Search Results for: Cameroon
10 results out of 91 results found for 'Cameroon'.
CAMEROON PUSHES AHEAD WITH MAJOR 420MW HYDRO PROJECT – DIVERSIFYING IMPORTANT AFRICAN POWER MARKET
In most urbanised industrialised economies, the current focus on renewable energy growth is on wind and solar. Lacking untapped river resources, major hydro-electric projects are rare. However, in larger and more rural countries, especially those still industrialising, large-scale hydro is still an option.…
THE GREAT LAKES REGION IS SEIVE OF DIRTY MONEY GENERATED BY CRIMNAL GROUPS
The Great Lakes region in cenztral and eastern Africa is exceedingly resource rich, and being beset by instability and conflict, it is highly attractive for illicit trade and financial crime fuelling money laundering. A new European Union (EU) Great Lakes Strategy is trying to promote the rule of law in the region – notably Rwanda, Burundi, Uganda and the eastern provinces of the Democratic Republic of Congo (DRC) – but faces major challenges.…
STUDENTS CAUGHT UP IN TUNISIAN BORDER BLACK AFRICAN EXPULSIONS SAYS HUMAN RIGHTS GROUP
Humanitarians have claimed that sub-Saharan university students were part of mass border expulsions by Tunisian security forces in July as universities within the north African country note reduced registrations by black African students.
Tunisian humanitarian association Enfants de la Lune’s https://www.facebook.com/XPtunisie…
FATF WARNS THAT GOVERNMENTS ARE FAILING TO IMPOSE VASP AML RULES
The June plenary of the Financial Action Task Force (FATF), which wound up today (Friday June 23), has warned that almost 75% of jurisdictions worldwide are failing to implement its AML standards on virtual assets and virtual asset service providers (VASPs).…
BLACK SUB-SAHARAN STUDENTS TRY TO FLEE TUNISIA AFTER WAVE OF MASS ARRESTS AND VIOLENCE
Students from sub-Saharan African countries are warning they are ready to abandon degree courses in Tunisian universities and colleges, fleeing this north African country in the wake of mass arrests of compatriots and racial violence this month.
Christian Kwongang, president of the Tunisian Association of Sub-Saharan Students (Association des Étudiants et Stagiaires Africains en Tunisie – AESAT) said that as of March 7, at least 400 sub-Saharan African students had been arrested in immigration sweeps by police, and there had been more than 30 racially motivated physical attacks by the against black African students over the past year.…
MINING MAJOR GLENCORE TO PAY GBP280 MILLION IN UK FINES OVER AFRICAN OIL BRIBERY
International and Switzerland-based mining major Glencore has settled UK bribery cases brought by Britain’s Serious Fraud Office (SFO), accepting a GBP280.9 million (USD314.5 million) penalty ordered by Southwark Crown Court, London.
This followed an SFO investigation revealing that Glencore Energy UK had paid USD29 million in bribes to gain preferential access to oil in Africa between 2011 and 2015.…
DIGITAL INNOVATORS LOOK TO SPEAK GROWTH IN AFRICAN COTTON PRODUCTION AND TERADE
INTRODUCTION
With the textile industry under pressure from consumers, regulators and standards to become more sustainable, companies are looking at all aspects of the supply chain – including upstream to fibre production. Digitalisation has a key role to play here, especially in supplier countries where the use of such technology is weak – such as in Africa.…
GLENCORE UK CONVICTED ON SEVEN COUNTS OF INTERNATIONAL BRIBERY
Glencore Energy (UK) has been convicted on seven charges of international bribery under the UK Bribery Act 2010, including two of corporate failure to prevent bribery. In a case brought by the Serious Fraud Office (SFO), at Southwark Crown Court on June 21, Glencore admitted to multiple counts of paying bribes in Africa to secure preferential access to oil and generate illicit profit.…
ISLAMIC STATE: STILL IN BUSINESS
While the Islamic State in Iraq and Syria (ISIS) is a shadow of its former self in the Middle East, it has spawned global affiliates and is still very much in business, posing ongoing terrorist financing threats.
At the peak of its power as a self-declared Islamic Caliphate in 2015, ISIS controlled around a third of Syria’s territory and 40%of Iraq, with some 7.7 million people under its rule.…
GLENCORE TO PAY ALMOST USD1.2 BILLION TO SETTLE BROBERY AND MARKET MANIPULATION CHARGES
Switzerland-based multinational mining and energy group Glencore will pay almost USD1.2 billion in fines and penalties to the US, UK and Brazil for corrupt and dishonest trading, including bribing African officials and illicitly manipulating oil market prices.
With prosecutorial investigations continuing in the Netherlands and Switzerland, Glencore said yesterday (Tuesday 24/5) that it would set aside USD1.5 billion to settle all cases relating to this malpractice.…