A recent study produced by Global Financial Integrity (GFI) estimates that $286 billion worth of capital was extracted out of Africa using this process over the past decade.
Investors in Africa are increasingly buying a big-picture story of progress towards a formal and regulated economy with stable politics, the rule of law, independent central banks and stricter accounting rules.
Like most of the world, Ethiopia is actively competing for foreign direct investment (FDI). Any fair observer has to admit that Ethiopia has done much over the last several years to improve itself as an attractive location for someone to relocate a factory, open a company or in general invest.
The launch of the Power Africa initiative aimed at helping the continent double access to electricity.
From 2009 to mid-2014, times were pretty good for African oil exporting countries, like Nigeria, Angola, Algeria, Libya and others. The price of oil surged $130.
This month leaders of Brazil, Russia, India, China and South Africa met in the city of Ufa, in Russia, to launch the group's largest initiative to date – a development bank and a currency pool.