Former president Thabo Mbeki is calling on central banks, civil society and heads of state to play their part in curbing illicit outflows, which are estimated at US$90 billion a year on the African continent.

Speaking to the media during a briefing at the Thabo Mbeki Foundation, Mbeki said the commercial sector is responsible for two thirds of capital illicit outflows – money leaving the continent illegally.

Mbeki said that money was leaving the continent through a number of ways including: base erosion/profit shifting, misinvoicing and tax havens.

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