The global Covid-19 pandemic is an unprecedented shock hopefully many of us will not be alive to see another as disruptive and pervasive as this one. A health crisis that shut down the entire global economic and trading ecosystem for close to a year; a health crisis that has and continues to reconstitute human beings natural social conditioning; a health crisis that has demonstrated political rhetoric does exactly what it says on the tin ‘listen to my words but don’t see my actions’; and a health crisis that brazenly exposed the insatiable appetite for profit, inequality, and power. Indeed, the global pandemic, 18 months later, is proving that walking and chewing gum is a sticky situation for those who believe in the orthodoxy. This blog is a follow-up to a piece I wrote slightly over a year ago that focussed on the Kenya, and with the benefit of hindsight these reflections do ring true for several corners of the continent. As we begin to consider a world post pandemic, I present my 4Rs of Covid-19 of ‘Reflect’; ‘Repair’; ‘Reboot’; and ‘Revolutionise’ as we aim to build forward together.
Illicit Financial Flows (IFF)
For the objective of AfCFTA not to be defeated through the menace of trade-based laundering of illicit funds, African member states must be proactive to ensure that all necessary measures and regulations are put in place in combating TBML that may ensue therefrom before AfCFTA comes into full implementation.