May 27, 2026
The Organisation for Economic Co-operation and Development estimates that Africa loses as much as USD 60 billion each year in illicit financial flows (IFFs). Undoubtedly, the IFFs strip substantial amounts of resources from African countries, and the immediate impact is a reduction in national expenditure and investment. This translates into inadequate public services, including hospitals, schools, national security, and transport infrastructure. It also contributes t ...

