How Tanzania loses $1.87 billion annually

• Illicit flows due to massive cheating totalled $18.73 billion in Tanzania from 2002 to 2011. Most of the money was lost in the last five years of this period.
• Kenya losses $1.51 billion (Ksh131 billion) annually through the misinvoicing of goods followed by Ghana at $1.44 billion, Uganda at $884 million (Ush2.2 trillion) and Mozambique at $585 million.
• Vast majority of trade that is misinvoiced in Tanzania occurs with Switzerland and, to a lesser extent, with Singapore.

koborer said:

in summary

• illicit flows due to massive cheating totalled $18.73 billion in tanzania from 2002 to 2011. Most of the money was lost in the last five years of this period.
• kenya losses $1.51 billion (ksh131 billion) annually through the misinvoicing of goods followed by ghana at $1.44 billion, uganda at $884 million (ush2.2 trillion) and mozambique at $585 million.
• vast majority of trade that is misinvoiced in tanzania occurs with switzerland and, to a lesser extent, with singapore.

how tanzania loses $1.87 billion annually - news - www.theeastafrican.co.ke

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