Global Advocacy for African Affairs

Algeria calls for “continental strategy” to counter terrorism financing

Algeria has urged African countries to draw up a continental strategy to counter terrorism financing in its different forms.

The pledge was made at a high level conference on countering terrorism financing in Africa held in the Algerian capital of Algiers.

The meeting, which was chaired by Algerian Foreign Minister, Abdelkader Messahel, is devoted to discussing prevailing challenges facing efforts to determine the main financial sources of terrorism and dry them up.

In his opening speech, Messahel said there are 11 main terrorism financing sources, including drug and human-beings trafficking, illegal migration, ransoms from hostage taking, arms trafficking, counterfeit, piracy, begging, and money laundering.

The Algerian foreign minister urged the international community to work more closely to seek better cooperation to counter these terrorism financing sources, through sharing information and experiences.

He also called for drawing up a continental strategy to counter terrorism financing in its different forms, including the integration of economic and social development, modernizing economy, encouraging transparency and good governance.

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