AFRICA BUSINESS

SA losing US$62 billion a year due to illicit financial flows

South Africa is losing more than US$62 billion a year because of illicit financial flows (IFFs), which could be used to fund the building of schools, hospitals and safer roads.This was highlighted at ...

By Staff reporter | Published: 12 September 2023
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BUSINESS NEWS

Illicit trading exaggerates trade deficit

ZIMBABWE's persistent trade deficit has been magnified by unstated foreign trade activity, the country's national statistical agency has said.In recent years, the southern African country has run syst...

By Staff reporter | Published: 30 September 2018
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BUSINESS NEWS

'Illicit financial flows lead to budget deficit'

The Zimbabwe Coalition for Debt and Development (Zimcodd) says lost revenue through illicit financial flows (IFFs) has far reaching consequences on the fulfilment of social and economic rights as it h...

By Staff reporter | Published: 11 July 2018
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OPINION

Impact of illicit financial flows on socio economic development

While the "Zimbabwe is open for business" mantra is good in attracting foreign investors the government of Zimbabwe need to step up efforts to curtail illicit financial flows (IFFs) by enforcing anti ...

By Davison Kaiyo | Published: 05 July 2018
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OPINION

Zimbabwe's mining sector illicit financial flows

Soon after his inauguration the President of Zimbabwe Emmerson Mnangagwa announced that he has a list of individuals and corporates that has been externalizing money and assets and granted them a thr...

By Davison Kaiyo | Published: 31 May 2018
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POLITICS

Mnangagwa's daughter sucked in illicit ivory trade court case

Two ivory dealers have appeared in court facing charges of illegally selling unregistered ivory products in a case which has sucked in former first lady Grace Mugabe and President Emmerson Mnangagwa's...

By Staff reporter | Published: 15 May 2018
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LANDS & AGRICULTURE

Zimbabwe faces illicit pesticide risk

THE illegal trade in counterfeit pesticides by unregistered dealers is putting farmers' and consumers' lives at risk as unregulated and often toxic chemicals enter the food chain, a government officia...

By Staff reporter | Published: 07 September 2017
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BUSINESS NEWS

Zim loses $12bn to illicit deals

Zimbabwe has reportedly lost over $12 billion over the last three decades from illicit financial flows by powerful and unscrupulous international companies, agencies or individuals, Sunday Business ha...

By Sunday News | Published: 03 March 2014
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BUSINESS NEWS

Zim loses $12 billion in illicit financial flows

Zimbabwe has lost a cumulative $12 billion in the last 3 decades through illegal financial outflows ranging from secret financial deals, tax avoidance and illegal commercial activities, a new report j...

By Staff reporter | Published: 16 September 2013
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