illicit financial flows

Southern African Development Community Loses Billions in Illicit Outflows

The Southern African Development Community (SADC), which comprise 16 member states, loses about 8.8 billion dollars in trade-related illicit outflows and about 21.1 billion dollars in external government debt payments annually, according to a new report released here.

Can Africa Slay Its Financial Hydra?

Thanks to growing investor interest, increasing respect for democratic reforms, and its vast food production potential, the Africa Rising narrative is only getting better.

Natural Capital Investment Key to Africa’s Development

Plugging Africa’s funding gaps to accelerate social and economic development requires a fresh approach to using its natural capital, environment experts said on Monday.

‘Record’ Illicit Money Lost by Developing Countries Triples in a Decade

Developing countries are losing money through illicit channels at twice the rate at which their economies are growing, according to new estimates released Tuesday. Further, the total volume of these lost funds appears to be rapidly expanding.

Zimbabwe’s Rich Fuel Inequality Through Illicit Financial Flows

Zimbabwe has lost 12 billion dollars in illicit financial flows over the last three decades and experts say this illegal practice is perpetuating social inequalities and poverty in this southern African nation.