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Displaying 118 results from 2009 (out of 2474 total).

The oil obstacles

The politically charged battle over Kosmos Energy's attempts to sell its stake in the Jubilee field casts a shadow over Ghana's graduation as a serious oil producer next...


Toumba on the run

More military infighting looms following a shoot-out on 3 December in which junta leader Captain Moussa Dadis Camara was hit in the head and then flown to Morocco...


Beijing's bankroll for Bong's ore

The China Development Bank promises to save China Union's US$2.68 Bong Mine project but will take an 85% stake to provide the finance and pay Monrovia

The US$2.68 billion China Union plan to revitalise Liberia's Bong Mines has not taken off, almost a year after it was first signed. Initial concerns about the little-known Chinese mining company's...


The Liberian contribution to the stir-fry

In January, Liberian officials are set to finalise negotiations for a US$1.6 billion palm oil investment deal with Indonesia's Golden VerOleum. The past year has seen a number of feasibility studies...


Mortgages and minerals

A Korean construction company has sealed a huge contract to build houses with Ghana's government in a new twist on resource trades

Accra is leading the way forward on housing development, bringing in South Korean company STX Group to build 200,000 housing units over the next five years at a cost of...


China's positioning in the Kosmos

Although Chinese companies have not yet bid for Kosmos's 30% stake in Ghana's Jubilee field, the China Development Bank has bought Beijing's companies a great deal of capital. The Ghana National...


It's not over until it's over

After winning back its oil acreage, South Korea offers pipelines, a power station and negotiations with its commercial rivals

After winning a court battle over the Nigerian government's attempt to cancel its oil production licences, South Korea's Korea National Oil Corporation is offering to finance billions of dollars of new...


A useful deal in the Delta

South Korea's state-run Land and Housing Corporation is offering investments and technical cooperation in the oil-rich Niger Delta, a move that might help the ambitions of Seoul's energy companies and appeal...


Rogues and rackets on trial

A corruption case in Geneva snares some of Nigeria’s political elite, and judges order the return of stolen state assets

The conviction in a Swiss Court on 19 November of Abba Abacha, son of former military leader General Sani Abacha, for participating in a criminal organisation together with...


Ailing president, procrastinating politics

The latest illness of President Umaru Musa Yar’Adua adds urgency to calls for far-reaching electoral and political reforms ahead of national elections due by early 2011. Despite mounting calls for Yar’Adua to step down on health grounds after he was spirited off to Saudi Arabia for treatment of acute pericarditis, his cabinet ministers insist he must remain in charge. Meanwhile, activists and opposition politicians are reorganising to challenge the incumbent People’s Democratic Party’s overwhelming grip on power.

With national elections due by early 2011. The financial stakes are huge - control of some US$100 billion of annual oil and gas revenue. The last elections in...


The opposition frontrunners

No politician in Nigeria evokes reactions as intense and sharply divided as General Muhammadu Buhari. Many people think him incorruptible and a disciplinarian and accuse him of religious...


Recycled activists, new tactics

On 24 November, the Mega Summit Movement (MSM) disclosed plans to launch a Mega Party in 2010. Its three component groups had hitherto looked more like siblings squabbling...


    Vol 50 No 24 |
  • MALI

Drugs and thugs

Interpol is investigating the fate of a Boeing jet carrying some 10 tonnes of cocaine which landed in Mali on 2 November and may have been deliberately destroyed....


The junta rewards new friends

Conakry begins stripping foreign companies of mining and oil assets for its Chinese partners as those partners turn towards Zimbabwe

While some were left asking if the US$7 billion deal signed by the China International Fund and its sister company China Sonangol International in early October had actually...


The biggest reform of all

President Umaru Musa Yar’Adua’s government is trying to win support for its new oil law by offering Delta communities a stake in the business

The Petroleum Industry Bill (PIB), which President Umaru Musa Yar’Adua’s supporters are trying to steer through the National Assembly, is meeting massive opposition from the major oil companies,...


Big oil and small print

The differences seem to be narrowing between the presidency and the critical stakeholders: indigenous and international oil companies, the Nigerian National Petroleum Corporation (NNPC) and the Federal Inland...


