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Africa is rich—rich in copper, oil, gold, diamonds, and people. But its wealth flows out while its people remain in poverty.
Stealing Africa
Release date: November 28, 2012 (Finland)
Director: Christoffer Guldbrandsen
Writer: Niels Borchert Holm
Stars: Christoffer Guldbrandsen, Bernhard Elsener, Ivan Glasenberg
Country of origin: Denmark
Language: English
Also known as: Plundringen av Afrika
Filming locations: Rüschlikon, Horgen, Kanton Zürich, Switzerland
Production companies: Guldbrandsen Film, The Why Foundation
Stealing Africa explores the mechanisms that keep the continent poor long after the end of formal colonial rule—revealing how modern multinational corporations, global tax havens, and unjust trade systems continue to extract resources and wealth on a massive scale.
At the center of the story is Zambia, home to the third largest copper reserves in the world, yet a country where 60% of the population survives on less than $1 a day and 80% are unemployed. Meanwhile, in the idyllic Swiss village of Rüschlikon, local government coffers overflow thanks to one resident: Ivan Glasenberg, CEO of Glencore, a commodities giant whose Zambian copper mines generate billions—but almost no tax revenue for Zambia.
Through extensive research and access to public financial records, the documentary uncovers how multinational corporations legally avoid paying taxes through transfer pricing, offshore shell companies, and favorable tax treaties. The result? For every dollar in aid Africa receives, ten dollars quietly vanish—spirited away through financial flows that benefit corporations and wealthy nations.
Stealing Africa is not just a film about economics—it’s about power, inequality, and accountability. It lays bare the modern architecture of plunder and asks the crucial question: What does it mean to be "post-colonial" when the money still flows in the same direction?
Produced by Steps International, this documentary is part of the “Why Poverty?” series and remains a vital watch for anyone interested in global justice, development, and the real cost of globalization.
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African American has DNA roots to Egyptian Pharaoh Ramesses III, great story.
In an interview in Kinshasa with journalist Hariana Verás Victória, White House correspondent for Africa, President Félix Tshisekedi welcomed the U.S. administration's initiative to establish a peace agreement between the Democratic Republic of Congo (DRC) and Rwanda. The President hopes that this approach will be successful in ending the "unjust war imposed on the DRC for economic reasons." In this interview, the President also addressed issues related to good governance, the fight against corruption, and investment opportunities in the DRC. #tshisekedi #congo #rwanda #rdc
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President Cyril Ramaphosa's recent trip to Washington, initially aimed at securing renewed US trade ties and investment, turned into a high-stakes diplomatic showdown with Donald Trump.
The former U.S. president used the meeting to amplify discredited claims of a "white genocide" in South Africa, citing EFF leader Julius Malema in his case.
While Ramaphosa was criticized by some for not forcefully refuting Trump's allegations, his composed demeanor and diplomatic poise have drawn praise from some quarters.
For more let us talk to Dr Arikana Chihombori Quao, Pan-Africanist and Former African Union Ambassador to US.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
Africa is waking up to the Chinese. Check out this video.
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The police are currently overwhelmed
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Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana, addresses the general debate of the 78th Session of the General Assembly of the United Nations (New York, 19 - 26 September 2023).
The UN General Assembly (UNGA) is the main policy-making organ of the Organization. Comprising all Member States, it provides a unique forum for multilateral discussion of the full spectrum of international issues covered by the Charter of the United Nations. Each of the 193 Member States of the United Nations has an equal vote.
The United Nations is an international organization founded in 1945. Currently made up of 193 Member States, the UN and its work are guided by the purposes and principles contained in its founding Charter.
The UN has evolved over the years to keep pace with a rapidly changing world.
But one thing has stayed the same: it remains the one place on Earth where all the world’s nations can gather together, discuss common problems, and find shared solutions that benefit all of humanity.
General debate website: https://gadebate.un.org/
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