Africa loses up to $70 billion a year through illicit financial flows — the illegal movement of money out of Africa countries, mostly by transnational corporations.
As the World Bank and IMF meet in Washington for their annual Spring meetings, Africans Rising asks: what are they doing to help stop transnational corporations from cheating African nations out of revenue due to them? Are they complicit in their silence?
Africans Rising’s Jesh Latchman explains the issue on South African Broadcasting Corporation (SABC) TV’s “Newsroom” programme, as well as plans for the movemeent’s official launch.
