Over 4.7 million people in northeast Nigeria are in dire need of basic amenities like food, water and shelter, says Oxfam
“We estimate there’s $500 billion hidden in tax havens…enough to educate all the 30 million African children who are currently out of school”
Most firms working with World Bank in Africa use tax havens - and it doubled investment in them: Oxfam
A total of 51 out of 68 companies that receive such funds from the World Bank's private lending arm IFC for sub-Saharan Africa used tax havens
Oxfam report reveals just how desperate the situation has become. and in one district, 13,500 people are relying on one borehole for water.
New Oxfam report: Richest 1% own more than the rest of us—and Africans have as much as 30% of their wealth in tax havens
The inequality in South Africa is particularly staggering: just two men own the same amount of wealth as the poorest 50% of the population.
Wealth inequality is reflected in appalling rates of child stunting. In Malawi and Zambia it's above 47% – among the highest in the world.
Tax avoidance by big companies costs Africa tens of billions of dollars in revenue every year, continent's leaders say at big meeting in Addis.