Sunday, January 18, 2026
  • Home
  • World News
  • Politics
  • Business
  • Entertainment
  • Sports
  • ABOUT US
  • BUY e-MAGAZINE
  • CONTACT US
  • DONATE FOR US
No Result
View All Result
  • Home
  • World News
  • Politics
  • Business
  • Entertainment
  • Sports
  • ABOUT US
  • BUY e-MAGAZINE
  • CONTACT US
  • DONATE FOR US
No Result
View All Result
No Result
View All Result
Home Business

Africa Losing Over $50 Billion Annually to Corruption, AU Expert Warns

KBAdmin by KBAdmin
November 8, 2024
in Business, World News
0
Africa Losing Over $50 Billion Annually to Corruption, AU Expert Warns

 

You might also like

Nyerere National Park: Where Conservation Becomes a National Commitment

Nigeria, UAE Seal Trade Pact as Tinubu Unveils Lagos as Co-Host of Global Investopia Summit 

OSOPADEC Chairman Pledges Grassroots-Focused Governance, Improved Welfare on Resumption at Igbokoda 

Chairperson of the African Union Advisory Board on Corruption (AUABC) Seynabou Diakhate. Photo: Courtesy

Africa Losing Over $50 Billion Annually to Corruption, AU Expert Warns

By Adonis Byemelwa

Africa is hemorrhaging over $50 billion every year due to corruption, a staggering financial drain that continues to hinder the continent’s growth and global standing, Seynabou Diakhate, Chairperson of the African Union Advisory Board on Corruption (AUABC), declared at the 8th African Anti-Corruption Dialogue.

Addressing government officials, civil society organizations, and media representatives from across Africa, Diakhate stressed that corruption remains one of the largest obstacles to economic development, citing the continent’s inability to leverage its vast resources for prosperity.

A significant challenge in the fight against corruption, Diakhate highlighted, is the lack of robust whistleblowing mechanisms. While whistleblowers have long played a critical role in exposing corruption, many fear retaliation due to inadequate protections.

Article 5(5) of the African Union Convention on Preventing and Combating Corruption mandates that state parties adopt measures to protect whistleblowers, but this remains a challenge in many African nations. Diakhate called for stronger measures to ensure the safety and confidentiality of those who report wrongdoing.

Esther Mnaro, a representative from the Pan African Lawyers Union (PALU), echoed Diakhate’s sentiments, emphasizing that Africa’s ongoing financial struggles are directly tied to corruption. She pointed out that if not for corrupt practices, Africa would not need to rely on foreign loans.

The financial losses from corruption alone mirror the total loans African countries receive annually from developed nations. Mnaro underscored the importance of effective whistleblower protection, noting that many whistleblowers have paid the ultimate price for their courage in exposing corruption.

Neema Mwakalyelye, Deputy Director-General of the Prevention and Combating of Corruption Bureau (PCCB), added her voice to the call for stronger legal protections for whistleblowers, stressing that without them, the fight against corruption cannot succeed.

The dialogue, centered around the theme of “Effective Whistleblower Protection Mechanisms,” included a panel discussion on the legal frameworks, institutional structures, and standards necessary to create robust protections for those reporting corruption.

Panelists included AUABC Executive Secretary Charity Nchimunya, Tersia Lewis of the UNODC’s Pretoria office, Nicolas Pinaud from the OECD, and Louis Vlavonou, a Member of Parliament from Benin who leads the Network of African Parliamentarians Against Corruption (APNAC-Africa).

Despite progress through the African Union Convention, adopted in 2003, the ongoing review process reveals significant gaps in its implementation, underscoring the need for further action to curb corruption across the continent.

The panel review identified crucial areas requiring attention, particularly in protecting whistleblowers and enhancing transparency in public offices. Although progress has been made in some African nations, much more remains to be done to ensure that corruption is effectively addressed, financial resources are safeguarded, and those exposing wrongdoing are properly protected.

Tanzania has much to learn from these discussions, as the country continues its own battle against corruption. Prime Minister Kassim Majaliwa has been a vocal advocate for anti-corruption efforts, with his administration making notable strides in addressing the vice through stringent oversight and public accountability.

Under his leadership, Tanzania has focused on strengthening the institutions responsible for monitoring public funds and enforcing anti-corruption laws.

The Controller and Auditor General’s Report for 2022 highlighted significant progress but also revealed troubling cases of financial mismanagement in several public institutions. The report identified misappropriated funds and irregularities that undermine the country’s development.

