Browsing: Corruption

• Six African nations ranked among the top 10 globally for money laundering and terrorism financing risk by the 2023 Basel AML Index.
• Another 11 African countries are grey-listed by the Financial Action Task Force (FATF), including Kenya, Tanzania, and South Africa.
• The overall economic ramifications of these crimes are staggering, from lost FDI to widespread inequality.

Money laundering, corruption, and terrorism financing are no longer hidden threats—they are destructive forces ravaging Africa’s economies.

With six African nations ranked among the top 10 globally for money laundering and terrorism financing risk by the 2023 Basel AML Index, the scope of the problem is frightening. Add to this the 11 African countries grey-listed by the Financial Action Task Force (FATF), including Kenya, Tanzania, and South Africa, and the stakes become even more urgent. Mineral-rich South Sudan and the Democratic Republic of Congo stick out like a sore thumb on this dirty list.…

• Anti-Money Laundering watchdog removed Uganda from its grey list
• Treasury said Kenya underwent an assessment conducted by the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) in 2022.
• CS Ndung’u said the move underscores the need for swift action to bolster Kenya’s compliance efforts.

Finance Action Task Force (FATF), the global anti-money laundering watchdog, has placed Kenya on a list of 23 countries that are ‘not doing enough’ to fight money laundering.

FATF placed Kenya on its ‘grey list’ while Uganda has been removed from the list. The decision to put Kenya on the grey list might diminish Nairobi’s position as the financial enike air max 90 futura kansas city chiefs crocs sac à dos eastpak air max 270 women sit top kayak smith and soul nike air max 90 futura dallas cowboys slippers mens latex hood borsa prima classe custom kings jersey custom kings jersey jordan proto …

xternal and domestic economic shocks disrupted Sierra Leone’s post-pandemic recovery, exacerbating existing macro-fiscal vulnerabilities and plunging Sierra Leone into a severe economic crisis. In Sierra Leone’s presidential poll today, the citizens will look to choose the best promise for an economic rebuild.…

The UN says that e-government holds an explosive potential to ensure public institutions deliver public services in an effective, accountable, efficient and transparent manner.

Africa is showing the greatest growth in developing e-government in service delivery. United Nations member states In Africa with a low e-government development index (EGDI) have since reduced from 26 in the year 2016 to seven last year.

However, there is no single country in Africa that has high EGDI values.…

A Zimbabwean public service officer, the former Chief Executive Officer of the Zimbabwe National Road Administration (Zinara) is allegedly involved in a graft cases that has cost the agency losses in excess of USD40 million.

Mr Frank Chitukutuku, the accused official, is facing  a list of economic sabotage cases all surrounding what local media is calling ‘dubious payments’ for supposed public works.  The list of irregularities is long, from payments for substandard work to over payment for projects without the agency’s board ever approving.

There are also issues of flouting tender procedures, hand-picking firms, payment for incomplete work and the bias awarding of projects in favour of companies that he has interest in or belonging to individuals in his favour.

Zimbabwe’s Parliamentary Portfolio Committee on Transport and Infrastructural Development deliberated the matter in detail earlier this month and resolved to fire the CEO while legal proceedings are underway.

Among the …

Transparency International revealed on Thursday that more than half of all citizens surveyed in 35 African countries thought corruption was getting worse in their country, while fifty-nine percent of the people thought their government was performing poorly at tackling corruption.

Managing Director of Transparency International, Patricia Moreira, said: “Corruption is hindering Africa’s economic, political and social development. It is a major barrier to economic growth, good governance, and basic freedoms, like freedom of speech or citizens’ right to hold governments to account.”

The organization said it was the largest and most detailed survey of citizens’ views on bribery and other forms of corruption in Africa. The survey asked 47,000 citizens in 35 countries about their perceptions of corruption and direct experiences of bribery.

“While governments have a long way to go in regaining citizens’ trust and reducing corruption, these things don’t exist in a vacuum. Foreign bribery and money laundering …