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Despite immense mineral wealth, Africa’s economic success stories are few. Outside Botswana, Ghana, Mauritius, and Rwanda, economies on the continent have been held back by decades of state interventionism, corruption, petulant government spending, and irresponsible borrowing. National debts have reached…
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What appears to be a “rude prank” is currently playing out in Liberia, a “broke” country in West Africa, where the government has announced the disappearance of $100 million worth of newly printed banknotes being taken to its Central Bank….
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Son of Equatorial Guinea’s president, Teodorin Nguema Obiang, who doubles as the country’s Vice President, has been seized with $16 million in cash and luxury watches at the Brazilian airport. The questionable items were seized from Obiang by Brazilian customs…
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In Nigeria, you need as much as US$125,000 to buy a presidential nomination form. These exorbitant amounts are aimed to keep the highest political office in the hands of the monied, the connected and the corrupt. If you were a…
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It took several years of negotiations for fastjet, a low-cost private airline based in Tanzania, to get the traffic rights to fly between Harare and Bulawayo this July. The flying distance between these two major cities in Zimbabwe is only about 228 miles—a…
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A cartel of smugglers in Ghana is making brisk business, stealing fertilizers the government of Ghana is subsidizing and shipping them to neighbouring countries for immediate sale. The government, in 2017, announced a National Fertilizer Subsidy Programme for farmers amid…
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Nigeria is losing $50 billion to illicit financial inflows (IFF) through money laundering and corruption yearly, Civil Society Legislative Advocacy Centre (CISLAC), has revealed. CISLAC Executive Director, Mr Auwal Ibrahim Musa, disclosed this in Abuja, Nigeria’s political capital, during a…
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