According to the report, if other countries keep looting Africa at the same rate, over the next 10 years the African people will lose $580 billion.

“Common understanding is the UK ‘helps’ Africa through aid, but in reality this serves as a smokescreen for the billions taken out,” said Martin Drewry, director of Health Poverty Action. “It’s sustained looting – the opposite of generous giving – and we should recognize that the City of London is at the heart of the global financial system that facilitates this.”

“The amount of resources flowing out of Africa demands we rethink the idea that Africa is impoverished,” the report continues. “Millions of ordinary Africans are certainly poor, but they are being kept so by a combination of bad policies and immoral or criminal activities perpetrated by elites both inside and outside the continent.

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