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Forget the Camerons, the African giveaway is the real Panama Papers story

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Offshore accounts have helped people get rich off the continent’s natural resources – just not ordinary citizens

Revelations about the tax affairs of David Cameron’s late father are a sideshow in the Panama Papers saga, diverting attention from an offshore heist that has seen billions of dollars siphoned out of Africa.

For 15 years, the continent’s vast wealth of natural resources have been a magnet for foreign investment, much of which has been channelled through offshore centres including the British Virgin Islands.

Related: Guinea to strip Beny Steinmetz company of mining concessions

Related: Tanzanian PM under pressure to resign over alleged fraudulent payments

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