Ecobank chairman Kolapo Lawson was forced to stand down in late October after concerns were raised about corporate governance. Media reports said Lawson agreed to go after board members meeting in Ghana decided his departure was necessary to...
Human Rights Watch (HRW) on 21 October released a 63-page report, ‘Letting the Big Fish Swim’, which details how the Ugandan government has failed to hold to account senior officials implicated in the theft and diversion of public funds. ...
Central bank governor Yussur Abrar, the first woman to occupy the post, has resigned after only seven weeks in the job, citing corruption concerns. In a letter to Somali President Hassan Sheikh Mohamud, widely reported in the media, she said...
The largest energy investor in Iraqi Kurdistan, Sharjah-based Dana Gas, has begun arbitration proceedings against the Kurdistan Regional Government (KRG) at the London Court of International Arbitration. Dana and its partners in Iraq say they...
The US Foreign Account Tax Compliance Act (Fatca), which is intended to prevent tax evasion by Americans living abroad, will be applied to all financial institutions operating in the Gulf Co-operation Council (GCC) region from July 2014, obliging...
Africa Oil Corporation has announced a brokered private placement of up to 56.5m shares to raise $450m. The shares will be placed on a best efforts basis by a syndicate of Citigroup Global Markets, Dundee Securities Europe and Pareto Securities...
Hyperdynamics said on 30 September the US Department of Justice had issued a subpoena asking it to produce documents relating to its business in Guinea. “The company understands that the DoJ is investigating whether Hyperdynamics’ activities in...
Some departures were more significant than others in a wave of reshuffles of the Algerian political/security establishment during September. The moves seemed to represent an unexpected return to form for ailing head of state Abdelaziz Bouteflika...
The images and tales that emerged from Al-Shabaab’s attack on Kenya’s Westgate mall were searingly dreadful. Mothers shielding toddlers, blood pooling on tiles, the sheer terror of gunfire in what was supposed to be a benign location. Rarely has...
With further progress in its electricity privatisation, increased food production due to investment in agriculture, and capital markets responding favourably to banks and bonds, it is easy to be drawn into the bubble of optimism that has built...
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