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African invoice fraud hampers development of poorest nations

Kenyan children play at the sprawling Mathare slum, one of the largest and poorest in Africa. Photograph: Antony Njuguna/Reuters More than $60bn (£36bn) has been illegally siphoned out of Uganda, Ghana, Mozambique, Kenya and Tanzania over 10 years, with most of it squirrelled away in tax havens, according to a report by financial transparency campaigners. Washington-based group Global Financial Integrity (GFI) said the “enormous amounts of money” drained out of the countries equates to more than double the international aid money they receive and is stymieing efforts to lift millions of people…