đź”’ Glencore fined for bribing its way across Africa
A judge handed down a penalty of £276 million for Glencore’s conduct, on top of around $1.1 billion the company has already paid.
A judge handed down a penalty of £276 million for Glencore’s conduct, on top of around $1.1 billion the company has already paid.
“Tensions between the country’s civilian and military leaders have been escalating amid a spiraling economic crisis,” reports The Wall Street Journal.
SA will kick off its planned $1bn investment in South Sudan’s oil sector as part of a drive to boost crude output that’s dwindled after years of conflict.
Just released is 2017’s annual survey of the World’s Best and Worst Airports compiled by Sleepinginairports.net, which asks travellers to rate airports.
The $5.2bn Nigerian fine has put MTN leader Phuthuma Nhleko between a rock and a hard place. Shareholders are now calling for the group to switch onto a conservative path.
SABMiller reported a decline in full-year profit as it was saddled with charges related to some African operations and costs associated with the AB InBev takeover.
Beijing’s selection of South Africa to host the China-Africa heads of state summit may indicate Chinese President Xi Jinping’s personal commitment to the continent. This is the first time the summit is being held at this level in Africa.
Chinese President Xi Jinping will propose “new thoughts, new policies and new ideas” for developing ties with Africa, Foreign Minister Wang Yi told reporters.
The US’s Africa Growth and Opportunity Act, signed into law by President Bill Clinton in May 2000, was a political move with good intentions – offering a helping hand to the continent.
Liberty Holdings is in the final stages of buying an asset management firm in Ghana and is also looking to Ethiopia, Rwanda and Nigeria for potential deals, its chief executive said on Wednesday.