As we enter the age of the African Renaissance, Your Excellencies, with the greatest respect, it is incumbent upon you, to ensure that the African Continental Free Trade Area (AfCFTA) completely bans the use of special purpose offshore vehicles established by investors, to do business, with, across the continent, without exception.
Tax havens, such as those registered and domiciled in places such as Mauritius and Luxembourg, serve one purpose only: To enable sundry rogues and ruthless grifters, to come and rip off Mother Africa and her most successful innovative entrepreneurs.
We don’t need investors who are amoral, callous, exploitative of workers, and whose company cultures are underpinned by criminality, and guided by a strategy of unparalleled-egregious corruption.
After all, is the AfCFTA not the world’s largest free trade area, in terms of the number of member countries (55), territory, and population? And, does it not connect 1.3 billion people, across 55 countries with a combined gross domestic product (GDP) valued at US$3.4 trillion?
Enough, really is enough, Excellencies. Take swift action to completely ban tax haven-domiciled special-purpose vehicles from Africa. Now. Not tomorrow. Haaba.
