EU blacklists 4 African Countries for money laundering

The European Union (EU) has blacklisted Ghana among several other countries for money laundering. Three other African countries have been blacklisted – Botswana, Mauritius and Zimbabwe. The EU said under the Anti-Money Laundering Directive (AMLD), the Commission has revised its list, taking into account developments at the international level since 2018 and that the “new list is now […]

Guinea Bissau Prime Minister, several Ministers test positive for COVID-19

The Prime Minister of Guinea Bissau, Nuno Gomes Nabiam has tested positive for COVID-19, according the country’s Ministry of Health. A BBC report sighted by BestNewsGH.com also reveals that the Country’s Interior Minister as well as two other Ministers have also contracted the Virus. BestNewsGH.com reports the Prime Minister as positing that several Members of […]

Uganda: MPs asked to return $5,000 they each received to raise awareness on COVID-19

MPs in Uganda who allocated themselves a total of 10bn Ugandan shillings ($2.6m; £2m) to raise awareness about coronavirus have been ordered to hand back the money. Each MP was set to get the equivalent of $5,000, although some rejected the cash. Uganda’s President Yoweri Museveni criticised the MPs and called their decision to allocate funding to […]

Ivorian Presidential Candidate and former Prime Minister Guillaume Soro jailed 20 years and fined $7.4m

The Ivorian presidential candidate and former rebel leader, Guillaume Soro, has been convicted in absentia of embezzlement and sentenced to 20 years in jail. He was fined the equivalent of $7.4m (£6m) and barred from civic duties for five years. The trial was boycotted by Mr Soro’s lawyers who said the allegations against him were […]

Tanzania: President cancels $10billion Chinese loan; says terms and conditions can only be accepted by a drunkard

Is Magufuli a demigod or the general African leadership has started stepping up to Chinese Killer loans? Let’s digest it. A few years back, African leaders developed a sudden inexplicable craze for Chinese killer loans with terms and conditions that beats logic. They sign Chinese loan agreements that they know very well they cannot pay back […]