TheCable illegal outflow Archives

Tag "illegal outflow"

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Mbeki says Africa loses $50bn yearly to illegal outflow

Former South African President Mr Thabo Mbeki on Wednesday said the African continent lost about $50 billion through illegal financial outflow of funds from the continent.Mbeki said this at a High Level meeting on "Tackling Illicit Financial Flows and Inequality in Africa", on the sideline of the World Economic Forum (WEF) on Africa in Abuja.According to him, the main channel [...]