The US-led Counter ISIS Finance Group (CIFG) has warned that the Islamic State is capitalising on Africa’s weak counter-terrorism architecture to raise funds on the continent, with South Africa being one of the major conduits for moving money.
In a report made public this week, the CFIG – a working group of the US-led Global Coalition to Defeat ISIS – noted that ISIS perceived Africa as a more permissive environment for its financial activities and has increasingly relied on its Africa-based branches to generate revenues.
“Since 2019, ISIS has been increasingly relying on Africa-based branches to generate revenues probably because the group perceives less counterterrorism pressure in Africa compared to the Middle East,” the report said.
Read the rest of the story at APA News, here.