"Extractive industries in Africa = extracted profits"

Despite being home to 20 of the most resource rich nations on earth, most African nations consistently fail to translate their mineral wealth into even a basic standard of living for its citizens...

Hebrews Misomali, a human rights activist from Malawi [says]...“Africa is a continent blessed with natural wealth but the majority of people remain poor and the extraction of its mineral wealth has done nothing for ordinary people.” He says that the combination of tax evasion, tax avoidance and the fact that most value-added production processes take place elsewhere - benefitting the people and companies of those countries - as some of the main reasons why Africa loses so much money through extractive industries. He cites the example of the Kayelekera uranimum mine in Malawi, operated by the Australian mining company Paladin Africa, where no taxes were paid because no profits were ever declared.