Misinvoicing quantified by NGO
In depth
Issue 277
- 20 May 2014
| 1 minute read
A report from US-based advocacy group Global Financial Integrity (GFI) has highlighted how much money is siphoned out of African countries due to the practice of over or understating invoices. In its report, Hiding in Plain Sight, GFI analysed data on bilateral trade flows for 2002–11 from the United Nations’ Comtrade database to estimate misinvoicing for Ghana, Kenya, Mozambique, Tanzania, and Uganda. It found that Tanzania experienced the greatest annual average gross illicit flows with $1.87bn. Kenya is second with $1.51bn/yr, and Ghana’s figure of $1.44bn is also significant. Uganda had illicit outflows of $884m/yr, and Mozambique’s figure is $585m.
Want to read more?
Extra Large Article
£595
(Access to one African Energy article)
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map
Register