Sub-Saharan Africa Worst Affected by Illicit Cash Flows
- China Xinhua 2016
- 2p.
This is an article in which Mojanku Gumbi, advisor to former South African president Thabo Mbeki revealed that about $90 billion may be illegally taken out of Africa every year.She argued that the value represented almost 1.5 times of what the continent received in foreign direct investment every year. The capital flight is in forms of the proceeds of crime, tax evasion and corruption.
