Africa is hemorrhaging resources at an alarming scale, losing $163 billion annually to debt service while billions more slip away through illicit financial flows (IFFs) and emerging AI‑enabled fraud, according to Pan‑African lawyer and tax justice advocate Dr. Lyla Latif.
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Freetown, 1st June 2026- Sierra Leone’s fiscal operations for April 2026 reveal mounting expenditure pressures and widening deficits, with government spending outpacing revenue collections by a significant margin.
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Africa is bracing for a projected staggering $90 billion plus debt servicing bill in 2026, a figure that starkly illustrates how creditors stand at the front of the queue before governments can hire nurses, build schools, or repair roads.
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Nairobi, Kenya, 28th May, 2026 – Pan-African lawyer and tax justice advocate Dr. Lyla Latif has sounded the alarm on Africa’s hidden fiscal haemorrhage, warning that illicit financial flows (IFFs) and emerging AI‑enabled fraud are draining billions from the continent and deepening its debt crisis.
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Pan-African lawyer and tax justice advocate Dr. Lyla Latif has called for Africa to rethink its fiscal future, warning that reliance on costly foreign debt is draining resources from schools, hospitals, and infrastructure.
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