Offshore Shell Companies Deprive Africa of Billions of Dollars in Natural Resource Revenue

New revelations from the Panama Papers indicate that offshore shell companies had been established to own, hold, or do business with oil, natural gas, and mining operations in 44 of Africa‚Äôs 54 countries. The shell companies provide anonymity, facilitating tax evasion and the unchecked movement of bribe money used to secure lucrative extractive industry contracts. … More Offshore Shell Companies Deprive Africa of Billions of Dollars in Natural Resource Revenue