To build on this, Tanzania must not only enhance the effectiveness of its institutions but also ensure that whistleblower protections are robust and actionable. As the nation moves forward, it must prioritize transparency, accountability, and the safeguarding of financial resources to create a truly corruption-free environment and enable sustainable growth for future generations.

Bottom of Form

 

Share this post:

  • WhatsApp
  • Email
  • Telegram
  • Tweet
  • Print

Related

Previous Post

Hurricane Delays Tanzanian President’s Cuba Trip, Stirring Debate on Diplomatic Travel Costs

Next Post

Mozambique Opposition Plans New Protests Amid Contested Presidential Election

KBAdmin

KBAdmin

Related Posts

World News

Nyerere National Park: Where Conservation Becomes a National Commitment

by KBAdmin
January 16, 2026
Nigeria, UAE Seal Trade Pact as Tinubu Unveils Lagos as Co-Host of Global Investopia Summit 
Business

Nigeria, UAE Seal Trade Pact as Tinubu Unveils Lagos as Co-Host of Global Investopia Summit 

by KBAdmin
January 14, 2026
OSOPADEC Chairman Pledges Grassroots-Focused Governance, Improved Welfare on Resumption at Igbokoda 
Business

OSOPADEC Chairman Pledges Grassroots-Focused Governance, Improved Welfare on Resumption at Igbokoda 

by KBAdmin
January 10, 2026
CBN Introduces New Cash Withdrawal Limits, Imposes Charges on Excess Withdrawals from January 2026
Business

CBN Introduces New Cash Withdrawal Limits, Imposes Charges on Excess Withdrawals from January 2026

by KBAdmin
January 3, 2026
World News

Tanzania Rises: Serengeti Balloon Safaris Soars to the Top of the World Stage

by KBAdmin
December 24, 2025
Next Post
Mozambique Opposition Plans New Protests Amid Contested Presidential Election

Mozambique Opposition Plans New Protests Amid Contested Presidential Election

Comment on this postCancel reply

ADVERTISEMENT

Recommended

GOV AIYEDATIWA INAUGURATES ELECTRICITY REGULATORY TRANSITION COMMITTEE

July 2, 2024
Governor Aiyedatiwa Swears in Newly Elected Local Government Leaders in Ondo State

Governor Aiyedatiwa Swears in Newly Elected Local Government Leaders in Ondo State

February 18, 2025

Don't miss it

Education

When Children Tell Their Own Stories: The Thoughtful Voice of Benedict Gwao

January 17, 2026
Ondo Moves to Modernise State Laws as Attorney General Charges Law Commission 
Local News

Ondo Moves to Modernise State Laws as Attorney General Charges Law Commission 

January 16, 2026
Ondo Police Arrest Over 300 Suspects, Rescue 40 Trafficking Victims in 2025 
Community Policing

Ondo Police Arrest Over 300 Suspects, Rescue 40 Trafficking Victims in 2025 

January 16, 2026
World News

Nyerere National Park: Where Conservation Becomes a National Commitment

January 16, 2026
Local News

OAGF Refutes Claims on N35,000 Wage Award Exclusion 

January 16, 2026
‎Armed Forces Remembrance: We are committed to supporting you.- Aiyedatiwa
Local News

‎Armed Forces Remembrance: We are committed to supporting you.- Aiyedatiwa

January 15, 2026
EXPONENT MAGAZINES NEWS

EERC



Donate for Independent Journalism.



Naira Account number. 2022646165

Account name: Ewi Exponent Rendition Communication

Bank: First Bank plc



Dollar Account number: 0745378102

Name: Olusegun Adeyemi HOSEA.

Bank: GTBANK.


Categories

  • Business
  • Community Policing
  • Crime
  • Education
  • Entertainment
  • Fashion & Lifestyles
  • Health
  • Local News
  • Opinion
  • Politics
  • Religion
  • Security
  • Sports
  • Uncategorized
  • World News
November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Oct   Dec »

Recent News

When Children Tell Their Own Stories: The Thoughtful Voice of Benedict Gwao

January 17, 2026
Ondo Moves to Modernise State Laws as Attorney General Charges Law Commission 

Ondo Moves to Modernise State Laws as Attorney General Charges Law Commission 

January 16, 2026

© 2022 EXPONENT MAGAZINE NEWS - A Production of EWI EXPONENT RENDITION COOMUNICATION - EERC
Developed by KEEMBEST SOFTWARE SOLUTIONS LIMITED.

No Result
View All Result
  • Home
  • World News
  • Politics
  • Business
  • Entertainment
  • Sports
  • ABOUT US
  • BUY e-MAGAZINE
  • CONTACT US
  • DONATE FOR US
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.