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Journal of Academics Stand Against Poverty

Academics Stand Against Poverty

Journal of Academics Stand Against Poverty (Journal of ASAP) is an open access international multidisciplinary journal published under the ISSN 2690-3458 (electronic edition) and ISSN 2690-3431 (print edition) by Academics Stand Against Poverty, a non-profit organization based in United States (EIN # 32-0324998).  Its mission is to publish high-quality work that can make genuine contributions to understanding and eradicating poverty and its effects in the real world. Such work will address the structural causes of poverty with an eye to the special challenges poor people face in such areas as nutrition, water, shelter, health and health care, sanitation, clothing and personal care, energy, education, social and political participation and respect, physical safety, family planning, environmental degradations and hazards, working conditions in employment and at home, navigating governmental agencies and the legal system, banking and credit, travel and transportation, and communications.  Journal ASAP is committed to ensuring that perspectives of the poor are adequately represented on its pages, and that these pages are accessible to all. The journal makes substantial efforts to include voices from the global South as well as from non-elite educational institutions and from organizations, agencies and communities that are working toward poverty eradication. It also aims for the widest possible reach by being entirely open-access: its one/two issues each year are free for download anywhere in the world without any requirement to provide personal information. Journal ASAP invites submission of original work and maintains a rigorous double-blind peer review system that provides constructive feedback to assist authors in presenting their work in a way that is clear, broadly accessible and practically useful. Journal ASAP is a pure Open Access Journal and allows the author to retain the copyright in their articles. Articles are made available under a Creative Commons licence (CC-BY) to allow others to freely access, copy and use research provided the author is correctly attributed.

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Journal of Academics Stand Against Poverty

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Article recordVersion of recordOpen accessVol 1 No 1August 17, 2026

Illicit financial flows and the extractives sector on the African continent: Impacts, enabling factors and proposed reform measures

This article is based on research in the literature on illicit financial flows (IFFs) in the context of the African extractives sector. It summarizes the adverse economic, political, and environmental impacts of IFFs an…

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Contributors

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  • Philip Mutio

Abstract

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This article is based on research in the literature on illicit financial flows (IFFs) in the context of the African extractives sector. It summarizes the adverse economic, political, and environmental impacts of IFFs and identifies key gaps in current legislation and policy and weaknesses in national tax systems. Specific actions to strengthen the effectiveness of current legal and regulatory measures are proposed. Legislative and policy gaps and weak taxation systems in African countries have allowed legislation to be circumvented or interpreted by mining companies or governments in a way that perpetuates IFFs, for example through manipulation of local content requirements or transfer mispricing. Weak taxation systems mean that mining companies do not pay tax commensurate with earnings. Where beneficial ownership full disclosure is not implemented, complex corporate structures lead to lack of transparency and linkage to politically exposed persons open to corruption. To address these shortcomings taxation systems must be strengthened by improving the quality of human resources in taxation agencies. Beneficial ownership requirements should be strengthened, and local content requirements reformed and implemented effectively.

Keywords

Illicit Financial FlowsMoney LaunderingAfrican Extractive IndustriesBeneficial Ownership Disclosure

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