African Graft

Over 148 billion US dollars is lost annually in Africa through corruption. This is disclosed as African experts working on anti-corruption     matters Tuesday embarked on a two day meeting to reflect on their role in advancing the continent’s anti corruption agenda.

Speaking in Kigali Said Adejumobi, from the economic commission for Africa said Bureaucracy   and politics alone are not the only way through which money is taken out the continent.

He said illegal financial systems that involves exaggerating costs for projects is also affecting the continent.

An African Development Bank report Reveals About 50% of tax revenue and 30 billion in aid to the continent is diverted away from development through corruption

Acting chief ombudsman Nzindukiyimana Augustin said Ignorance and the desire for wealth among other are the root causes of corruption in Africa which is to blame for the suffering in the continent

Corruption remains the most pressing governance and development challenge Confronting Africa today.

Researchers, civil society representatives, private sectors and government officials and bilateral and multilateral agencies representatives at the Kigali meeting organized by the United Nations Economic Commission for Africa will seek systematic and methodological way, to address the growing problem of corruption on the continent.