Ramaphosa, MTN Targets of Nigerian Bank Forex Investigation

Ramaphosa, MTN Targets of Nigerian Bank Forex Investigation by LIONEL FAULL, SUSAN COMRIE, SAM SOLE, FINANCE UNCOVERED AND AMABHUNGANE President Cyril Ramaphosa could be drawn into a forensic probe initiated by the Nigerian government into alleged foreign exchange violations by banks acting on behalf of SA telecommunications giant MTN. Ramaphosa’s former investment holding company, Shanduka,…

Punishing Poor Mozambicans for the Actions of a Greedy Elite and a Major Swiss/British Bank

Poor Mozambicans are being punished for the actions of a greedy elite and a major Swiss/British bank, writes Joseph Hanlon, Senior Visiting Fellow in the Department of International Development. Fewer teachers will be hired this year, leading to even more overcrowded classrooms, and health spending is being cut, as donors reduce aid to Mozambique or shift…

Zambia: Corruption, Creeping Authoritarianism and a Foreign Minister’s Resignation

Zambia’s foreign minister has announced his resignation in a scathing Facebook post, denouncing the country’s “path of insatiable greed and shame”. Henry Kalaba said his decision was prompted by the “swelling” levels of corruption “perpetrated by those who are expected to be the solution”. Analysts suspect the move is an attempt to pressure President Edgar…

Pay-Back for Zimbabwe’s Military in First Post-Mugabe Cabinet

  Pay-Back for Zimbabwe’s Military in First Post-Mugabe Cabinet When Zimbabwe’s army incarcerated Robert Mugabe in his house last week, presumably to keep him safe from his enemies after people thought it was a coup, many around the world immediately noticed the irony. The same apparatus of the government that helped prop up Mugabe’s dictatorship…

10 Lessons From the UK’s Public Register of the Real Owners of Companies

10 Lessons From the UK’s Public Register of the Real Owners of Companies     by Nienke Palstra https://www.globalwitness.org/en/blog/10-lessons-uks-public-register-real-owners-companies/   The brutal murder of Daphne Caruana Galizia in Malta last week brings into stark relief the dangers faced by investigative journalists who courageously expose corruption and money laundering. Much of Daphne’s work focused on following…

Francophone Africa’s Leading Economies Outshine Peers in Political Risks

Francophone Africa’s Leading Economies Outshine Peers in Political Risks   Côte d’Ivoire and Senegal shoot up in country risk survey; South Africa dives in ECR data, as anglophone states languish. The latest Euromoney Country Risk survey shows Francophone west Africa’s biggest economies continue to improve in analysts’ views, while anglophone leaders including Kenya and South…

Why Investors Won’t Fall for Nigeria’s Wish to Boost Mining Reserves

  Why Investors Won’t Fall for Nigeria’s Plans to Boost Mining Reserves  Nigeria plans to spend 15-billion naira ($42-million) over the next year to explore for minerals and attract investors into mining and reduce its dependence on oil, Solid Minerals Development Minister Kayode Fayemi said at an October 18 interview with Bloomberg News in the capital, Abuja. “Because we are starting…