(July 21, 2004) The only “real punishment” companies convicted of corruption find meaningful are sanctions from international donor and lending agencies, said Mr Penzhorn, who likens a company’s loss of livelihood to an individual’s loss of liberty.
U.S. Congress pressed to tighten anti-corruption laws in wake of Equatorial Guinea oil scandal
(July 20, 2004) A Senate report found that a prominent Washington bank helped top officials of the West African nation of Equatorial Guinea steal hundreds of millions of dollars in oil revenues.
Acres accused of still owing $2-million in fines
(July 19, 2004) Convicted of bribing an African official, company says it’s paying penalty in stages.
Acres accused of still owing $2 million in fines
(July 19, 2004) Durban and Toronto:The prosecutor who won a precedent-setting bribery case against Acres International in Lesotho says the Canadian engineering firm has yet to pay the bulk of its fine and owes the equivalent of nearly $2 million.
U.S. asks Lesotho bribe prosecutor to attend inquiry
(July 18, 2004) Guido Penzhorn who has been successfully prosecuting mutinationals for corruption in Lesotho, has been invited to appear before the U.S. foreign relations committee in its hearings on corruption in World Bank-funded projects.
‘Forgive Africa’s debt and use cash to combat Aids’
(July 17, 2004) The head of the United Nations agency for Aids called yesterday for the foreign debt of African countries to be forgiven and the money put into programmes to tackle the Aids epidemic.
Nairobi ‘unlikely’ to break IMF impasse
(July 15, 2002) The stalemate preventing Kenya from regaining access to World Bank and IMF credit is also jeopardising the country’s chances of negotiating lenient loan-repayment terms with the Paris Club of donors.
Corrupt influence by Big Oil alleged
(July 15, 2004) Senate panel uncovers deals in West Africa.
Bank, Big Oil tied to African payments
(July 15, 2004) Congress finds millions were sent to the rich and powerful in Equatorial Guinea after a probe that started with the venerable Riggs Bank.
British envoy denounces Kenya’s ‘looting spree’
(July 15, 2004) Leadership ‘eats like a glutton’: Country faces losing international donors if corruption not stopped.
Heed not the cynics, Africa
(July 13, 2004) There will be a time when the democratic transition South Africans achieved 10 years ago will no longer be considered a miracle.
Anti-Bush lobby missing chance on debt write-off
(June 11, 2004) If this is the long-awaited Europe-US reconciliation on Iraq, it does not add up to much.
UK calls for world rethink on trade politics
(July 8, 2004) A senior United Nations economic adviser has suggested that impoverished African countries should refuse to pay foreign debt worth tens of billions of dollars.
Don’t pay foreign debt, African countries urged
(July 7, 2004) A special adviser to United Nations Secretary General Kofi Annan has said African countries should refuse to repay their foreign debts.
UN’s oil-for-food program in Iraq to be probed
(July 7, 2004) Independent US Committee promises careful investigation of alleged corruption in UN oil-for-food program in Iraq.
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