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Africa: Who Aids Whom? True Story of U.S.$192bn Losses
ThinkAfricaPress, 15 July 2014
Research released by a coalition of African and UK partners reveals that Africa loses almost six and a half times the amount of money that it receives in aid. Read more »
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Africa: Illicit Financial Flows - Africa Loses Over 50 Billion U.S. Dollars Yearly
Cameroon Tribune, 6 June 2014
Thabo Mbeki, the former President of South Africa and Chairperson of the High-Level Panel on Illicit Financial Flows from Africa summarized the stakes of the triennial general… Read more »
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Africa: Africa - Fraudulent Trade And Tax Evasion
AfricaFocus, 26 May 2014
"The fraudulent misinvoicing of trade is hampering economic growth and potentially resulting in billions of U.S. dollars in lost tax revenue in Ghana, Kenya, Mozambique, Tanzania,… Read more »
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Africa: Lawyers Discuss Illicit Flows of Money From Africa
VOA, 9 June 2014
African lawyers say they are committed to bringing back money illegally taken out of the continent. During a meeting in Cameroon's capital Yaounde, former South African President… Read more »
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Ethiopia: Misinvocing - a Trade Practice or Embezzlement?
Addis Fortune, 8 June 2014
Lately, the media has been replete with stories about how countries are losing billions of dollars a year through a process called trade misinvoicing. The concept of trade… Read more »