Africa's sordid and black capital market: the possessions of Africa's billionaires and millionaires are larger than the consolidated debt of sub-Saharan Africa...
conclusion of a UN report: between 1970 and 1996: African K fled the continent immediately (total amount 187 billion dollar) and was deposited in foreign accounts. There's no reason to think that this changed after '96.
The monney spent by international loans flows thus immediately to Western accounts, controlled by...?
At risk of sounding bizarre, most African nations were run by crooks, thieves, murderers and corrupt "officials" (ref to the death last weekend of Idi Amin Dada, the butcher of Uganda...)
A sad story that will ever end?
