African experts discuss strategies to stem illicit financial flows

by | posted in: Africa, African Union-Union Africaine, Afrique |

Financial experts, analysts and lawyers from around Africa met in Nairobi to discuss strategies to curb illicit financial flows from the continent, which deny states revenue estimated at US$50 billion annually, through tax evasion by foreign multinational corporations. Experts from … Read More

Rwandan minister concerned about Africa’s US$50 billion annual losses

by | posted in: Africa, Afrique |

The estimated US$50 billion being lost annually by Africa due to illicit financial flows should be a source of concern to the continent, especially as access to finance and capital was a key constraint to growth and economic development, Rwanda’s … Read More

Mbeki urges action plans to tackle illicit financial flows from Africa

by | posted in: Africa, Afrique |

New York, US (PANA) – Addressing billions of illicit financial outflows from Africa is imperative as the continent needs domestic resources for its development, says the former President of South Africa, Thabo Mbeki, who chairs a United Nations panel on … Read More