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"Fighting Corruption": Africa is losing $ 50 billion a year because of illegal funds

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The official website of the first African Forum on Combating Corruption, hosted by Egypt on June 12 and 13 in Sharm el-Sheikh, revealed that the African continent is losing about $ 50 billion a year as a result of illegal financial flows.

The official website pointed out that corruption is an obstacle to achieving the goals of the development agenda 2063, where it drains the resources of the continent and wastes efforts to achieve the desired economic and social development, and thus addressing corruption is a sustainable path to reach the continent to be safe, stable and prosperous.

The importance of combating corruption is that it addresses the concerns of many African countries facing challenges in their struggle to realize the aspirations of their peoples for decent living and prosperity because of the scourge of corruption that is causing the continent's vast and varied resources to be wasted, Resources.

The Egyptian initiative to hold the Forum is consistent with the advanced priority of the anti-corruption issue in Egypt as part of its efforts for economic reform, development and modernization.

Corruption in Africa

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