Africa loses $40bn annually to illicit financial flows in extractive sector –ECA
June 7, 2025
Africa loses $40bn annually to illicit financial flows in extractive sector –ECA
The United Nations Economic Commission for Africa (ECA) says Africa is losing an estimated 40 billion dollars annually to illicit financial flows (IFFs) in the extractive sector. Mr Antonio Pedro, ECA’s Deputy Executive Secretary, in a statement said the trend undermines development and deepens economic inequality on the[Read More…]