Research from PERI's African Development Policy program is featured in this article in the Financial Times.

"During the boom years of the commodities supercycle, fast-growing African economies produced a growing class of millionaires and billionaires. 

Now, with the revelations of the Panama Papers, the rich and famous worldwide are squirming uncomfortably as their financial laundry gets a public airing.

Africa has a particular problem with capital flight. Though difficult to track because of its secretive nature, between 1970 and 2010 an estimated $814bn flowed out of the continent, according to the Political Economy Research Institute at the University of Massachusetts. Much of this was moved by businesses, though private wealth also plays a part."