Africa loses $88.6 billion annually to illicit financial flows (IFFs), a new report shows. The Illicit Financial Flows in Africa—which covered 12 countries shows that this represents 3.7 percent of the continent’s gross domestic product (GDP). Speaking on Thursday (10.04) during the launch of the Audit Report on IFFs in the continent—Kenya’s Auditor General Nancy…...
Trending
- IMF – Senegal: no vote was held on the waiver
- Infrastructure: MBTP SA confirms its presence in the DRC with two structuring projects
- Senegal: 10.1% increase in economic activity in July 2025
- Dividend 2024: Vivo Energy Côte d’Ivoire will allocate 5.390 billion CFA francs to its shareholders
- Senegal: IFAGE launches the first cohort of the Professional Certification in Reinsurance in Francophone Africa
- Casablanca Stock Exchange: Half-year profits soar to $2.53 billion
- Nigeria: Banks revise their savings rates after a record cut in the benchmark rate
- Breaking News: Devastating cyber-attack hits Senegalese tax system – 1 TB of stolen data
Africa loses $89 billion to illicit financial flows
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com