China's new bid for Nigerian oil

China has expressed interest in buying 49% stakes in 23 soon-to-expire oil block licences. The London Financial Times reported in September that the China National Offshore Oil Corporation...


President Koroma pledges 'We no go tire'

The country wants investment and, with a little help from his friend Tony Blair, President Koroma embarks upon a fund-raising mission in Britain

In the run-up to a fund-raising conference in London on 18 November, President Ernest Bai Koroma was pushing legal and business reforms, and making an example of corrupt...


From cowboys to corporates

For years, cowboy outfits have churned through Sierra Leone's red dirt for diamonds and gold, but now the government is getting serious about extractive industries. Listed companies already...


Abuja buys a Delta amnesty

President Yar'Adua's government has a won a respite in the Delta, but without political reform it will remain only temporary

With an eye on the 2011 elections and with oil production now well under half of the installed capacity of 2.5 million barrels per day, President Umaru Musa...


A killing in Kakata

As the government struggles to stem corruption, the head of the Public Procurement and Concessions Commission is murdered

Keith Jubah was shot dead, his body hacked and burned, in Kakata, 35 kilometres north of Monrovia, on 1 November. Nobody yet knows who killed him but he...


New faces in the justice system

Christiana Tah, Justice Minister: Formerly a Professor in the Sociology, Anthropology and Criminal Justice Department at Montgomery College, Maryland, United States, Tah is a member of the State...


Soldiers out of their depth

In the aftermath of the 28 September massacre, the junta faces sanctions and seems to have lost its way

International pressure is growing on Guinea's military junta, shut away with its weaponry in Camp Alpha Yaya Diallo in Conakry. France has cut off its military cooperation and...


To catch a thief

The choice of Burkina Faso's President Blaise Compaoré as chief mediator in Guinea's worsening crisis is curious, given that the Burkinabé leader, in league with Liberian warlord Charles...


Jammeh says what he thinks

The President's threats against human rights activists should spoil his welcome at the Commonwealth summit and elsewhere

President Yahya Jammeh is due at the Commonwealth Heads of Government Meeting (CHOGM) in Trinidad and Tobago in the second half of November. However, a televised outburst in...


Corruption claims and rows tarnish Accra's record

Oil deals, political intrigues and grand corruption conspire to undermine the country's image of economic and political rectitude

For several years, Ghana has been praised internationally as a model of political pluralism and rational economic reform, even if some of its more introspective nationals dispute this...


Britain and bribes in Ghana

Britain used to enjoy a reputation for relative decency in matters of bribes and commissions, in comparison to European counterparts such as France, Germany and Italy. That has...


Blood and money in the streets

China's business ties to the loathed Camara junta could quickly backfire

Beijing's Foreign Ministry officials are energetically distancing themselves from a US$7 billion minerals deal announced on 9 October by the increasingly isolated military regime in Guinea with the Hong-Kong based China...


The faces behind the funds

The business people, politicians and state officials behind the China International Fund (CIF) and China Sonangol International (CSI) entered the public eye in 2008 with the purchase of the publicly traded...


How the Sino-Angolan alliance works

The China International Fund (CIF) was born in the aftermath of Angola's civil war as the Luanda government embarked on Africa's costliest post-war reconstruction, fuelled by oil, gas and mineral resources....


More power for Freetown

Security has improved but political reforms and economic growth are moving too slowly to win much support for President Bai Koroma's government

Two years into his presidency, Ernest Bai Koroma of the All People's Congress (APC) can claim some successes. The Bumbuna hydroelectric dam will soon supply the capital, Freetown,...


A renewed army, an old-style police

Britain has spent millions helping to create Sierra Leone's security apparatus from scratch. The army and police protected the elections in 2007 and triumphed over smugglers in July...


A family business

Oppositionists lambast Ernest Bai Koroma's government for favouring the north-west region in its appointments, specifically the President's own Limba people and their Temne and Krio allies.


Gunning down democracy

Condemned for massacring its own people, the junta negotiates an economic lifeline with China

More than 157 unarmed demonstrators were shot down on 28 September by soldiers using rifles, daggers, machetes and iron bars. It was a straightforward massacre. Those killed...


