Ethiopia Lost US$11.7 Billion in Illegal Capital Flight Between 2000 and 2009

Ethiopian dictator Meles Zenaw with his wife Azeb Mesfin: From rebellion to tyranny and corruption

By Global Financial Integrity,

WASHINGTON, DCCorruption, kickbacks and bribery are on the rise in Ethiopia, according to a forthcoming report from Global Financial Integrity, a Washington-based research and advocacy organization.  According to the study, illicit financial flows out of the Ethiopia nearly doubled to US$3.26 Billion in 2009 over the previous year, with corruption, kickbacks and bribery accounting for the vast majority of that increase. Continue reading