The X, Y and Zumas of the ‘Panama Papers’ leak By AAT & AAF author, Michael-James Currie. During the week of 04 April 2016, headlines around the world reported on what may turn out to be one of the most significant developments in the fight to combat the use of offshore accounts for purposes of … Continue reading Caprikat, Foxwhelp & Aurora: The Tip of Africa’s ‘Panama Papers’ Iceberg?
“Just a math issue”: Anti-Corruption Efforts in Kenya take Center-Stage for Obama
Anti-Corruption Efforts will Require some "Visible Prosecutions" President Obama opined that it was "absolutely the right thing to do for President Kenyatta [to] emphasize" the Kenyan government's stepped-up anti-corruption efforts. He called public corruption potentially "the biggest impediment to Kenya growing even faster." "Just a math issue" Business efforts being "constantly sapped" was a real … Continue reading “Just a math issue”: Anti-Corruption Efforts in Kenya take Center-Stage for Obama
Increased anti-corruption enforcement across Africa?
Chimera or Reality -- Is Africa stepping up its anti-graft game? If one is to believe the media attention that has been bestowed upon anti-corruption enforcement by various African jurisdictions, there has been an uptick in successful anti-graft campaigns across the continent. Or is there...? Has Africa truly embraced the prosecution of well-to-do businessmen and … Continue reading Increased anti-corruption enforcement across Africa?
“Tender-preneurs” holding back tech investment in Africa
Will technological tender process end the reign of "tender-preneurs"? Biztech Africa's Tom Jackson reports from Connected East Africa conference in Diani, Kenya, that former Kenyan permanent ministry secretary Dr Bitange Ndemo has given a speech on how corruption is holding back technological investment in the country. The paper reports that development as a tech hub … Continue reading “Tender-preneurs” holding back tech investment in Africa
Perceived Corruption Hampers Asian Investment in Kenya
Chinese Investors See East African Corruption As Hurdle to further Investments Welcome to 2015, AAF readers. Our editors and staff are looking forward to a great New Year of providing you with news and insights into anti-corruption and fraud-prevention on the African continent. Our first story of the year hails from East Africa, when … Continue reading Perceived Corruption Hampers Asian Investment in Kenya
FCPA investigation hits FedEx in Kenya
Kenya and FedEx: Possible breach of FCPA anti-bribery provision According to Wall Street Journal and Law360 reports, two powerhouses (one country, one company) are involved in a recent self-reported FCPA violation: FedEx Corporation has reported possible infractions of the foreign anti-bribery law in Kenya to the United States Department of Justice. According to the … Continue reading FCPA investigation hits FedEx in Kenya
East Africa: “Rampant corruption” hinders economic development
Tanzania Private Sector Foundation (TPSF) Chairman warns of injury to economic development, emphasises importance of single standard In a report by Charles Ngereza, the head of the 231-member strong TPSF was quoted as highlighting the importance of ensuring that a single standard must govern corrupt conduct by both domestic and foreign entities and individuals. Speaking … Continue reading East Africa: “Rampant corruption” hinders economic development