(June 14, 2005) A report by one of Canada’s leading forensic accounting firms, Toronto-based Rosen and Associates, criticizes the 2003 annual report of Export Development Canada for not differentiating between commercial and politically-mandated activities. EDC is a crown corporation that in 2003 backstopped $51.9 billion in exports and international investments by Canadian enterprises. The Rosen and Associates study focused on the financial reporting relating to EDC’s loan portfolio.
Repudiate foreign debt, CSOs urge AU
(June 14, 2005) African civil society organisations (CSOs) have called on the African Union to be prepared to repudiate Africa’s multilateral debts, should the G8 summit scheduled for July fail to
agree on a 100 per cent debt cancellation for the continent without conditions.
SAfrica’s Mbeki fires deputy Zuma over graft case
(June 14, 2005) South African President Thabo Mbeki sacked his graft-tainted deputy and presumed successor, Jacob Zuma, after he was implicated in a high-profile corruption trial.
A truckload of nonsense
(June 14, 2005) The G8 plan to save Africa comes with conditions that make it little more than an extortion racket.
Wolfowitz supports Nigeria’s debt relief quest
(June 13, 2005) New World Bank President Paul Wolfowitz told Nigerian President Olusegun Obasanjo he hoped Africa’s biggest debtor would see progress in its quest for debt relief at a meeting of the Paris Club on Monday.
Shock as Kenya denied debt relief
(June 13, 2005) Kenyan MP Paul Muite called on Kenyan leaders to stop whining about the debt waiver initiated by Britain and suspend payment of Kenya’s debt for five years instead and redeploy the money to needy sectors such as education, health and infrastructure.
Lifting Africa’s debt sentence
(June 13, 2005) As G8 announces new relief package, observers fear cycle will just repeat itself.
Legalities in repudiating Nigeria’s foreign debt
(June 13, 2005) At no other time in history has Nigeria’s debt crisis resonated so much in national and international discourse. Viewing the issue from a legal perspective, Remi Ogunmefun advocates a legal showdown with Nigeria’s western creditors.
Grant for cancer centre was SNC-Lavalin’s commitment
(June 12, 2005) Was there a commitment from the Canadian company, SNC-Lavalin, to provide a grant of Rs. 98 crores to the Malabar Cancer Centre; and, if yes, why was it allowed to wriggle out of the obligation?
Forget the corruption, says Geldof
(June 10, 2005) Fears over corrupt African regimes should not be used to delay aid to the poverty-stricken continent, Bob Geldof said yesterday.
G-8 leaders reach compromise on African aid
(June 8, 2005) A series of communiques scheduled to be issued as the Group of Eight summit drew to a close will pledge to double assistance to reduce poverty and fight disease in Africa, the world’s poorest continent.
International Monetary Fund reform
(June 7, 2005) TESTIMONY, Subcommittee on International Trade and Finance (Washington)
Small dam collapses as flood season starts early
(June 7, 2005) As the death toll climbs above 200 at the outset of an unusually early flood season, the rumour of a disastrous dam collapse has swirled in hard-hit Hunan province, and on the Internet. So China Youth Daily sent a reporter to investigate and try to set the record straight.
It’s tyranny stupid!
(June 6, 2005) There’s a puzzling idea doing the rounds on Africa. It occasionally surfaces in Tony Blair’s speeches as Britain gears up for a G8 summit at which he will be pushing for debt write-off and a doubling in aid to African countries.
Nigeria wants to come clean
(July 6, 2005) Nigerian President Olusegun Obasanjo has submitted to lawmakers proposals for a new financial commission, saying its establishment is necessary for the nation to be removed from a money laundering blacklist.
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