What is WEF Africa 2015?
Africa's economy is "rising", but countries across the continent remain blighted by poverty and inequality. It is among the world's fastest-growing continents, but the rich world is reaping the rewards of this growth, as billions of dollars a year flow out of Africa. This is depriving it of vital revenue that could enable it to fund healthcare and education for all, and invest at scale in sustainable agriculture.
Securing Africa's economic rise is top of the agenda at the 25th World Economic Forum-Africa (WEF) in Cape Town this week. Oxfam is calling on business and political leaders to demand an intergovernmental tax body to reform the global tax rules that allow multinational companies to dodge taxes and that incentivize a "race to the bottom" for the lowest corporate taxation locations, resulting in harmful tax competition.