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Zimbabwe loses $2.5 billion in capital flights

by Staff reporter
12 Apr 2017 at 07:22hrs | Views

Zimbabwe is believed to have lost over $2.5 billion in capital flights and trade misinvoicing between 2008 and 2013 due to the country's controversial empowerment laws, a local think tank has said.

Zeparu revealed that unrecorded capital outflows occur through trade with different countries including Canada, China, Germany, Greece, Italy and United States.

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Source - dailynews