Last week, outgoing U.S. President Barack Obama returned to Chicago and delivered his grateful farewell to the American people. Read the full text of Obama’s farewell speech as provided by the White House.
There is nothing to celebrate about the US$260 million Africa recently netted by cracking down on tax avoidance. The figure pales in comparison to the billions the continent losses to “illicit financial flows” every year thanks to corporate tax avoidance by multinational corporations, corruption by African officials, and African countries’ weak audit capacities.
Robert Mugabe’s controversial landslide victory over longtime political rival Morgan Tsvangirai during Zimbabwe’s 2013 election translated into “the biggest defeat for the United Kingdom’s policy in Africa in 60 years.”
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