Africa Headlines International

Mozambique: illicit trade in ‘conflict timber’ smuggled to China funds insurgency, EIA warns

Timber smuggling, estimated to be worth $23 million a year, from Mozambique’s ancient forests to China is helping to fund the country’s Islamic-State linked militants operating in its northernmost province of Cabo Delgado, according to a new report by Environmental Investigation Agency (EIA), A multi-year investigation by the NGO, which campaigns against alleged environmental crime, […]

Africa Headlines International

Illegal fishing major maritime threat in Gulf of Guinea, costing West Africa $26bn

The West African sub-region annually loses $26 billion to illegal fishing and illicit trade in marine resources, a senior Ghanian official has warned, echoing a recent report by an independent intergovernmental body that globally, nature is declining at rates unprecedented in human history, and species’ extinction is accelerating at an alarming rate. In an address […]

Africa Business Emerging Markets Headlines International

African govt’s should crack down on illicit trade to increase tax revenue — study

As 93% of the most climate-vulnerable countries in the Global South are “drowning in debt, according to a new research from ActionAid, experts warn that illicit trade greatly exacerbates this budgetary disaster, which in turn robs governments of massive amounts of tax revenue while undermining medical, environmental and economic health. The ActionAid study also rings […]

Africa Business Emerging Markets Headlines International

Africa must combat illicit trade in natural resources — reports

To protect its abundant natural resources, African countries need to make concerted efforts to combat illicit resource trade, according to reports from the African Development Bank (AfDB) and United Nations Environment Program (UNEP). Africa boasts a significant amount of the world’s natural resources, both renewable and non-renewable, including arable land, oil, natural gas, minerals and […]