Flooding affects more than 1 million across East Africa - NEWS 1130

GENEVA — The United Nations estimates that illegal outflows of capital from Africa totalled over $830 billion in the first 15 years of this century, much of it linked to movements of high-value commodities like gold, diamonds, and platinum — straining the ability of the continent’s governments to provide services like healthcare, education, and infrastructure.

The U.N. Conference on Trade and Development on Monday focused the latest edition of its annual report on economic development in Africa to the issue of illicit financial flows, or illegal movements of money and…

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