President of the African Caucus urges the combat of illicit financial flows in Africa

>A Washington DC-based non-profit organisation that conducts research on national and multilateral policies has called upon the Obama Administration and Heads of State from across Africa to prioritise efforts to curtail illicit financial flows from the continent.

Stunned by the revelation of gross money laundering and tax evasion involving some Tanzanians, the Bank of Tanzania (BoT) is conducting a study on illicit financial flows to determine the extent of the problem, a senior official has said.

How is it that some of the countries endowed with enormous natural resource wealth — like Angola with its huge oil supply, Zambia with its massive copper reserves, or the Democratic Republic of the Congo with its vast mineral deposits — remain some of the poorest nations in the world?

Tanzania: President Kikwete urges Japanese airlines to fly to Africa
African Manager
If Japanese commercial airlines started regular flights to Tanzania or any other Africa country, holidaymakers from Southeast Asian countries could boost tourism on the continent, according to Tanzanian President Jakaya Kikwete. During discussion at the ...
Diplomats Present Credentials to KikweteAllAfrica.com

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Cristina Duarte, Minister of Finances and Planning, Republic of Cabo Verde.

“No other institution is better suited than the AfDB to give Africa the needed boost to reach the promised land” – Cristina Duarte*

 As we celebrate Africa Day, it gives me great pleasure to congratulates our continent for the remarkable vision it has had by embarking, decades ago, in a project aimed at achieving its unity. This year’s Africa Day coincides with the return to its headquarters of the prime...

Parliamentary Inquiry on the extent of tax evasion/avoidance, use of tax havens and illicit financial transfer has started

During its 10th annual conference, Southern Africa Development Community organization of Public Accounts Committees a resolution was passed that ” PACs or similar committees should encourage their member states to pass legislation to control the use of tax havens by companies and individuals in order to curb illicit money transfer and tax avoidance/evasion“.

The...

By Isaac Malugu
The Forest Stewardship Council (FSC) is an international, non-profit organization founded in 1993 by environmentalists, social interest groups, responsible retailers and leading forest companies to develop standards. These standards are based on the ‘10 principles for forest stewardship’, by which forests can be responsibly managed. They also make sure that environmental, social and economic needs are balanced, and that long-term and healthy forest management plans are put...

Ahead of its summit in June, the AU has elevated the stemming of illegal transfer of capital as a top priority.

Africa loses up to $60 billion (Sh132 trillion) annually to Illicit Financial Flows (IFF), the African Union (AU) Advisory Board on Corruption said at its 18th meeting which wound up at Duluti Hall at Arusha International Conference Centre yesterday.