TrustAfrica, Centre for Democracy and Development (CDD) and Third World Network- Africa, with financial support from Ford Foundation, held a two-day Consultative Roundtable on ‘Mending the Leakages: Africa’s Battle against Illicit Financial Flows,’ at Sheraton Hotel Abuja, Nigeria from 25-26 March, 2014. The primary objective of the roundtable was to expand and deepen knowledge on the issue of illicit financial flows and their role in inhibiting Africa’s growth.

http://www.osiwa.org/en/portal/newsroom/803/Illicit-Financial-Flows-in-Africa-Pushing-Billions-of-Dollars-Away-from-Continent.htm
 
Illicit Financial Flows in Africa Pushing Billions of Dollars Away from Continent
Recent study shows integrity institutions lack effectiveness in controlling looting of wealth
 
PRESS RELEASE
 
December 8, 2013 - DAKAR, SENEGAL
 
Contacts: Amanda Fortier, +221 77 644 5186, This email address is being protected from spambots. You need JavaScript enabled to view it.; Ibrahima Aidara, +221 77 645 6928, This email address is being protected from spambots. You need JavaScript enabled to view it.; Clark Gascoigne, This email address is being protected from spambots. You need JavaScript enabled to view it.
 
Economies in Africa have lost between $597 billion and $1.4 trillion in net resource transfers in the past three decades, despite the growth in integrity institutions on the continent, according to a recent study conducted by Global Financial Integrity (GFI).  Illicit financial flows are the topic of a two-day forum organized by the Open Society Initiative for West Africa (OSIWA) and TrustAfrica on December 9th and 10th, at Terrou Bi Hotel in Dakar, Senegal.

On December 9-10, TrustAfrica, the Open Society Institute for West Africa (OSIWA) and Global Financial Integrity (GFI) will be co-sponsoring the “Forum on Illicit Financial Flows in Africa.”  Th Forum will take place at the Terrou-Bi Hotel in Dakar, Senegal, with his excellence, the Minister of Economy and Finance for Senegal, M. Amadou Ba.  Among the many activities scheduled at the Forum, participants will receive key findings of the GFI 2012 report on Illicit Financial Flows from Africa and discuss the key trends, risks and costs to the region.   Additionally, the forum will look to establish a regional platform on illicit financial flows for campaigning and advocacy. 

On November 28-29, the Tax Justice Network-Africa (TJN-A) in collaboration with the Strathmore Tax Research Centre and funded by TrustAfrica, will host a two-day policy roundtable meeting on the theme “Curtailing Transfer Mispricing: Africa’s Response to Global Challenges.”  The event, which will take place at Strathmore University in Nairobi, Kenya, brings together a cross section of NGOs, tax authorities, academic researchers, policymakers and international organizations from around the world to share experiences, discuss policy and brainstorm solutions to current transfer pricing challenges facing African countries.