Confidential U.S. government documents uncovered by campaign group Global Witness and reported on in today's New York Times, strongly suggest that Teodorin Obiang, son of the dictator of oil-rich Equatorial Guinea, purchased a $33 million private jet, a $35 million Malibu mansion, speedboats and a fleet of fast cars using corruptly acquired funds.
United Bank for Africa (UBA) Liberia Limited has signed a $10 million financing deal with Liberia's leading telecom company, Lonestar Limited; a company owned 51% by MTN Communications Limited for a network expansion programme. The deal is one of the biggest single projects financing by a commercial bank in the country and underscores UBA Group's role in project financing across Africa.
In July 2007, the Presidents and the Boards of the African Development Bank (AfDB) and the International Fund for Agricultural Development (IFAD) requested a joint evaluation of agriculture and rural development (ARD) policies and operations of both institutions in Africa. Undertaken jointly by the independent evaluation offices of both institutions, the evaluation had four objectives. These were ...
An expensive round of score-settling and legal cases among the purported financiers and conspirators behind the 2004 coup plot in Equatorial Guinea is likely to be the immediate outcome of the release of convicted plotter Simon Mann, a dual British and South African national, in Malabo on 2 November.
IF SIR Mark Thatcher was the son of an African ruler his conduct would confirm the worst prejudices of the west. Instead, as the son of former British prime minister Margaret Thatcher, he is mostly regarded as a wayward, mildly dim embarrassment.
One of the key resolutions aims at strengthening, pursuing and improving reforms of existing public procurement systems so as to make them more effective, efficient and transparent, through institutional capacity building and by ensuring systemic integrity. This will strengthen good governance and accountability in public finance as well as improved social services and poverty reduction.
The first African Water Week was organized by the AfDB jointly with the African Ministers's Council on Water (AMCOW) and held in March 2008, in Tunis. Having gathered more than 500 participants, the event was considered as a tremendous success. One of the main outcomes was a Ministerial Declaration on Accelerating Water Security for Africa's Socio-Economic Development.
President Jacob Zuma's visit to Equatorial Guinea provided a good opportunity for both South Africa and that country to proceed to review different issues relating to bilateral cooperation.
Government is satisfied by the agreement reached between Zimbabwe's ZANU-PF and the Movement for Democratic Change (MDC) recently, says International Relations and Cooperation Director General, Ayanda Ntsaluba.
BECAUSE coups should generally not be encouraged, we are uncomfortable about the prospect that President Jacob Zuma might have played an important role in the early release of four South African mercenaries who have just been granted amnesty for a failed 2004 coup plot in oil-rich Equatorial Guinea.
At the invitation of His Exellency OBIANG NGUEMA MBASOGO, President of the Republic of Equatorial Guinea, His Excellency Jacob ZUMA, President of the Republic of South Africa, carried out a Working Visit to Equatorial Guinea, from the 3rd to the 4th of November, 2009, heading a high-level delegation.
The Department of International Relations and Cooperation has confirmed the release of four South Africans by the Equatorial Guinea Government into the custody of the South African Embassy in Malabo.
President Jacob Zuma is due to visit the oil rich Equatorial Guinea today with the aim of strengthening bilateral relations between the two countries.
