The African Development Bank (AfDB) and the Coalition for Dialogue on Africa (CoDA), an independent African forum, announce a three-year project to help curb money laundering, bribery and other illicit financial flows (IFF) in African nations. The formal launch of the African Financial Integrity and Accountability Support Project (AFIAP) was…
Laureen is the editor of Africa Times
A new report from UNCTAD, the United Nations agency on trade and development, finds that African nations are losing an estimated US$88.6 billion every year in illicit financial flows (IFFs) across borders. IFFs are movements of money and assets that are illegal in source, transfer or use. These losses approach…
President Hage Geingob of Namibia made a case for continued investment in Africa during Tuesday’s World Investment Forum in Geneva, while defending the role of China in building and funding much-needed infrastructure. Geingob was participating in the Global Leaders Investment Summit led by Mukhisa Kituyi, the secretary general of the United…