DRC “Zupta” unmasked as world’s #5 hedge fund hit by $400m corruption fine.
Corruption in high places is Africa’s biggest curse. It is the ultimate mis-allocation of resources and condemns Africans to remain the world’s poorest people.
Corruption in high places is Africa’s biggest curse. It is the ultimate mis-allocation of resources and condemns Africans to remain the world’s poorest people.
The 2016 annual report of the trade and development arm at the United Nations, UNCTAD, reports Foreign Direct Investment (FDI) into South Africa plunged 69% last year to a paltry $1.8bn, the lowest in a decade.
Anton du Plessis says businesses investing in Africa must do more to understand fragility and conflict on the continent, and their role in building stable states.
The only good news for South Africans in the explosive #PanamaPapers scandal is that their deeply flawed President Jacob Zuma is not the only global leader trading influence for financial gain.
Shortly after Jacob Zuma met his DRC counterpart Joseph Kabila in 2009, Mossack Fonseca registered two companies for Khulubuse Zuma in the British Virgin Islands.
Vodacom is being sued for $14 billion in the Democratic Republic of Congo by Alieu Conteh, the controlling shareholder of the wireless company’s minority partner in the country.
Opposition parties accuse President Joseph Kabila of seeking to circumvent a constitutional term limit and hang onto power beyond the end of his current mandate next year.
Glencore decision to suspend production at units in the Democratic Republic of the Congo and Zambia will halt about a quarter of the countries’ copper output and confront their governments with the potential of job losses a year before elections
The Democratic Republic of Congo plans to increase mine royalties and raise its stake in future projects as it tries to carve out a bigger slice of the country’s decade- long metal-extraction boom, according to a revised mining code.
Prince Emmanuel’s tale pulls at the heart-strings as it informs us of the tireless fight of those who believe in the future of the Virunga National Park and the Democratic Republic of Congo.