African experts discuss strategies to stem illicit financial flows

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

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

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