Category: Africa

The resource curse comes to Mozambique

Hidden foreign aid to an incompetent and dishonest government is set to rob Mozambique of its gas treasure as no one can explain what happened to billions of dollars the country borrowed for a series of price-inflated, murky projects. The Institute for Security Studies (ISS) reports.

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Wanted by U.S.: The stolen millions of despots and crooked elites

The United States’ Kleptocracy initiative is aimed at holding foreign government officials to account and preventing them from using the U.S. as a haven for money looted from their own countries. Although solid wins are rare, tying up a corrupt foreign leader’s money in the courts is seen as a victory, writes Leslie Wayne for The New York Times.

Foreign aid and under-development in Africa

(April 17, 2010) Foreign aid has generally benefited the ruling elites in Africa, by among other things, enabling and perpetuating corrupt governments’ hold on power, and by extension, entrenching the pervasive underdevelopment. Over the past five decades, foreign emergency assistance to Africa has helped to avert hardship for many of Africa’s poor, but failed to promote any significant economic development.