Tag Archives: Corruption

BOST to go Free after Trade of Contaminated Fuel in Ghana

The trade of contaminated oil by Ghana’s Bulk Oil Storage and Transportation Limited (BOST) has gone through several proceedings by the general public and formal investigation units in Ghana to help clarify and deduce any illegal or crime associated with the sale of 5 million litres of contaminated fuel to Movenpiina Company Limited. The state’s Bureau of National Investigations (BNI), after investigation, has cleared the case and concluded that there was no offense in the trade. Despite this announcement, the minority in parliament has described the decision as a seed of corruption on the path of the BNI.
According to the BNI, A lab test of the contaminated fuel from the Tema Oil Refinery indicated that out of the options available, selling the product for industrial purposes such as asphalt processing, texture and cement manufacturing was the best. This option was recommended to the MD because TOR is not refining currently and the laboratory result clearly stated that treating it would not give the required quality of AGO (Diesel).
Public Response:
An advocacy group has also released a paper as a response to the BNI in a quest to seek a more just response on the BOST contaminated fuel trade and also calling on the current government to act on the issue. read more

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SA ECONOMIC GROWTH HIT BY MINING SECTOR

Will the Chinese purchase divested mining interests? read more

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Branding Africa and debunking the myths about its potential

CAPE-TOWN, South-Africa, May 13, 2013/African Press Organization (APO)/ Africa cannot continue to be marketed as a country, when it is a continent of 54 countries, which, by 2040 will have the largest workforce in the world. The statement was made by the Economic Commission for Africa’s Executive Secretary, Mr. Carlos Lopes at the World Economic Forum on Africa this week during a session aptly titled:Myth Busting; investing in Africa.
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Donner un label à l’Afrique et briser les mythes à propos de son potentiel

LE CAP, Afrique du Sud, 13 mai 2013/African Press Organization (APO)/ L’Afrique ne peut continuer d’être commercialisée en tant que pays, alors que c’est un continent de 54 pays qui, en 2040, aura le plus gros effectif de travailleurs dans le monde. Cette déclaration a été faite cette semaine par le Secrétaire exécutifde la Commission économique pour l’Afrique, M. Carlos Lopes,à l’occasion du Forum économique mondial sur l’Afrique lors d’une séance judicieusement intitulée: « Á bas les mythes, investissons en Afrique ».
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La part africaine des investissements directs à l’étranger (IDE) mondiaux augmente depuis les cinq dernières années – Africa Attractiveness Survey

JOHANNESBURG, Afrique du Sud, 6 mai 2013/African Press Organization (APO)/
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Ethiopia: Minority Regime’s Fiefdom Syndrome

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MTN Uganda Voted as the best Mobile Telephone Service provider of the year

About MTN Uganda

Launched in 1998, MTN Uganda is the leading telecommunications firm in country with more than 7.7 million customers as of 31 December 2012. read more

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Human Trafficking and the Human Rights Agenda Against Eritrea (Part 1)

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“Competition from the East is probably the biggest challenge we face.”

Exclusive interview with Powertech CEO Neil Kayton. read more

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New Fund Will Engage Civil Society In The Battle To Stop Illicit Financial Flows From Africa

DAKAR, Senegal /PRNewswire-USNewswire/ — According to a report by the organization Global Financial Integrity, if Africa were able to stop the financial flows pouring from the continent, it would have more than enough to wipe out its external debt of about $250 billion (as of 2008). Illicit financial flows in Africa, which include drug smuggling, tax evasion, over-invoicing and underpricing is a problem that stems from collusion between governments and multinational corporations and is made worse by a lack of expertise on how to negotiate a mutually beneficial arrangement and by a lack of accountability. read more

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CHRISTOPHER MASHIGO SHARES HIS VIEW ON THE INVESTMENT SCENARIO IN AFRICA

CHRISTOPHER MASHIGO,
EXECUTIVE MANAGER – BUSINESS DEVELOPMENT
COEGA DEVELOPMENT CORPORATION read more

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UK to support efforts to combat piracy and maritime insecurity in Africa

By Wallace Mawire

The United Kingdom Ministry of Foreign Affairs has announced a new package of support for the United Nations Office on Drugs and Crime to deliver capacity building assistance worth £2.25m. read more

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Le Congo doit diversifier son économie et penser à l’après-pétrole

LES POINTS MARQUANTS
  • Le Congo dispose d’atouts qui vont lui permettre de devenir un acteur économique majeur à condition qu’il diversifie son économie
  • Le Congo doit développer le secteur privé afin de créer des emplois
  • Le rôle de la Banque mondiale est d’aider le Congo à définir des politiques qui répondent aux besoins de la population et de l’économie

Eustache Ouayoro : « Le Congo est donc l’un des pays qui doit faire la différence en Afrique »

Brazzaville – Dans une interview récente, Eustache Ouayoro, le directeur des opérations de la Banque mondiale pour les deux Congo (RDC et République du Congo), évoque les perspectives de développement du Congo. read more

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Congo Must Diversify its Economy and Think about the Post-Oil Era

STORY HIGHLIGHTS
  • Congo has assets that should allow it to become a leading economic player if it diversifies its economy.
  • Congo must develop the private sector in order to create jobs.
  • The World Bank’s role is to assist Congo in developing policies that address the needs of the population and the economy.

Eustache Ouayoro : « Congo is one of the countries that must make a difference in Africa »

Brazzaville, January, 2013 – In a recent interview with Tosolola News, a World Bank publication, Eustache Ouayoro, the World Bank country director for both Congos (DRC and Republic of Congo), talked about the development prospects for Congo. read more

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