Tag: Corruption

Zimbabwe’s tourism minister has been detained, here’s why

Mupfumira, a senior member of the ruling ZANU-PF party, was previously labour minister who oversaw the $1 billion state pension fund. He has been detained for questioning by a newly formed...

Kenya’s finance minister denies corruption charges

Kenya’s Finance Minister Henry Rotich pleaded not guilty on Tuesday to corruption charges. Rotich, who spent the night in a police cell, is accused alongside other senior officials.

Op-Ed: On corruption: How South Africa’s new leader can replace bold promises with bold action

While holding corrupt leaders accountable sends a powerful message, if Ramaphosa’s long-term strategy does not include investments in innovations that lead to prosperity creation, he’s effectively snipping the buds while the roots remain intact.

Henry Rotich on demonetisation of Kenyan currency

Recently Kenya's President Uhuru Kenyatta announced that in a bid to fight among other things corruption, money laundering and counterfeit currency, the country's 1,000 shillings note would be discontinued by October 1st. CNBC Africa's Arnold Kwizera caught up with Henry Rotich, Kenya's Cabinet Secretary for the National Treasury at the Africa 50 GSM for more.

Breaking investment roadblocks in East Africa

According to the United Nations, lack of adequate infrastructure and access to finance are some of the challenges hampering investment in Africa and lower the level of economic transformation despite strong economic growth. In East Africa, corruption is cited as the biggest challenge. Christophe Charlier, Chairman of Renaissance Capital joins CNBC Africa to discuss this and the bank’s footprint in the region.

Explainer: What are the lessons learned from the collapse of South Africa’s VBS Mutual Bank ?

VBS financial losses prompted a decision to institute a forensic investigation.

Osinbajo surprised by the level of corruption in government

Representing President Muhammadu Buhari at the Nigerian Economic Summit, Nigeria's Vice President Yemi Osinbanjo says his greatest surprise in office was grand corruption, he also noted that by diverting government revenues to private use, resources are not available to be invested in the manner that they are planned to benefit the majority of people. This year’s summit focuses on moving Nigeria from poverty to prosperity as it strives to make governance and institutions work.