01064nam a22001217a 4500100001700000245006300017260003000080520065400110650005000764856010800814942000700922999001300929  aMwape ,Nancy  aAfrica losing $60bn through illicit financial flows – AU  aLusakabDaily Mailc2014.  aTHE Africa Union commission says Africa is losing about US$ 60 billion annually from tax evasion and illicit financial flows, which is affecting the continent’s development agenda. Tax evasion and illicit financial flows are complex endeavour that calls for cooperation from stakeholders. Africa is losing about US$60 billion annually through different methods such as transfer pricing or tax evasion. This money can be used for Africa’s development. There are advanced plans to establish a commission on mineral development with Zambia and Zimbabwe to discuss the establishment of the African Mining Vision Centre (AMVC) in a move to curb IFFs.  aTAX EVASION NATURAL RESOURCES GOOD GOVERNANCE  uhttp://iffoadatabase.trustafrica.org/iff/africa_losing_$60bn_through_illicit_financial_flows_–_au.pdf  cCF  c393d393