Africa Loses $50 Billion a Year Through Tax Avoidance, Fraud

Africa's money that could be used to improve lives and reduce poverty is leaving the continent through illicit financial flows defined as money illegally earned, transferred and used.

Pile of coins.

  • Africa:   Tackling Africa's Illicit Finance Flight

    Daily Maverick, 19 May 2015

    This week, delegates from across the world are meeting at the University of Johannesburg to discuss financial transparency and human rights. It sounds boring, but tackling illicit… Read more »


Follow AllAfrica

AllAfrica publishes around 600 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.