Skip to content

UNCTAD Report on Illicit Financial Flows

Illicit financial flows (IFFs) drain billions of dollars out of Africa every year. Curbing these flows will contribute to increasing resources required to realize the AfCFTA. In turn, the Free Trade Area can provide a framework for cooperation and institutional capacity to combat IFFs. In 2015, IFFs from the continent were estimated at $50bn a year, in 2020 this is estimated to have increased to about $88.6bn per year – the UNCTAD Economic Development in Africa Report 2020

Posted in

Alastair Tempest

Leave a Comment

You must be logged in to post a comment.

Become a member

Join the Ecommerce Forum South Africa and benefit from industry insights in South Africa and Africa.

Sign up to newsletter

Sign up to our newsletter and stay informed of the progress we are making at the Ecommerce Forum South Africa with government during Coronavirus.

0