Bankable Assets

The introduction by the Central Bank of Nigeria of polymer banknotes on 1 October has been blighted by accusations that millions of pounds in illegal commissions have been...


Why the banks stay optimistic

Oil, gas and Africa's biggest market keep the investors interested despite the increasingly desperate politics in Abuja ahead of the 2011 elections

After six weeks of billion dollar bail-outs, high-level sackings and the arraigning in court of five top executives, Nigeria’s financial sector is still robust enough to prompt paeans...


After the bank purge, back to the politics

Taken aback by the seriousness of the Central Bank’s efforts to reform the financial sector, some politicians and debtors are plotting their revenge

The targets of Central Bank of Nigeria Governor Lamido Sanusi's banking purge are beginning to fight back. Four bank chief executives have been arraigned on criminal charges and...


Trafigura and the toxic waste

The United Nations Special Rapporteur on Toxic Waste, Okechukwu Ibeanu, is challenging claims by oil-trader Trafigura and its Ivorian subcontractor Tommy that the waste they dumped in Abidjan...


After the boom, a purge

A Central Bank audit has uncovered evidence of fraud and mismanagement which implicates some leading politicians and their business partners

Like a family of latter day Medicis, Nigeria's top bankers have been prospering thanks to their acute political instincts and abilities to exploit their dominance in a tightly...


A new economic team emerges

Facing a downturn and needing an oil strategy, President Mills picks his own experts

For his Council of Economic Advisors, President John Atta Mills has picked a team with wide experience of Western financial and academic institutions. They are academics, more used...


Trafigura in court

Swiss-based oil trader Trafigura will have an eventful September before it goes on trial on 6 October in Britain's largest class action lawsuit. At the centre of this...


Wade's monumental error

A secret deal involving the sale of public land is financing an ugly statue and tourist centre, built under contract by a North Korean company

The latest grand projet from President Abdoulaye Wade - the US$30 million Monument de la Renaissance Africaine - has quickly become an extreme parody of bad government in the eyes of...


Islamists raise the stakes as they take on Yar'Adua

A militant leader lies dead after his sect fought the faltering government

Within days of a truce being declared between militants in the Niger Delta and the government, serious fighting broke out in Nigeria's poverty-ridden north (AC Vol 50 No...


Inside Boko Haram

The late Ustaz Mohammed Yusuf's Boko Haram group had about 2,000 members, some of whom had first attacked police stations in 2003. The group's rhetoric grew increasingly violent,...


MTN, militants and share claims

A tangled web of financial holdings stretching from South Africa to Ghana and Lebanon could delay plans for a US$20 billion merger of India's Bharti Airtel and South Africa's Mobile Telephone...


Undue diligence in the timber sector

Malaysian timber conglomerate Samling, which faces accusations of illegal logging, is at the centre of a storm over the bidding by foreign companies for 25-year contracts in Liberia's timber sector. The...


Amnesty not honesty

The N50 bn. amnesty deal offers a respite but will not change the corruption and environmental despoliation that fire the conflict in the Niger Delta

The Niger Delta militants take an unorthodox approach to public relations. In the morning of 12 July they launched 'Operation Moses', detonating a bomb which devastated part of...


Fifteen years of one-man rule

Few outsiders are prepared to support the doughty opponents of Yahya Jammeh's corrupt and brutal regime

Since Lieutenant Yahya Jammeh led a succesful coup just 15 years ago on 22 July 1994, he has managed his small country against strong domestic complaints, but without...


Charles Taylor gets his day in Court

Ex-President Charles Taylor's trial at the Special Court for Sierra Leone on 11 counts of war crimes and crimes against humanity will reverberate across Africa, especially those countries such as Congo-Kinshasa, Uganda and Sudan, whose politicians and rebel leaders face indictment by the International Criminal Court for war crimes. The relaying of television images showing Charles Taylor in the dock answering charges of crimes against humanity is concentrating minds, notably that of the African Union Chairman, Libya's Moammar el Gadaffi who trained and armed Taylor's soldiers.

At last, Charles Taylor gets his day in court. He took the stand before the Special Court for Sierra Leone (SCSL) for the first time on 14 July...


