrity (GFI).

The report says globally in recent years much attention has been focused on corruption – the proceeds of bribery and theft by government officials – and this only makes up about 3% of the cross-border flow of illicit money around the world. The proceeds of commercial tax evasion, mainly through trade mis-pricing, contribute 60% to 65% of the global total, while drug trafficking, racketeering and counterfeiting make up 30% to 35%. The report says Africa's percentages are likely to be roughly the same. (The Guardian)

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New arrivals

New titles in our library 12/2016

Our library has aquired a number of new and interesting books. Here is the list of the latest titles.

Blood Brothers: The Fatal Friendship Between Muhammad Ali and Malcolm X by Randy Roberts and Johnny Smith
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Frantz Fanon: Toward a Revolutionary Humanismby Christopher Lee
Americanah by Chimamanda Ngozi Adichie
Why Nations Fail: The Origins of Power, Prosperity and Poverty by Robinson, James A., Acemoglu, Daron
Shakespeare in Swahililand: Adventures With the Ever-Living Poet by Edward Wilson-Lee
A History of Modern Africa: 1800 to the Present by Richard J. Reid
Authentically African: Arts and the Transnational Politics of Congolese Culture by Sarah Van Beurden
Children in Slavery through the Ages by by Gwyn Campbell, Suzanne Miers, Joseph C. Miller
Global Health in Africa: Historical Perspectives on Disease Control by Tamara Giles-Vernick
Rumba on the River: A History of the Popular Music of the Two Congos by Gary Stewart
Women and Slavery, Vol. 1: Africa, the Indian Ocean World, and the Medieval North Atlantic by Gwyn Campbell
Women and Slavery, Vol. 2: The Modern Atlantic by Gwyn Campbell
Cahier d'un Retour Au Pays Natal by Aimé Cesaire
Healing Traditions: African Medicine, Cultural Exchange and Competition in South Africa, 1820-1948 by Karen Elizabeth Flint
Global Education Policy and International Development: New Agendas, Issues and Policies by Antoni Verger
Black Skin, White Coats: Nigerian Psychiatrists, Decolonization, and the Globalization of Psychiatry by Matthew M. Heaton