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Author Topic: African leaders must unite for repatriation of offshore funds to boost development —Elombi, Afreximbank president  (Read 17 times)

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African leaders must unite for repatriation of offshore funds to boost development —Elombi, Afreximbank president
« on: July 06, 2026, 12:02:24 PM »
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African leaders must unite for repatriation of offshore funds to boost development —Elombi, Afreximbank president

AFRICA continues to bleed capital at an alarming rate while simultaneously pleading for international aid. Estimates suggest that trillions of dollars in wealth generated from African resources and markets have flowed out of the continent into offshore accounts, often held by corporations, elites, and individuals who extract profits but reinvest minimally back home. This paradox—rich […]


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