AFRICA LOSES $89 BILLION ANNUALLY TO ILLICIT FINANCIAL FLOWS
Wayne Lumbasi Africa is losing billions of dollars every year through illicit financial flows, tax evasion, and corruption. The African Union (AU) estimates that the continent loses around $89 billion annually, roughly 3.7% of its GDP. This money, which could fund schools, hospitals, roads, and other essential services, instead leaves the continent, weakening its economies […]
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