Why Tackling Illicit Financial Flows Offers Energy and Climate Opportunities for Africa
- Dakar OSIWA 2015
- 3p.
This article notes that African governments lose billions of dollars in revenues each year through illicit financial flows. Dishonest companies use offshore accounts, trade mispricing and tax avoidance to pump out money that should be meeting the continent's needs - including its huge unmet need for modern energy. So tackling illicit flows offers a key opportunity to bridge Africa's energy infrastructure gap.
Illicit Wealth, Offshore, Trade Mispricing and Tax Avoidance
