Tanzania vs. Mining Companies: Other African Countries May Finally Stand Up to Foreign Exploitation and Blackmail

“They should not threaten us. They are the ones that should be scared … Tanzanians are being robbed in broad daylight,” he said in an address on state television. “We cannot continue in this way.” — President John Magufuli.   “What’s happening in Tanzania is the natural result of a process that has been going on…

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Is Okorocha a Tragic Mistake Foretold?

This piece first appeared in Business Day (Lagos), Thursday, December 20th, 2012 with the title, “A Week in Governor Okorocha’s Populist Republic.”   The now deeply unpopular and loathed governor of Imo State, Rochas Okorocha, dancing while the state burns   By Okey C. Iheduru Until someone obsequiously intoned ‘Good Morning, Your Excellency,’ I didn’t know the…

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Global Audit and Consultancy Firms and Trust Deficit: The Bell Pottinger, McKinsey, KPMG Debacle and the Gupta Scandal in South Africa

BREAKING NEWS: KPMG CEO in SA resigns following Gupta scandal The audit firm has issued a major mea culpa on the Gordhan ‘rogue unit’ report 15 SEPTEMBER 2017 – 11:31 XOLISA PHILLIP Picture: REUTERS/MIKE BLAKE In a major mea culpa, KPMG SA has instituted a wide-ranging board clean-up that has claimed the scalps of CEO Trevor…

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Mali’s 2016 State Mining Revenue Crawls as Gold Miners Smile to the Bank

12TH SEPTEMBER 2017 BY: REUTERS BAMAKO – Mali‘s State revenues from mining companies rose 1% last year to 247.3-billion CFA francs ($454-million) from 2015 due to a rise in gold prices, the mining ministry said on Tuesday. Mali is the third-biggest gold producer in Africa after South Africa and Ghana, and gold overwhelmingly dominates its mining sector, which provides about a quarter of government revenues. Mamadou Sidibe, deputy director of statistics and planning at…

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Why Is China Investing $9.1bn in Russia’s Rosnet as Glencore and Qatar Cut $2.8bn Stakes?

Are the United States’ new round of economic sanctions on Russia making it difficult for large Western firms such as Glencore to develop partnerships and increase ties with Russian state-owned firms such as Rosneft? What would China’s desire to strengthen energy partnership between Moscow and Beijing mean for world oil price, as Russia competes with…

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China’s Time Bomb: Don’t Be Fooled by Recent Cuts to Its Overcapacity

China continues to be a threat to the global economy, not because of its population, voracious appetite for resources, power competition with the United States, or with its neighbors in the South China Sea. We don’t even hear America’s zero-sum conflict accusations of “currency manipulation” any more. Rather, China is a threat to the global…

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17th International Economic Forum on Africa 2017

    Français Home Agenda Registration Video Contest . On the eve of its industrial revolution, Africa is confronting a triple challenge: create millions of decent jobs, protect the environment and substantially increase the productivity of its economies. It is confronting these challenges in the face of rapid technological changes and by relying on its…

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Political and Economic Risks of Morocco’s Ambitious Investments in Sub-Saharan Africa

Morocco’s ambitious investments in Sub-Saharan Africa full of risks and rewards  by Cecile Guerin , May 26, 2017 Morocco is consolidating its foothold in Sub-Saharan Africa by diversifying its investments and pushing for closer ties with the most dynamic economies in the region. Shortly after Morocco re-joined the African Union (AU) on 30th January, King Mohammed VI embarked…

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Australia-East Timor Maritime Boundary Deal: Implications for Ghana-Ivory Coast TEN Oilfields Dispute

On 30 August 2017, Australia and Timor-Leste reached a historic agreement that clarifies the legal status of the Greater Sunrise gas fields, and establishes a regime to develop and share revenue from the lucrative oil fields estimated to hold 9 trillion cubic feet of gas and 300 million barrels of condensate and liquefied petroleum gas worth…

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