Featured Congo

San Marino seizes $19m from Congo dictator who spent $100,000 on crocodile shoes

The tiny republic of San Marino has confiscated €19 million (£17 million) stashed in its banks by one of Africa’s longest-serving leaders. The money was allegedly deposited by Denis Sassou Nguesso, the president of the Republic of Congo, the former French colony also known as Congo-Brazzaville. The seizure of the… Read More

Businesses in Central African union rue tough forex crackdown

Efforts by the Bank of Central African States (BEAC) to tackle money laundering and restock woefully thin foreign exchange reserves are causing dire currency shortages and delays to transactions across the six-nation currency union, businesses say. New BEAC rules introduced in June are aimed at bringing order to a monetary… Read More

Son of Congo-Brazzaville president accused of siphoning off $50m

The son of Congo-Brazzaville’s president has misappropriated $50m (£41m) of public money by routing it through shell companies and secrecy jurisdictions, according to a new investigation. Six countries in the EU, the US state of Delaware and the British Virgin Islands all played a key role in Denis Christel Sassou-Nguesso’s… Read More
18th January 2018
Police on Wednesday searched the headquarters of Belgian company Semlex, which supplies passports to various African countries, and the home of its CEO, Albert Karaziwan. About a dozen officers arrived at Semlex’s office in Brussels and at Karaziwan’s house in the city early in the morning. By early afternoon,… Read More
21st November 2017
Glencore PLC is reshuffling the board of one of its giant African copper operations following an internal review that the company said found weaknesses in its controls over financial reporting. The move comes amid an investigation by Canada’s Ontario Securities Commission, or OSC, the country’s biggest regional securities regulator, into… Read More
27th June 2017
French authorities charged the daughter and son-in-law of Congo’s President with “money laundering and misuse of public funds,” as part of a larger investigation into the assets of three African presidential families, media reported Sunday. Read More
24th August 2016
Two Australian companies are being investigated over alleged bribery scandals linked to the presidents of Sri Lanka and the Congo, after the firms sought to secure multi-million dollar contracts in those countries. A Fairfax Media and 7.30 investigation can reveal Perth’s Sundance Resources is implicated in an alleged bribery plot… Read More
7th June 2016
Concerned over Congolese President Joseph Kabila's apparent attempts to cling to power, U.S. officials are pushing for sanctions against his inner circle but running into opposition from European powers wary of moving too quickly. Read More