Obama's akwaaba moment

John Atta Mills welcomes the first African-American US President and his entourage to Ghana amid hopes for US investment and cooperation

The wet and windy weather of Ghana's rainy season will not dampen the warm welcome for United States President Barack Obama and his wife Michelle on 10-11 July....


Half-time for Yar'Adua

Yar'Adua's three new recruits may help improve the government's performance, but the problems of power generation and the Delta remain

After two years of drift, President Umaru Musa Yar'Adua and his government seem to be trying to arrest the slide. Recent appointments have bolstered the administration's competence. The...


President Tandja goes for a third term

He may deny it but President Mamadou Tandja began the process of changing the constitution to prolong his mandate in December 2008

After decades of coups and assassinations, Nigeriens had hoped that President Mamadou Tandja would stabilise the country and peacefully hand over to his successor. Instead, he decided to...


Competition for Niger's uranium

Niger is the world's third-largest uranium producer, extracting about 3,300 tonnes per year. Prices rose to US$55 per pound in June, up more than 35% since April; nuclear...


No free speech here

By gaoling opposition journalists, President Yahya Jammeh makes himself look insecure. The President, who seized power as a mere lieutenant fifteen years ago, now entitles himself President Sheikh...


Camara's reality television

Conakry's military leader regularly berates drug traffickers and corrupt businesses on the state media but is extending his stay in office

Many Guineans like Captain Moussa Dadis Camara's tough talk on state television and his increasingly tough actions, such as the mass arrests of suspected drug traffickers. Yet the...


Hide and seek

National Assembly politicians are investigating reports that tens of billions of dollars in revenue from the state-owned Nigerian National Petroleum Corporation's (NNPC) foreign subsidiaries, which have accrued over...


Wade's skyscraper legacy

Popular discontent and a lack of transparency threaten China's largest property development deal in West Africa

Kawsara in the Koran is one of the heavenly gardens promised to virtuous Muslims. In Dakar, it is the name of an ambitious property development, the Cité des Affaires Kawsara, which...


As sweet as chocolate

Despite questions about elections and stability, Chinese companies are streaming in

Western investors are waiting around on the sidelines, nervous that the outcome of Côte d'Ivoire's elections, scheduled for 29 November, may bring more instability, but Chinese investors are heading straight for...


The hunt for Tompolo

The government troops who raided the militants' hideout say they discovered secret documents listing the fighters and their political contacts

The rebel commander High Chief Government Ekpemupolo, alias Tompolo, is on the run from government forces, and the war in the Niger Delta is intensifying (AC Vol 50...


The fight gets more serious

President Umaru Yar'Adua's government is letting the military take the initiative in the Delta at the expense of a political solution

The latest government offensive in the Niger Delta is the heaviest for several years, with 3,000 troops, two warships, 14 boats and at least four helicopter gunships moving...


National, not regional

The military crackdown in the Niger Delta upsets the awkward balance between federal and state politics

In the two years since it was elected, the National Assembly has approved just five bills, including two budget appropriations covering members' salaries.Yet representatives of constituencies outside the...


The elections are coming, but don't hold your breath

With much hope and little evidence, optimistic Ivorians say that events are moving relentlessly towards some sort of political normalisation in Côte d’Ivoire – for the first time since the foiled coup against President Laurent Gbagbo in September 2002. That split the country in two: the South ruled by Gbagbo’s Front Populaire Ivoirien and the north ruled by the rebel Forces Nouvelles, which had set up its own ‘comzones’ to run the region. Now both sides are edging towards political and military integration.

At long last, a date has been set for the overdue election. On 17 May in Ouagadougou, President Laurent Koudou Gbagbo promised that 29 November was 'sure', but...


The contenders

President Laurent Gbagbo (59) is a doctor of history of the Sorbonne, France, and a prolific author. He is Bété (and wrote a book about his people)...


Akwaaba Obama

The 10-11 July visit to Accra of the first African-American President of the United States, Barack Hussein Obama,is a massive public relations coup for President John Evans...


Contract confusion

The junta leader Captain Moussa Dadis Camara's order that all mining licences are subject to immediate revocation if the government does not approve of their development plans has added more confusion...


