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News and Ideas

News and Ideas (16)

Dakar le 01 Octobre 2015 – La Fondation TrustAfrica (TA), en collaboration avec l’Institut de Recherche et de Promotion des Alternatives de Développement en Afrique (IRPAD/Afrique) et le Réseau de Développement et de Communications des Femmes Africaines (FEMNET), organisent les 07 et 08 Octobre 2015, à Dakar (Sénégal), sous la présidence du ministre sénégalais de la Justice, M. Sidiki KABA, une rencontre pour le lancement de la campagne de l’Afrique francophone contre les flux financiers illicites (FFI). Cet événement intervient à la suite du lancement officiel de la campagne continentale Arrêtons l’hémorragie pour mettre fin aux flux financiers illicites en provenance d’Afrique, qui avait été organisée les 24 et 25 Juin 2015, à Nairobi, au Kenya par Tax Justice Network Africa (TJN-A), TrustAfrica (TA) et Third World Network Africa (TWN-A).

Illicit Financial Flows

“Stop the Bleeding: Campaign to End Illicit Financial Flows from Africa” is the attention-grabbing name of a new campaign launched in June. Aimed at halting the enormous outflow of the continent’s monetary resources, the initiative is envisaged as a campaign rooted in African experiences and reinforced by global Africa solidarity linkages. It is being carried out by TrustAfrica and a group of African civil society organisations with the aim of mobilising students and youth, trade unions and grassroots social movements to raise their voices for change. 

Africa: The billions that got away

Read the message from the Executive Director 

Africa loses approximately US$50 billion annually through Illicit Financial Flows (IFFs). The AU/ECA’s High Level Panel on Illicit Financial Flows report and other studies argue that Africa lost over US$1 trillion through IFFs in the last 50 years - an amount similar to Official Development Assistance in the same period. Many, including ourselves at TrustAfrica, have always been cautious about the over dramatised narrative of “Africa Rising” especially as it mostly uses Gross Domestic Product (GDP) as a measure of growth. Other Human Development indicators such as Gross National Income (GNI), access to affordable health care, education, and decent jobs are rarely considered in the ongoing optimism surrounding Africa.

Last modified on Tuesday, 19 April 2016 12:39
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