AfDB funds $5.2m crackdown on illicit financial flows in five African states
AfDB Country Manager for Tanzania, Ms Patricia Laverley (left), and ESAAMLG Executive Secretary, Ms Fikile Zitha, during the official signing ceremony for the Regional Capacity Development Project on Anti-Money Laundering and Countering the Financing of Terrorism (ES-CAD-AML) held in Dar es Salaam on Thursday, July 25, 2025. PHOTO|RAMADHANI ISMAIL
Dar es Salaam. The African Development Bank (AfDB) and the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) have launched a $5.2 million project aimed at enhancing regional efforts to curb money laundering and terrorism financing.
The three-year initiative, known as the Regional Capacity Development Project on Anti-Money Laundering and Countering the Financing of Terrorism (ES-CAD-AML), will benefit five ESAAMLG member states: Burundi, Eritrea, Mozambique, South Sudan, and Madagascar.