Votes that don't add up

The rumpus over the rerun governorship election in Ekiti State on 25 April has become a symbol of the national crisis

The political stand-off continued this week in Ekiti State after the Independent National Election Commission (INEC) announced the results of the governorship election on 5 May, which had...


Welome back, Chief Tony

The return of Anthony Anenih as Chairman of the Nigeria Ports Authority says more about the President's ethical standards than Anenih's technical skills

Chief Anthony Anenih is Nigeria's ultimate political survivor. In March, 30 years after entering national politics, he was appointed Chairman of the Nigeria Port Authority, the government's second-biggest...


Wade dynasty

By promoting his son Karim Wade into the government of new Prime Minister Souleymane Ndéné Ndiaye on 1 May, President Abdoulaye Wade has revived his project for a...


Ernest's election

After seeing off his rivals in the APC, President Koroma has to find some employment for the restless youth

Against a background of heightening inter-party violence, President Ernest Bai Koroma has been re-elected leader of the governing All People's Congress at the party's national conference in Makeni...


    Vol 50 No 9 |
  • TOGO

Brothers and enemies

The Gnassingbé family that has run Togo for almost 42 years has split, opening up competition for the presidential election due next year

The two most powerful sons of the late President Gnassingbé Eyadéma have fallen out. Kpatcha Gnassingbé was arrested on 12 April (AC Vol 50 No 8), charged with...


Do or die

'Politics is a do or die affair,' according to a founder of the ruling People's Democratic Party and former head of state Olusegun Obasanjo. Some of his party...


The Mills grind slowly

Under attack from his own party as well as the opposition, the President strives to shape his government

To mark his hundredth day in office on 17 April President John Evans Atta Mills gave his government eight out of ten for trying to fight corruption, protect...


Une affaire de famille

Voters in the local elections have turned down President Wade’s political plans for himself and his son Karim

Disaster has struck President Abdoulaye Wade’s coalition, led by his Parti Démocratique Sénégalais, at the polls on 22 March. The rural, municipal and regional elections marked his first...


    Vol 50 No 8 |
  • TOGO

His father's son

The arrest of former Defence Minister Kpatcha Gnassingbé while pleading in vain for asylum outside the gates of the United States Embassy in Lomé on 15 April appears...


The Bong revival

New facts about China Union's iron ore deal reveal the failure and high costs of Monrovia's negotiating tactics

On closer scrutiny, the agreement between China Union and the Liberian government to resume iron ore production at Bong Mines hugely favours the Chinese company with only a minimal share...


Deal or no deal

The Minerals Development Agreement between China Union and the Liberian government, which Africa-Asia Confidential has seen, offers China Union royalty payments and tax exemptions that are far more generous than the...


Abuja's Asian connections

South Korea: Nigeria is South Korea's third largest trading partner and the largest market in Africa for Korean construction companies. In January 2006, Korean companies were working on 60 projects valued...


Homemade toxic assets

After some stellar years of expansion, the financial sector faces a deepening crisis

The uncertainty about the future of Central Bank Governor Charles Chukwuma Soludo reflects the drift in Nigeria’s policy over the past 18 months. Soludu, who was appointed in...


Victoria Kwakwa

World Bank Country Director for Vietnam

Ghanaian economist Victoria Kwakwa starts her job as World Bank Country Director for Vietnam in April. It is an important posting, given Vietnam's economic record over the past three...


Paying off grudges

Riots and old resentments bring fighting back to Freetown

The worst political violence to hit Sierra Leone since the 2007 election left dozens wounded this week, when supporters of the governing All People’s Congress and the opposition...


A brutal family business

President Blaise Compaoré is getting ready for his re-election in November next year, two decades after the murder of Thomas Sankara

Western donors think well of Burkinabè President Blaise Compaoré. On 11 February, Carla Bruni-Sarkozy, the wife of the French President, made Ouagadougou her first port of call as...


Waiting in the wings

François Compaoré, the President's brother, and a lawyer named Sankara (but no relation) are just some of the applicants queuing for the top job

P>After President Blaise Compaoré and Prime Minister Tertius Zongo, Burkina Faso's most senior politician is Roch Marc Christian Kaboré, National Assembly Speaker and Chairman of the National Executive...


