African big business practices improving – slowly

The Africa Progress Panel, a Geneva-based think tank, says mining deals in Africa are slowly becoming more transparent.

Caroline Kende-Robb, the Panel’s executive director, points out that a country like Guinea is now publishing contracts online.

She cautions, however, that illicit business practices like tax avoidance, tax evasion, and trade mispricing are costing African governments billions of dollars every year.

She told RFI’s Michel Arseneault that mispricing — lying about the true value of exports and imports to avoid taxes — is still widespread.

Listen to Ms. Kende-Robb’s interview here.

Published in: RFI

Photo credit: Gwenn Dubourthoumieu

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