Political instability to blame for Africa’s capital flight, says lender Afreximbank

Afreximbank warns of the risk of capital flight in Africa due to increased cases of unconstitutional government changes, creating macroeconomic uncertainties for foreign investors. Recent coups in countries like Mali, Guinea, and Burkina Faso have exacerbated security crises, leading to the withdrawal of several multinational firms. The report highlights that the decline of democratic governance contributes to this instability.