US Regulators and Rio Tinto: Is the Mozambique Fraud Charges a Signal of More to Come?

    US Regulators and Rio Tinto: Is the Mozambique Fraud Charges a Signal of More to Come?  Rio Tinto and its former chief executive and chief financial officer have been charged with fraud by US authorities for allegedly attempting to cover up multi-billion-dollar losses on an African coal investment. Key points: US Securities and…

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Global Mergers & Acquisitions: DowDuPont Lessons From South Africa

  Comment: On 5 July 2017, the Competition Commission of South Africa has announced its conditional approval of The Dow Chemical Co. and E.I. du Pont de Nemours Co.’s $130 billion merger. The decision follows similar conditional approvals from global antitrust authorities in Canada and Mexico last week and from the U.S. Department of Justice on June 15, 2017. Dow…

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The ‘World’s Most Useless Airport’ Finally Opens; But Will Tourists Come?

    The ‘World’s Most Useless Airport’ Finally Opens; But Will Tourists Come? As the inaugural plane from Johannesburg touched down, the travel and history buffs on board clapped and cheered. A water truck sprays water to celebrate the first inaugural commercial plane from Johannesburg after it landed at the newly built Saint Helena Airport…

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Jacob Zuma Cavorts With “State Capture” Soulmate, Gov. Rochas Okorocha of Nigeria; Gets Statue and Fake Chieftaincy Title

  Jacob Zuma Cavorts With “State Capture” Soulmate, Gov. Rochas Okorocha of Nigeria; Gets Statue and Fake Chieftaincy Title     Governor Rochas Okorocha of Imo State in South-Eastern Nigeria, erected a statue in honor of President Jacob Zuma – Many Nigerians criticized the gesture of the governor. They pointed out that Nigerians were being…

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Which Countries Does China Favor With Foreign “Aid”?

    Which Countries Does China Favor With Its Foreign “Aid”? China gives aid mainly to Africa, but commercial interests are more geographically dispersed Top 10 Recipients of Chinese ODA: Cuba ($6.7 billion) Cote d’Ivoire ($4.0 billion) Ethiopia ($3.7 billion) Zimbabwe ($3.6 billion) Cameroon ($3.4 billion) Nigeria ($3.1 billion) Tanzania ($3.0 billion) Cambodia ($3.0 billion) Sri Lanka…

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Why Is Uber Ride-Sharing Model Failing in Nigeria?

Why Is Uber Ride-Sharing Model Failing in Nigeria? Uber’s 4-year anniversary: Not much to celebrate, as world’s largest ride-hailer struggles to scale in Nigeria’s perilous taxi market Leading ride sharing app, Uber celebrated four years of operating in Africa last week. It also announced that it had created about 29,000 jobs or economic opportunities as it will…

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