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
CEMAC non-performing loans fall to 16.0% in 2025, BEAC says Lending rises 10.7% despite tighter liquidity and higher borrowing costs Growth,...
Investec secures $200 million IFC loan for green housing finance Funds to support eco-buildings, affordable green home loans in South...
“Keur Samba” securitization bonds begin trading on the BRVM Operation backed by NSIA Banque CI and Orabank CI totals CFA52 billion Move aims...
Witti Finances Holding acquired a majority stake in Kajas Microfinance, entering the Senegalese market. The firm rebranded the entity as Witti...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
03

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
04

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
05

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
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.