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…

President-Elect Weah Says Liberia ‘Open for Business’, Vows to Fight Corruption

President-Elect Weah Says Liberia ‘Open for Business’, Vows to Fight Corruption   Liberian President-elect George Weah on Saturday declared the country open to investment and pledged to tackle entrenched corruption, in his first speech to the nation since decisively winning an election this week. Speaking in front of reporters and aides packed into a small…

Rio Tinto Diversified Miner Coming Up With Africa Strategy in 2018

  Rio Tinto Diversified Miner Coming Up With Africa Strategy in 2018 DOWNLOAD Diversified mining company Rio Tinto (NYSE: RIO) is re-calibrating its understanding of Africa and working on an Africa strategy that is scheduled to be presented to the company’s executive committee next year. The company made this known Tuesday in an interview with…

The “Old” and the “New” ANC Set to Clash in Choice of New Leader on Sunday

    The “Old” and the “New” ANC Set to Clash in Choice of New Leader on Sunday South Africa’s ruling African National Congress (ANC) expects to announce Jacob Zuma’s successor as party leader on Sunday, a spokesman said, concluding a bruising leadership battle that threatens to tear it apart before a 2019 election. The…

Post-Sanctions Sudan Dangles $10bn to Lure Back Investors: Will They Come?

    Post-Sanctions Sudan Dangles $10bn to Lure Back Investors: Will They Come? Post-Sanctions Sudan is hoping to entice investors to bring in about $10bn to the country, following the end of sanctions. The question is: Will they come? Sudan’s president is wanted for crimes against humanity, the economy has lost much of its oil…

What the South African Chamber of Mines Says About Mining Sector Will Surprise You

What the South African Chamber of Mines Says About Mining Sector Will Surprise You The South African Chamber of Mines (SACM) is not happy about the policy and regulatory environment of the mining industry and has ideas about what must be done. This understatement is clearly the message of its juts published report entitled  “What…

Nigeria Wants $21bn It Hasn’t Bothered to Collect From Offshore Oil Companies Since 1993

  Nigeria Wants $21bn It Hasn’t Bothered to Collect From Offshore Oil Companies Since 1993 Nigeria wants deep offshore oil companies to pay at least $21 billion, money that oil-rich but chronically mismanaged country says oil companies owe but has not bothered to collect since 1993. The situation may soon change if the government succeeds…

Will DR Congo Finally Face Down Miners’ Pressure Again Over Revised Code?

  Will DR Congo Finally Face Down Miners’ Pressure Again Over Revised Code? The air is rife again with speculations over whether the government of the Democratic Republic of Congo will again succumb to pressure by mining companies that proposed changes to the mining code adopted by the lower house of parliament last week would do lasting damage to…

Africa’s Richest Woman Making New Deals After Being Fired From Sonangol

    Africa’s Richest Woman Making New Deals After Being Fired From Sonangol Less than a month after being fired as head of Angola’s state-owned oil company, Isabel dos Santos says she is studying new deals. Dos Santos, Africa’s richest woman, said two major Angolan banks she has links to are preparing to sell shares as part…