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Africa loses $40bn annually to illicit financial flows in extractive sector – ECA
Home » News » Africa » Africa loses $40bn annually to illicit financial flows in extractive sector – ECA

Africa loses $40bn annually to illicit financial flows in extractive sector – ECA

NewsDirect 07/06/2025 12:23

The United Nations Economic Commission for Africa (ECA) says Africa is losing an estimated 40 billion dollars annually to illicit financial flows (IFFs) in the extractive sector. Mr Antonio Pedro, ECA’s Deputy Executive Secretary, in a statement said the trend undermines development and deepens economic inequality on the continent Pedro spoke at a High-Level Policy

NigerianNewsDirect
The United Nations Economic Commission for Africa (ECA) says Africa is losing an estimated 40 billion dollars annually to illicit financial flows (IFFs) in the extractive sector. Mr Antonio Pedro, ECA’s Deputy Executive Secretary, in a statement said the trend undermines development and deepens economic inequality on the continent Pedro spoke at a High-Level Policy […]
The post Africa loses $40bn annually to illicit financial flows in extractive sector – ECA appeared first on Nigerian NewsDirect…
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