G7-based companies and investors cheated Africa out of an estimated six billion dollars in a year through just one form of tax dodging, according to a new Oxfam report ‘Money talks: Africa at the G7’
, released Jun. 2.
Reports this year of illicit moneys from African countries stashed in a Swiss bank – indicating that corruption lies behind much of the income inequality that affects the continent – have grabbed international news headlines.
Over a month after flash floods in the Himalayan state of Uttarakhand in north India left 1,000 dead and 6,000 missing, the government has yet to release a full agricultural impact assessment, sparking fears about the extent of damage to the region’s farmland.
The U.N. Food and Agriculture Organisation (FAO) has long warned that a quarter of the world’s farmland is “highly degraded".