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
- Ghana: Central Bank working on the stock exchange listing of banks
- Sanlam Morocco announces an increase in profit and a decrease in revenue in 2025
- Absa appoints Sitoyo Lopokoiyit as head of retail banking
- Tunisia: Central Bank maintains its key rate unchanged at 7%
- DRC prepares its first international bond of 750 million USD
- Adama Bictogo: his services denounce false information about an alleged kidnapping
- Insurance: partnership between Cheddid Capital and ESA Paris on training offers in Africa
- Ivorian Koné Mamadou elected president of FANAF
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