• News Bits

    Illegal Money Transfers From Developing Nations Nearing $1 Trillion

    by  • December 17, 2014 • Governance, News Bits, World Bank • 1 Comment

    A nonprofit research organization based in Washington, D.C., estimates that in 2011 — the latest data available — $946.7 billion flowed out of developing countries in various illegal ways, including diversions by corrupt officials and businesses as well as through tax evasion, terrorist transfers and cash moved across borders in the suitcases of traffickers....

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    Woman to Head African Airlines Trade Group

    by  • December 8, 2014 • Africa, News Bits • 

    Fatima Beyina-Moussa, who has been managing director of Equatorial Congo Airlines since its creation in 2011, has been named president of the African Airlines Association, a trade group based in Accra, Ghana. The Congo airline, based in Brazzaville, the capital of the Republic of Congo, serves regional cities as well as Paris and Dubai....

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