Why Poverty? Stealing Africa

Why Poverty? Stealing Africa

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Review

Zambia has huge copper reserves that are making commodities companies like Glencore rich, yet Zambia itself is one of the world’s poorest countries. Why is the money – mainly in the form of tax revenue – bypassing Zambia and heading straight into the coffers of cantons in Switzerland?

Film-maker Christoffer Guidbrandsen reveals the complex trail of tax avoidance by which the likes of Glencore CEO Ivan Glasenberg can earn billions while most Zambians are living on less than $2 a day. It’s a sorry tale.

Summary

Christoffer Guldbrandsen investigates how the CEO of commodities giant Glencore is paying tax in Switzerland rather than in Africa, where the copper mines that generate the company's wealth are located. As a result, the Swiss village of Ruschlikon has more money than it needs, while in Zambia, 60 per cent of the population lives on less than $1 a day and 80 per cent are unemployed. Part of Why Poverty? season.
Documentary