Europe's contribution to anti-corruption efforts in Sub-Saharan Africa

31 March 2010
John T. Kaninda (External authors) and Stefan Schepers (Secretary General of independent tripartite High Level Group on Innovation Policy Management)

Following on from the publication of the World Bank Report on ‘quiet corruption in Africa’ this EPC Policy Brief says corruption is costing African economies $148 billion a year as lax regulations allow socially-irresponsible European companies to milk many Sub-Saharan African countries of their assets. The authors John T Kaninda and Stefan Schepers describe how the European Union is planning to tackle the problem using anti-corruption clauses in the Economic Partnership Agreements, but they suggest that a more effective solution would be to introduce an African-owned and led ‘peer review mechanism’ of all businesses operating in Africa.