Africa Loses $50b Yearly Via Tax Avoidance.

This money, usually made from laundering proceeds of crime, abuse of power, market or regulatory abuse with a considerable portion emanating from tax abuse, comes from commercial and criminal activities, and abuse of entrusted power through corruption.

Companies may hide wealth, avoid taxes and dodge custom duties through transfer pricing and trade mispricing. “Underreporting of profit and misinvoicing of services are also common practices.

Criminals make their money by keeping transactions from view of law enforcers through trafficking of people, drugs and arms, smuggling of oil and minerals.”

Source

The 30 Year-Old Nigerian Mobile Phone Entrepreneur Who Is Challenging Apple In Africa! A Must Read.

Michael Akindele, a 30 year-old Nigerian, is a director and a co-founder of SOLO Phone, an experience-driven digital content and smartphone company focused on delivering the best content and services on the mobile platform to African consumers.

Incredible Performance By African Future Boy Band

 Watch the innovative and cutting edge performance by some talented kids. These kids made instruments out of waste and garbage to perform and entertain themselves and bystanders. Don't be surprise if you see them on Channel O or Trace TV  soon, just holla at your boys. Click here for the video of their performance.