The Iraqi cabinet passed the 2014 draft budget on 15 January, but its passage through parliament is facing a number of challenges. As well as complaints from the Kurds (see box, page 5), the budget’s failure to follow through on a 2013...
Zesco has drawn up plans to spend some $5bn over the next five years to expand its generation, transmission and distribution infrastructure and is now looking at ways to raise funds. But donor concerns are being raised about the sustainability...
Israeli diamond magnate Beny Steinmetz and three fellow directors of his Guernsey-registered BSG Resources (BSGR) have filed a damages claim against London-based Global Witness at London’s High Court over violations of the Data Protection Act (...
President Idriss Déby Itno has attempted to get tough with China National Petroleum Corporation (CNPC) over environmental violations at the Ronier field. This minor development is significant because of increased international interest in the...
Foreign donors have warned the Tanzanian government that it must take stronger action in fighting public corruption and improving governance, especially in the energy, mining and health sectors. Swedish ambassador Lennarth Hjelmåker told the...
In mid-December six judges and judicial officers were charged and taken into custody in an investigation into corruption. “In the context of the fight against corruption and financial crime triggered by the Malian government, six judges and...
Kigoma North MP Zitto Kabwe has told an investigative committee headed by attorney-general Fredrick Werema that he does not have the names of five individuals accused of stashing over $190m in Swiss banks. Kabwe, an MP for the opposition Chadema...
German engineering and services company Bilfinger SE has agreed to pay a $32m fine to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) by bribing Nigerian government officials. The US Department of Justice (DoJ) charged...
The government has promised to pay $1.5bn of the $6bn it says it owes oil firms in an effort to revive investor confidence and boost investment in the energy sector. “There is approval to pay $1.5bn,” interim prime minister Hazem El-Beblawi told...
BG Group has announced an increase in total recoverable resources for the Mzia discovery and across blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a drilling and testing campaign that confirmed the Mzia field as a second...
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