Africa is rich in natural resources yet it is rarely Africans (save some corrupt officials) who get rich off their extraction. Meanwhile the missing cash risks fueling conflict across the continent. Transparency could change that. It could re-route revenues to kickstart economies and invest in jobs, health and education.The United States—prodded by activists like the ONE Campaign and visionaries like George Soros—recently passed historic legislation requiring energy companies to “publish what they pay” to officials. This is big. Could be even bigger than debt cancellation, in terms of the money it frees up for Africa’s fight against poverty. It doesn’t cost the U.S. a single dollar, and it wouldn’t cost France or Europe a single Euro to enact the same law and make it binding.
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