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$50 Billion Stolen From Africa By Foreign Firms Annually

AFRICANGLOBE - Global economy commentators say that Africa is currently raising but the billions of dollars that the continent is losing could, halt that rise, if not stopped. Experts say there's a good reason to be worried because the amount of outflows of revenue from Africa are higher than the amounts received by the continent, annually in development aid and much greater than amounts raised annually by most African governments in taxes.

Africa Loses $60 Billion A Year Illegally

AFRICANGLOBE - Companies and government officials are illegally moving as much as $60 billion out of Africa each year, according to a report released Sunday, depriving the world’s poorest continent of capital and tax revenue that could spur faster economic growth.

As Discontent With The ANC Increases, EFF Offers A Sober Alternative

AFRICANGLOBE - The issue of resource ownership has never been more relevant as it is today to the ordinary South African. It is apparent that the means of production have remained in the hands of the White minority, and the country is a reflection of the chasm between those living in plenty, and those of barely getting by.

Thabo Mbeki Spills The British Beans

AFRICANGLOBE - I am hardly surprised by Thabo Mbeki’s recent revelations about an attempted British military intervention in Zimbabwe. What Mugabe did to the White farmers angered the White establishment. Although they feign a righteous concern over human rights and democracy, the real issue is bitterness over land. They are inconsolable.

Africa Loses U.S. $50 Billion Annually to Illicit Fund Flow

AFRICANGLOBE - The Chairman of the United Nations High Level Panel on Illicit Financial Flows from Africa, Thabo Mbeki, has said that the continent loses, at least, $50 billion annually through illicit fund flows.

Africa Loses Billions in Illicit Money Laundering

AFRICANGLOBE - Former South African President Thabo Mbeki says Africa is losing billions in development funding each year due to illicit capital outflows and money laundering.

Well Done Thabo Mbeki

Former South African President Thabo Mbeki should be commended for his insightful, factual and uplifting speech at the Diamond Conference in Victoria Falls, Zimbabwe...

Zimbabwe Delayed Land Reform to Save South Africa From Prolonged Apartheid

AFRICANGLOBE - Zimbabwe delayed carrying out its land reform programme to avoid scarring White South Africans at a time the country was negotiating the end of apartheid, former SA president Thabo Mbeki has said

Former South African President Thabo Mbeki Criticizes Zuma’s Leadership

South Africa’s influential former president Thabo Mbeki, who succeeded Nelson Mandela as the leader of South Africa, gave a rare speech in which he voiced his...

Mbeki Calls for Closer Economic Cooperation Among African States

Former South African President, Thabo Mbeki this week said African regional economic intergration is one of the fundamental conditions for the success of African...

Africa’s Youth Should Rebel Says Former South African President Thabo Mbeki

The youth of the African continent should prepare themselves for a rebellion against their older generation and claim their leadership role Thabo Mbeki said...

African Agenda Stalled Says Frank Chikane

Former director-general in South Africa's Presidency Frank Chikane believes that the African agenda once spearheaded by former President Thabo Mbeki is losing momentum and...

African Union – The Power To Resist Foreign Intervention (II)

AFRICANGLOBE - Of course we can also cite other very negative developments which took place in Africa during the period of the Cold War, where these developments must be attributed to administrations which the Soviet Union supported as progressive representatives of what was characterised as the 'non-capitalist path of development'. In this regard we can mention specifically the Sekou Toure administration in Guinea Conakry, and the Ethiopian 'Dergue', led by Mengistu Haile-Mariam.

South Africa’s Arms Deal Probe – Is Thabo Mbeki the Target?

President Jacob Zuma's surprise announcement of a probe into an arms deal that took place during the Presidency of Thabo Mbeki could provide proof that Mbeki is indeed on the political comeback trail - and presents a real and present danger to Zuma's fate post-2012.