(February 9, 2007) Quite often when you read newspapers, listen to radio and watch television in the West you learn how poor Africans are and how corrupt African leaders are. But you will never watch, read or hear anything in these media outlets about the role being played by Western banking institutions; property development and estate companies; the big corporations; and the western political and business elite in promoting corruption in Africa.
(January 23, 2007) Prof. Wangari Maathai, the Nobel Peace Prize winner of 2004, said Kenya had so far repaid more than $51 billion on external debt, the professor described as ‘suspect.’
(December 12, 2006) An International Centre for the Settlement of Investment Disputes tribunal has struck out a lawsuit against the Kenyan government over a contract dispute after it discovered the contract had been secured illegally through a US$2 million bribe paid to former President Daniel arap Moi.
(December 12, 2006) Deprived of the funds needed to develop their economies by the corruption-obsessed West, African countries are turning to China.
(December 11, 2006) British company accused of bribing officials connected to the Lesotho Highlands Water Project as part of a consortium led by convicted German company, Lahmeyer.
(November 23, 2006) China lending to Sub-Saharan African countries and debt campaigners’ increased emphasis on creditor responsibility poses new challenges for World Bank.
(November 16, 2006) Malawi police have arrested vice president Cassim Chilumpha on corruption charges, intensifying a political crisis that is paralysing the impoverished southern African country.
(November 14, 2006) Campaigner against corruption in the Republic of the Congo is arrested for defaming president: latest move in a campaign of judicial harassment against activists denouncing the looting of Congolese public funds, says international NGO.
(November 8, 2006) By paying bribes to the Lesotho Highlands Development Authority’s chief executive, the engineering company Lahmeyer International engaged in punishable activities, the World Bank’s Sanctions Committee found.
(November 8, 2006) But some say the sanction is too late in coming.
(November 7, 2006) The World Bank has suspended contracts to the German engineering firm, Lahmeyer International, after finding the company guilty of paying bribes in the multi-billion dollar Lesotho Highlands Water Project (LHWP).
(November 6, 2006) The World Bank has declared Lahmeyer International GmbH (Lahmeyer), a German company, ineligible to be awarded Bank-financed contracts for a period of seven years, because of corrupt activities in connection with the Lesotho Highlands Water Project (LHWP). The period of ineligibility may be reduced by four years if the Bank determines that Lahmeyer has met specific compliance conditions and fully cooperated with the Bank in disclosing past sanctionable misconduct.
(October 31, 2006) The multi-billion dollar aid industry has largely failed in Africa. Not only have they failed along with others in the aid industry, most nongovernmental organizations (NGOs) have become part of the problem. Not that they will admit their failure.
(October 20, 2006) “Basically, this money has gone to waste." More than $380 billion has either been stolen or wasted by Nigerian governments since independence in 1960, Nigeria’s chief corruption fighter has said.
(October 19, 2006) Corruption also scares away investors, affects development, entrepreneurship and impedes growth. Sir Quett Ketumile Masire, former president of Botswana has said Africa loses more than $148 billion annually due to corruption.