A comprehensive thematic analysis of capital flight from Africa, it covers the role of safe havens, offshore financial centres, and banking secrecy in facilitating illicit financial flows and provides rich insights to policy makers interested in designing strategies to address the problems of capital flight and illicit financial flows.

FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.

On the Trail of Capital Flight from Africa investigates the dynamics of capital flight from Angola, Côte d'Ivoire, and South Africa, countries that have witnessed large-scale illicit financial outflows in recent decades. Quantitative, qualitative, and institutional analysis for each country is used to examine the modus operandi of capital flight; that is, the 'who', 'how', and 'where' dimensions of the phenomenon. 'Who' refers to major domestic and foreign players; 'how' refers to mechanisms of capital acquisition, transfer, and concealment; and 'where' refers to the destinations of capital flight and the transactions involved. The evidence reveals a complex network of actors and enablers involved in orchestrating and facilitating capital flight and the accumulation of private wealth in offshore secrecy jurisdictions. This underscores the reality that capital flight is a global phenomenon, and that measures to curtail it are a shared responsibility for Africa and the global community. Addressing the problem of capital flight and related issues such as trade misinvoicing, money laundering, tax evasion, and theft of public assets by political and economic elites will require national and global efforts with a high level of coordination.

This volume takes an in-depth look at the economic issue of capital flight and outlines strategic methods to address the problem of international tax evasion and bank secrecy. In order to address these issues, the book explores the development prospects of tax evasion governance and identifies obstacles to the efficiency of current tax policies. To overcome the capital flight issue, all lines of attack need to be examined. There is a need to establish responsibility, to set priorities for action that significantly reduces the incentives for capital outflows of this kind, and to seek international consensus. International tax evasion has undermined the credibility of political and administrative systems. This volume lays the foundation for creating an institutional framework that provides transparency of control systems in the face of the guilty roles of tax evasion actors. This requires an effort of economic intelligence that involves mobilizing statistical resources and exploiting them in order to finely identify deviating situations and risk. Key features of the book: • Captures the richness and diversity of tax evasion strategies • Provides an understanding of the prospects of capital flight policies • Identifies stakeholders’ implications in order to provide a global solution to government • Develops a rigorous approach to the problem of tax evasion and the capital flight process Advanced Governing for Capital Flight posits that when combined, the initiatives offered in the volume will be the powerful blow to bank secrecy. Aimed as much at the neophyte as at the insider who questions tax evasion strategies, this book, very ambitious by its specificity, is intended primarily for those who will be called upon to work in the fields of tax evasion and capital flight policies.

More than any other part of the globe, Africa has become associated with conflict, insecurity and human rights atrocities. In the popular imagination and the media, overpopulation, environmental degradation and ethnic hatred dominate accounts of African violence, while in academic and policy-making circles, conflict and insecurity have also come to occupy centre stage, with resource-hungry warlords and notions of 'greed' and 'grievance' playing key explanatory roles. Since the attacks of 9/11, there has also been mounting concern that the continent's so-called 'ungoverned spaces' will provide safe havens for terrorists intent on destroying Western civilization. The Review of African Political Economy has engaged extensively with issues of conflict and security, both analysing on-going conflicts and often challenging predominant modes of explanation and interpretation. This Review of African Political Economy Reader provides a timely, comprehensive and critical contribution to contemporary debates about conflict and security on the continent. The first section, covers some of the continent's main post-Cold War conflicts and demonstrates their global connections. The articles also discuss the so-called 'resource curse', as well as the global arms trade, and reveal the complexities of the relationship between the economic and the political. The second section focuses on security as part of post-Cold War global governance, and discusses the effects of liberal peace-building as well as the link between development assistance and the 'war on terror'. The final section examines life as it continues in conditions of war and shows how insecurity reconfigures urban space, transforms social order, identities and authority. Rita Abrahamsen is Professor in the Graduate School of Public and International Affairs, University of Ottawa, Canada Published in association with ROAPE ROAPE African Readers Series Editors: Tunde Zack-Williams & Ray Bush

Recognising that corruption is a serious problem in the globalised world of the early twenty-first century, the book takes the reader on a journey – beginning with what corruption is, why its study is important and how it can be measured. From there it moves on to explore corruption’s causes, its consequences and how it can be tackled – before discovering how these things are playing out in the established liberal democracies, in the former communist regimes and in the newly industrialised and ‘developing’ world. On the way it takes a couple of detours – first, to explore corruption’s mechanisms and dynamics and second to survey the scandals to which it may give rise. The book is therefore offered as an informative ‘travel guide’ of potential interest to journalists and policy makers as well as to students and academics.

Combining studies of demography, climate change, technology and innovation, political development, new actors in international development, and global governance frameworks, this book highlights the major underlying determinants of change in the African context and key uncertainties about the continent's future development prospects.