PurposeThe purpose of this paper is to investigate the effect of corruption control on capital flight in the least corrupt African countries.Design/methodology/approachUsing panel data covering the period of 1996-2010.FindingsThe results show that the extent of corruption, the total natural resources rent are statistically significant and affect positively the capital across the pooled, random and fixed effects. Inflation and economic growth are also found to have a negative impact on capital flight. Moreover, the exchange rate has a negative and significant effect on capital flight.Practical implicationsThe findings of this study suggest that the extent of corruption control by responsible institutions can be considered as one of the most effective weapons in the fight against capital flight in the least corrupt African countries.Social implicationsThe paper recommends to the government of the least corrupt countries in Africa to create an enabling political and economic environment for investor’s attractiveness. This, in turn, will reduce the occurrence of capital flight and lead to the sustainable development.Originality/valueThe findings of this study suggest that the extent of corruption control by responsible institutions can be considered as one of the most effective weapons in the fight against capital flight in the least corrupt African countries. The paper recommends to the government of the least corrupt countries in Africa to create an enabling political and economic environment for investor’s attractiveness. This, in turn, will reduce the occurrence of capital flight and lead to the sustainable development.

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This article examines the role played by political governance crises in the relationship between diamond exports and economic growth in the Central African Republic over the period 1978 to 2010. We used changes in constitution and government and politico-military crises (including tensions, violence, and politically motivated protests) as proxies for a political governance crisis. The Autoregressive Distributed Lag Model and Bound Test for cointegration are employed to establish short-run and long-term relationships. The results show different impacts of the proxy of political governance crises in the relationship between diamond exports and economic growth. We argue that, in a bid to ensure that diamonds fuel economic growth, improving governance of the mining sector and the political governance environment must become a core priority of the country's development strategy.