Eleven African countries reported mobilising nearly €400 million in additional tax revenue in 2024 through tax transparency and exchange of information (EOI), bringing cumulative revenues since 2009 to more than €4.2 billion, according to the Tax Transparency in Africa 2025 report.
These results come mainly from the exchange of information on request (EOIR), which generated nearly €123 million, and the automatic exchange of information (AEOI) through the Common Reporting Standard (CRS), which generated more than €275 million. In 2024, African countries sent 1,756 requests for exchange of information – a historic high, nearly doubling the 888 in 2023 – and received 975. Twenty-three countries actively sent requests, compared to 19 in previous years.
Their cooperation network reached 3,358 relationships, 83 percent of which were through the Multilateral Convention on Mutual Administrative Assistance (MAAC), recently ratified by Madagascar and signed by Algeria.
Automatic data exchange is progressing: six countries are already exchanging financial data (Seychelles, Mauritius, Ghana, Nigeria, and Kenya), while Morocco, Uganda, Senegal, and Rwanda have committed to doing so by 2025, and Cameroon and Tunisia by 2026.
Four countries (South Africa, Uganda, Nigeria, and Seychelles) also plan to implement the Crypto-Asset Reporting Framework (CDF) by 2027-2028.
In terms of volume, African countries received information on 2.28 million financial accounts worth €211 billion in 2024 and sent data on 1.09 million accounts worth €36 billion. However, automated data matching remains insufficient, requiring cumbersome manual processing.
The supervision of beneficial owners also remains a weakness, although the majority of members have operational EOI units, an appropriate legal framework, and robust agreement networks.
In terms of capacity, 34 countries received bilateral technical assistance, more than 1,220 officials were trained, and another 1,131 were trained locally by certified trainers. The Women Leaders in Tax
Transparency program supported 11 female managers in their roles, and a Model Strategy for Maximizing EOI was adopted by 39 officials from 18 countries.
The report was presented following meetings in Lomé, Asunción, Freetown, Luanda, and Zanzibar in 2024.
It highlights that, despite notable progress, disparities persist in participation in tax transparency, and that further efforts are still needed to take full advantage of available tools.
The Africa Initiative brings together 39 member countries of the Global Forum, supported by the World Bank, the African Union Commission, and donors such as France, Germany, the European Union, Sweden, and Switzerland.
AC/Sf/fss/as/APA