ANATOMY OF CORRUPTION

By Peter O'Brien Cases of corruption are so common that you need a good excuse to write about another one. So how do we justify commenting on the South African scandals involving the Gupta family, at least one of the country’ most significant state-owned enterprises (SOE), a slew of well-known international firms, prominent local law … Continue reading ANATOMY OF CORRUPTION

Did U.S. Meddle with Zuma Corruption Investigation? There’s a new Sheriff in Town

Ex-Public Protector Criticised for Accepting American & German Funds in Effort to Stamp out Government Fraud South Africa's current holder of the Office of the Public Protector ("OPP") -- a supposedly independent government institution designed to fill an ombudsman role in public corruption investigations -- Busisiwe Mkhwebane, has reported to Parliament’s justice committee that, unlike her … Continue reading Did U.S. Meddle with Zuma Corruption Investigation? There’s a new Sheriff in Town

$1 billion per year lost to corruption: a Nigerian saga

$1 billion per year lost to corruption Recently, AAF reported on the multi-faceted PR efforts of the new Buhari regime to clean up the soiled image of "corrupt Nigerian politics" -- among other things, by staging photo ops with World Bank leaders, charging former government officials with bribery, and moving ahead on basic appointments. Today, … Continue reading $1 billion per year lost to corruption: a Nigerian saga

“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

In sync with greater enforcement: Firms’ compliance budgets grow

CCOs say that with more investigations comes (slightly) more money According to a recent survey, the budgets allocated to compliance have grown over the last year, including those of African participants in the study.  Consulting giant Deloitte has released its 2015 Compliance Trends report, the result of its survey in which 20 large corporations across … Continue reading In sync with greater enforcement: Firms’ compliance budgets grow

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?

The necessity of strong regional regulatory oversight on infrastructure projects in Africa

The necessity of strong regional regulatory oversight on infrastructure projects in Africa By Roger Tafotie Dr. Tafotie is a Pr1merio advisor with a legal & business focus on both African and European markets. A member of the Luxembourg Bar, he is also a lecturer in law at the University of Luxembourg. His focus areas include … Continue reading The necessity of strong regional regulatory oversight on infrastructure projects in Africa

Halliburton to Goodyear: FCPA risks and due diligence in foreign acquisitions

Averting their eyes from Africa: Goodyear's $16m Kenya/Angola settlement highlights risk of insufficient due diligence Andreas Stargard. "Foreign acquirers must understand and -- likely -- challenge the status quo of their new African subsidiaries" When acquiring an African company, nothing is "business as usual."  Neither pre- nor post-acquisition can foreign parent corporations simply avert their … Continue reading Halliburton to Goodyear: FCPA risks and due diligence in foreign acquisitions

Nigeria & South Africa: Two tales of anti-corruption enforcement

Nuhu Ribadu & the Scorpions: Setbacks and potential promises for anti-corruption efforts in Africa's two largest economies Two recent articles point to a convergence of missing or diminishing anti-corruption efforts in both South Africa and Nigeria. For one, Nigeria's former head of anti corruption Mr. Ribadu (whose high-provile 2012 report revealed that the country had … Continue reading Nigeria & South Africa: Two tales of anti-corruption enforcement