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Multinational companies illegal diversion of funds stymies African development

More than $60bn (£36bn) has been illegally siphoned out of Uganda, Ghana, Mozambique, Kenya and Tanzania over 10 years, with most of it squirrelled away in tax havens, according to a report by financial transparency campaigners. Washington-based group Global Financial Integrity (GFI) said the “enormous amounts of money” drained out…