See you in the court

Some kind of justice has been done but the Special Court has not set a good precedent for international justice

The Special Court for Sierra Leone completed its last trial on 25 February, convicting the three most senior leaders of the reviled Revolutionary United Front (RUF) of a...


Tesler trapped

Officers from Britain’s Serious Fraud Office arrested lawyer Jeffrey Tesler, 60, at his offices in Tottenham in London on 5 March in a move that will widen the...


Mutually assured destruction

The main threat to peace in Bissau is a coup d’état following the fatal bombing of the Army Chief of Staff, General Batista Tagme Na Waie, on 1...


Peace and the looming crisis

The government in Freetown has to tackle growing financial pressures as it struggles to create jobs and to improve health and education services.

Time is running out for the small group of reform-minded ministers around President Koroma, if they are not to lose the battle against the criminal and corrupt elements....


Rich resources, little investment

Sierra Leone's rumour mill is dependably strong and outrageous, but the case of African Minerals is impressive even without its wrapping of gossip. The Chairman of the company,...


A more perfect union

Beijing’s special relationship with Monrovia defies market conditions and is expanding into Guinea and Sierra Leone

The US$2.68 billion agreement signed by China Union's Chief Executive Yin Fuyou and Liberian President Ellen Johnson Sirleaf on 19 January to restart iron ore production at the old...


The born-again Bong mines

The US$2.68 billion Bong Mines deal hands the Chinese consortium led by Yin Fuyou and China Union a 25-year concession for the formerly German-owned Bong Mines in Bong Country, north-east of...


What's yours is mine and...

India's gain may prove to be South Korea's loss as local political shifts hit Nigeria's oil business

The Korean National Oil Company may take legal action in response to Nigeria's revoking last month of two lucrative concessions awarded to the company in 2005. KNOC won operating rights to...


Contract shuffles

Global financial chaos and falling demand for oil and minerals are prompting recalculations on all sides. The IMF and World Bank have revised down their gross domestic product forecasts...


Why Jos burned

A vicious mix of ethnic and religious politics set the Middle Belt capital alight and has now caused a row with the presidency

The first half of December saw the town of Jos burn, as gangs of youths took to the streets for targeted killing, criminal bloodletting and wanton destruction. By...


Ghana's votes and China's dams

The Beijing-Accra axis, which dates back to the heady Independence days of President Kwame Nkrumah's Ghana, is an important one for both sides. Beijing wants a strong economic relationship with Ghana...


Back to the battleground

After a celebrated election, President John Atta Mills takes on a fractious parliament

There was little time for Ghanaians to luxuriate in the praises heaped on them for another peaceful transfer of power on 7 January before having to confront some...


Economic facts and fantasies

Loyalists of the outgoing National Patriotic Party (NPP) government reacted angrily to World Bank Country Director Ishac Diwan's dire warnings about Ghana's economy. Estimating the government's budget deficit...


A gathering storm

Plummeting oil prices, rising inflation and a chaotic foreign exchange market challenge the new economic team

Oil Minister Rilwanu Lukman and Finance Minister Mansur Mukhtar are leading Nigeria's management of its worse economic crisis for two decades. The steep fall in world oil prices,...


A popular putsch, so far

The junta is purging the army, reviewing mining contracts and has been given just six months to organise elections

Guinea's new leader, Captain Moussa Dadis Camara, faces formidable difficulties in holding together the junta as rival military factions circle in search of largesse and political influence. Camara's...


The new men under fire

Some of the Comité National pour le Développement et la Démocratie junta's appointments have been heavily criticised. Chief among these is military leader Moussa Dadis Camara's old friend,...


Yom Ashura

Forgiveness and tolerance are key to Gambia and Senegal's celebration of the Islamic holy day of Yom Ashura (the tenth day of the Islamic New Year), this year...


Two and a half cheers for democracy

Ghanaians show the rest of Africa how it can be done

Ghanaians start the year with a collective sigh of relief that the close-run parliamentary and presidential elections did not descend into political mayhem (AC Vol 49 No 25)....


Displaying 118 results from 2009 (out of 2474 total).