And Don’t Even Mention the Russians…

Another look at South African economic & fiscal reality By AAF Guest Contributor James Greener, Ph.D. Minister Gigaba told us very little that we did not already know about the poor shape of the government’s finances. However, his unusual approach was actually to say as much and while he has been praised mightily for this, … Continue reading And Don’t Even Mention the Russians…

$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

Money laundering, $2bn phantom contracts, and Boko Haram

Nigeria moves on its anti-corruption promises: Former Defence Minister charged Reuters and BBC have reported that former Nigerian Defence Minister, Bello Haliru Mohammed -- a veterinarian by training who served in several ministerial positions, most recently under former President Goodluck Jonathan -- has been charged with money laundering and related corruption counts. He is no stranger to … Continue reading Money laundering, $2bn phantom contracts, and Boko Haram

From Managing Director to President: Get rid of corruption!

IMF's Lagarde to Nigeria's Buhari: Country needs to strike balance, yet ensure long-term anticorruption measures By Michael James Currie. The managing director of the International Monetary Fund, Christine Lagarde, welcomed Nigeria’s anti-corruption campaign which has been significantly pushed by President Buhari who was elected in May 2015. The Buhari administration is moving towards developing a strong … Continue reading From Managing Director to President: Get rid of corruption!

New cabinet positions announced, but no anti-corruption minister in sight

Key Nigerian ministerial positions announced, with long delay The swearing-in of Nigeria’s new members of President Muhammadu Buhari’s cabinet took place in his villa in Abuja, notably after an almost six-month delay (hence the popular moniker for the new leader, “Baba Go Slow”). As Andreas Stargard, a director with African anti-corruption advisors Pr1merio, points out, … Continue reading New cabinet positions announced, but no anti-corruption minister in sight

How a Billionaire Changed Corrupt Government: Dangote vs. Mugabe

Did a Nigerian CEO single-handedly wipe out source of Zimbabwean 'indigenisation' corruption? The Zimbabwean economy has been struggling hard under the regime of President Robert Mugabe for years, having contracted as much as 40-50% and suffering from galloping inflation rates of over 79 billion % (so-called hyper-inflation, which is exceedingly rare today).  This has, in turn, led to … Continue reading How a Billionaire Changed Corrupt Government: Dangote vs. Mugabe

Buhari to the rescue: Tackling corruption in Africa’s largest economy

"The wind of change is blowing through this continent..." Perhaps reminiscent of the “Winds of Change” (the speech delivered in 1960 by British Prime Minister Harold Macmillan to the Parliament of South Africa in Cape Town), the recent address given by new Nigerian President Muhammadu Buhari at the United Nations represents a political milestone in seeking to eradicate … Continue reading Buhari to the rescue: Tackling corruption in Africa’s largest economy

“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

Kenya suspends 16 officials for corrupt acts, including 4 ministers

As the BBC reports, Kenyan President Uhuru Kenyatta has suspended four members of his cabinet in addition to 12 other government officials due to their being implicated in allegations of corrupt acts.  The primarily affected ministries were transport, energy, labour and agriculture.  (UPDATE: A fifth minister vacated her post on Sunday, three days after the original action by … Continue reading Kenya suspends 16 officials for corrupt acts, including 4 ministers