Tag Archives: Corruption
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).
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.
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.
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 ».
La part africaine des investissements directs à l’étranger (IDE) mondiaux augmente depuis les cinq dernières années – Africa Attractiveness Survey
By Simon Tesfamariam
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.
EXECUTIVE MANAGER – BUSINESS DEVELOPMENT
COEGA DEVELOPMENT CORPORATION
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.
- 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
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.
- 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.
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.