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Gold mines in Tanzania are operated by EU-based companies (Photo: Julien Harneis)

EU multinationals scamming Africa out of billions, Tanzanian MP says

Tax avoidance loopholes for EU-based multinationals introduced by the World Bank and the International Monetary Fund (IMF) are said to be costing African countries double the amount they receive in foreign aid.

“It is killing us, you cannot now explain poverty in Africa without this and this is the story that has been supressed for so long,” Zitto Kabwe, an MP who is also chairman of the public accounts committee in Tanzania, told this website on Wednesday (30 October)

He said Tan...

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

Gold mines in Tanzania are operated by EU-based companies (Photo: Julien Harneis)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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