Africa Progress Panel

Headlines from the Africa Progress Panel

	Business in the Democratic Republic of Congo: Murky minerals 18 May 2013 THE business climate in Congo “is disgusting”, says an adviser to the government in Kinshasa. Any casual visitor has probably noticed. Traffic police stop cars for no reason, force their way in and refuse to leave until paid off. Tax agents arrive at company offices with seven- and eight-figure demands that—of course—can be negotiated down ... Read
	Stop the plunder of Africa 10 May 2013 With Africa’s economies riding the crest of the global commodities wave, there is an unprecedented opportunity to convert the region’s vast resource wealth into investments that could lift millions out of poverty, create jobs, and bring hope to future generations. Seizing that opportunity will require strengthened governance backed by international cooperation to stem the hemorrhage of revenues... Read
	Annan report blast ENRC for costing Congo $725 million 09 May 2013 Deals cut by Eurasian Natural Resources Corp, the FTSE 100 miner, have been lambasted for “opaque concession trading” costing the Democratic Republic of Congo $725m, in a hard-hitting report on Friday by Kofi Annan’s Africa Progress Panel. The report to be published on Friday calculates that the Congo incurred losses of $1.36bn between 2010 and 2012 as a result of the alleged... Read