The United States’ first foreign-bribery case against a hedge fund is full of dramatic detail.
The Democratic Republic of the Congo (DRC) holds the paradoxical status of possessing a rich mineral wealth at the same time as being one of the world’s least developed countries.
More than US$ 750 million in mining revenues disappeared from the coffers of the Democratic Republic of the Congo over a three-year period, according to a report released Friday.
The huge story about bribery by a New York hedge fund in Africa should have been on the front page, but the New York Times buried it in the financial section.
Congo President Joseph Kabila and his family own stakes in more than 80 companies at home and abroad that are likely worth tens of millions of dollars, a report by a U.S.-based body said on Thursday.
Democratic Republic of Congo will not hold its annual independence day military parade on Friday because of security concerns, an adviser to President Joseph Kabila said.
Congolese President Joseph Kabila on Saturday said he had never “promised anything” about whether to hold elections in the Democratic Republic of Congo, seeming to back away from a deal to hold a vote this year.
KINSHASA, – One day in November 2015, President Joseph Kabila visited his foreign ministry and smiled broadly as a computer took his photograph and fingerprints.
Between 2010 and 2012, major mining concessions in Democratic Republic of Congo were acquired by huge international mining companies for billions of dollars.