Ethiopia -" Ye Mekelle keldoch" narrated by Andualem Tesfaye
African countries are working towards combating corruption and its diverse dimensions in industry and trade, but it need to be intensified ever more, AU said today.
In a press briefing he gave on Thursday at the sidelines of the AU Summit, Trade and Industry Commissioner Albert M. Muchanga said "corruption is a steep and criminal tax on development and its harvest is poverty".
The illicit financial flow of Africa has reached 80 billion USD with a sharp increase from 50 billion USD in 2012, and of which 70 percent is from the extractive industries or mineral resources he said citing the 2017World Bank report.
Some studies show that only 10 percent of illicit financial flows are directly attributed to corruption while other studies argue that the 10 percent breeds the 70 percent, he added.
Member states are encouraged to adopt and implement coherent policies, prudent and strong legal regimes as well as regulatory systems to combat corruption, according to him.
Recalling that the World Trade Organization has revised the Agreement on Government Procurement aimed at combating corruption in 2012, he said "none of the African countries that are members of the WTO have ratified the agreement".
“We need to explore ways of ensuring that member states ratify and sign the agreement given that it has special and differential provisions”, he pointed out.
According to him, champions in fighting corruption need recognition and media should publicize the steps they took to combat corruption.