Global Diary

Africa’s K — Kickbacks

How are kickbacks affecting Africa’s development?

How are kickbacks affecting Africa's development?

Takeaways


In societies with a lot of corruption, only the rich — who are in a position to ship their ill-gotten gains offshore — tend to benefit.

Once a year, Transparency International, the world's leading anti-corruption NGO, compiles scores that measure corruption.

In 2004, 146 countries were assessed. According to this index, there was less corruption in Botswana than in Italy — and less in Namibia than in Croatia or Poland.

South Africa and Mauritius also ranked above average. But many African countries are near the bottom of the list. Half of the ten most corrupt countries — according to this measure — are in Africa.

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About Guy Pfeffermann

Guy Pfeffermann is the Founder and CEO of the Global Business School Network. He was formerly the chief economist of the IFC. Follow him @GPfeffermann

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