Featured Africa

Kenyan finance minister arrested on graft charges

Kenyan Finance Minister Henry Rotich was arrested on Monday on suspicion of financial misconduct related to the construction of two dams, an unprecedented detention of a sitting minister for corruption in a country notorious for graft. The charges against Rotich stem from a police investigation into the misuse of funds… Read More

Ex-Credit Suisse Banker Admits Kickbacks in Mozambique Scam

A former Credit Suisse Group AG banker admitted taking millions of dollars in kickbacks as part of a scam that involved as much as $2 billion in loans to Mozambique state-owned companies. Andrew Pearse, 49, a former managing director, made the admission Friday as he pleaded guilty… Read More

Senegal’s Offshore Oil Reserves a Pricey Pawn in Covert Deal

A Romanian-Australian businessman with a history of fraud, corruption, and misleading investors appears to have received at least $650 million from a West African oil and gas deal carried out with the help of well-positioned relatives of two consecutive Senegalese presidents. The sweetheart deal cost Senegal hundreds of millions of… Read More
11th July 2019
Algeria’s supreme court on Wednesday placed former industry minister Youcef Yousfi in custody over alleged corruption, state television reported. Yousfi became the latest senior official to be detained in anti-graft investigations since protests erupted earlier this year demanding the prosecution of people seen by demonstrators as corrupt, as well as… Read More
9th July 2019
AP — A federal grand jury in New York is investigating top Republican fundraiser Elliott Broidy, examining whether he used his position as vice chair of President Donald Trump’s inaugural committee to drum up business deals with foreign leaders, according to documents obtained by The Associated Press and people familiar… Read More
5th July 2019
Lenders in the DR Congo will move to tackle money laundering at the request of the United States, which has expressed support for new president Felix Tshisekedi, the mineral-rich country’s banking association said. The US Treasury and State Department had asked Congolese banks to put measures in place against sanctions-busting,… Read More
4th July 2019
Uladi Mussa, a senior aide to Malawi President Peter Mutharika, and his wife Cecilia have been banned from entry into the United States due to allegations of “significant corruption”, the U.S. Embassy said on Wednesday. “In cases where the Secretary of State has credible information that foreign officials have been… Read More
26th June 2019
Tanzania has tightened its currency controls with new regulations on foreign exchange bureaus, in what authorities say is an ongoing fight against money laundering and currency speculation. The new rules, published Monday by the central bank, come months after the government revoked the licences of around 100 bureaus and temporarily… Read More
25th June 2019
AP — Lamine Diack, once one of the most influential men in Olympic sport, has been ordered to stand trial in France for his alleged role in a system of corruption, extortion and doping cover-ups during his reign at the top of athletics. Diack was head of the IAAF for… Read More
18th June 2019
Secretary of State Mike Pompeo has blocked the inclusion of Saudi Arabia on a U.S. list of countries that recruit child soldiers, dismissing his experts’ findings that a Saudi-led coalition has been using under-age fighters in Yemen’s civil war, according to four people familiar with the matter. The decision, which… Read More
17th June 2019
Sudan’s ex-president Omar al-Bashir was charged with corruption-related offences on Sunday, as he appeared in public for the first time since he was overthrown and detained in April. Looking much the same as prior to his removal by the military, he was driven to the prosecutor’s office in Khartoum. He… Read More
14th June 2019
Algeria’s supreme court on Thursday remanded ex-prime minister Abdelmalek Sellal in custody over graft allegations, state TV said, in a crackdown on alleged corruption and cronyism among associates of former president Abdelaziz Bouteflika. The court later ordered the detention of former trade minister Amara Benyounes over his alleged involvement in… Read More
14th June 2019
Western Union Financial Services, Inc. has agreed to pay the US Treasury Department’s sanctions arm $401,697 for processing thousands of transactions over a 4-year period on behalf of a subagent that had been blacklisted for links to terrorism. The Colorado-based money services business began working with Gambia-based subagent Kairaba Shopping… Read More