Africa and the War Against Offshore Finance

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There is a growing effort by African nations and civil society to combat the massive outflow of wealth through illicit financial flows, tax evasion, and the use of offshore tax havens. For decades, multinational corporations, political elites, and wealthy individuals have shifted billions of dollars out of Africa into secretive offshore accounts—undermining public budgets and deepening inequality.

This “war” is about reclaiming stolen resources and pushing for financial transparency, corporate accountability, and global cooperation. It includes calls for stronger domestic tax policies, automatic exchange of financial information, and reforms in global financial institutions that enable secrecy and profit shifting.

Ultimately, the fight against offshore finance is a fight for economic justice and sovereignty, ensuring that African wealth stays on the continent to support development, reduce poverty, and empower future generations.