Re-writing the rules of finance
Most African countries have a peripheral capitalist economy with limited access to the financial structure. Hence, as the third-world countries work with multinationals with balance sheets multiple times the sizes of their economies, to get financial recourse, most have ended up signing away their countries and their future generations. However, there is a new tune on the continent, fighting multinational corporations on the grounds of exploitation and repression. It is estimated that every year Kenya loses $558 million (Kes 76.9 billion) in one form or another of tax planning. While the practice is not illegal, multinational companies and Western capitals push through favorable tax policies
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