Public Management

Transparency International highlights slow headway in anti-corruption efforts in Africa

Transparency International highlights slow headway in anti-corruption efforts in Africa
Tuesday, 13 February 2024 21:03

Transparency International observed in its latest Corruption Perceptions Index (CPI) little improvement in anti-corruption efforts across all African countries, although some stand out. The best performances were notably noted in countries like Seychelles, Angola, and Côte d'Ivoire.

Transparency International recently issued its Corruption Perceptions Index (CPI) for 2023. The organization revealed that only 23 out of the 54 African countries improved their scores. The CPI assesses 180 countries and territories worldwide based on the perceived level of corruption in the public sector, using a scale from 0 (highly corrupt) to 100 (very clean).

Among the top performers in Africa, Seychelles, Cape Verde, Rwanda, Mauritius, and Côte d'Ivoire, which have consistently improved on the CPI over the past decade, emerged as the top five countries with the most significant progress. Seychelles led the African rankings, followed by Cape Verde and Botswana. Conversely, Equatorial Guinea, South Sudan, and Somalia recorded the lowest scores.

According to the NGO, most African countries showed stagnation, and the overall score for the region remains mediocre. The regional average has not changed; 90% of sub-Saharan African countries scored below 50. For the 23 "good performers", Transparency international revealed that the main key behind their improvement is the recent reforms they have implemented. For instance, Côte d'Ivoire revamped its legislation, mandating high-ranking officials to declare their assets. In 2023, the country introduced a dedicated digital platform for whistleblowers, encouraging citizens to report corruption with significant economic implications.

According to the OECD and the African Development Bank, corruption hampers efforts to achieve higher investment rates. In 2015, the African Development Bank estimated annual losses due to corruption in Africa at $148 billion. The report underscores the ongoing battle against corruption and the positive impact of proactive measures on transparency and accountability across the continent.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Bank aims to raise CFA67.5 billion ($120 million) by selling 20% stake on BRVM Offering expected in May 2026, with listing scheduled for August...
Ivory Coast adopted two draft laws to reform banking and microfinance regulations. The banking reform introduces Islamic finance, fintech companies and...
Gabon created a National Public Debt Committee to oversee debt policy, coordination and control. The government also launched an audit to determine the...
The World Bank approved a $225 million program to strengthen healthcare, nutrition and early childhood development in Ivory Coast. The program...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
03

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
04

From WHO-led efforts to strengthen pandemic preparedness to measles vaccination drives in Uganda, al...

Weekly Health Update | Africa Steps Up Pandemic Preparedness as Health Sovereignty Takes Center Stage
05

Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...

Chinese Automaker Jetour to assemble SUVs in South Africa from 2027
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.