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ABOUT THE BOOK

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. The authors examine the modus operandi of capital flight: 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 transnational 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 of Africa and the global community.