UK and wealthy states revel in their generosity while allowing their companies to plunder Africa's resources,say NGOsWestern countries are using aid to Africa as a smokescreen to shroud the "sustained looting" of the continent as it loses nearly $60bn a year through tax evasion, climate change mitigation, or the flight of profits earned by foreign multinational companies,a group of NGOs has claimed.
Although sub-Saharan Africa receives $134bn each year in loans, foreign investment and development aid, or research released on Tuesday by a group of UK and Africa-based NGOs suggests that $192bn leaves the region,leaving a $58bn shortfall.
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Source: theguardian.com