Posts

Joseph Kabila Party Delays Election To 2018 Despite Opposition Anger

Democratic Republic of Congo (DRC)’s governing coalition and other smaller parties have agreed to delay next month’s elections to April 2018 – a move that will anger opposition groups, which have accused the president of trying to cling on to power. Read more

The “Blood Diamond” Magnate Who Is At The center of Och-Ziff’s Bribery Scandal In Africa

Och-Ziff Capital Management Group LLC will pay $412 million and CEO Daniel Och will pay $2.17 million to resolve U.S. probes into the hedge fund’s role in bribing officials in several African countries, U.S. authorities said on Thursday. Read more

Khulubuse Zuma: Panama Connection

Khulubuse Zuma, the nephew of President Jacob Zuma, can presumably afford to lose a few million rand on Aurora Empowerment Systems after allegedly making tens of millions from oil concessions in the Democratic Republic of Congo. Read more

Randgold In Congo Gold Venture With Israel’s Gertler, State Miner

Randgold Resources Ltd. signed a joint-venture agreement with Moku Goldmines AG, controlled by Israeli billionaire Dan Gertler, to develop the Moku-Beverendi gold project in the Democratic Republic of Congo. Read more

Congo Secret Sales

Between 2010 and 2012, major mining concessions in Democratic Republic of Congo were acquired by huge international mining companies for billions of dollars. Read more