Fraud, corruption and the MTN fine

Fraud, corruption and the $5 billion MTN fine By Michael Currie MTN, Africa’s largest mobile network is reeling after a the Nigerian Communications Commission (NCC) fined the company USD $5.2 billion for failing to disconnect approximately 5.1 million customers from unregistered phone cards. The NCC calculated the fine by fining MTN USD $1,001 for each … Continue reading Fraud, corruption and the MTN fine

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

“Apartheid stole the past, corruption steals our future” – South Africa protests graft

Wake-up call for Zuma government?  Unlikely as ANC battles crises on many fronts On September 30, 2015, several major South African cities saw a significant turnout of the Republic's denizens taking to the streets, protesting rampant perceived corruption in their country: demonstrations took place, inter alia, in Pretoria, Cape Town, Polokwane, and Durban.  They numbered in … Continue reading “Apartheid stole the past, corruption steals our future” – South Africa protests graft

French Authorities Investigate Top Political Advisor in Gabon

According to recent reports, French authorities are investigating one of Gabon President Ali Bongo’s closest political advisors, Maixent Accrombessi, in relation to an alleged bribe which Accrombessi accepted from French firm Marck. It is alleged that Marck’s chairman, Philippi Belin, who has been placed under formal investigation, paid Accrombessi a bribe in relation to Gabon’s … Continue reading French Authorities Investigate Top Political Advisor in Gabon

“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

South African Government implicated in allegedly bribing FIFA for 2010 World Cup

It has recently been reported that the South African Government bribed FIFA officials to secure the 2010 World Cup. Following the arrest of seven FIFA officials in Switzerland recently, the US DOJ has alleged that the South African Government was directly involved in bribing FIFA officials to secure the 2010 World Cup. The Zuma administration in … Continue reading South African Government implicated in allegedly bribing FIFA for 2010 World Cup