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Economic trickery, fraud and crime in Africa

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26 Mar

Posted at 10:42h in Blog, Economic trickery, fraud and crime in Africa, Featured by
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Across the world the extent of corporate collusion raises a range of fundamental questions relating to the manipulation of markets and capture of the policy agenda by private companies. Little is known about the extent of such collusion in so-called developing countries, in Africa in particular. Based on recent research for ROAPE, Thando Vilakazi argues that the form and extent of collusion across much of the continent points to limitations of conventional ‘governance fixes’, namely competition law, to address private cartels in Africa....

20 Sep

Posted at 11:18h in Economic trickery, fraud and crime in Africa, Featured, Reviews by
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Nataliya Mykhalchenko reviews a book that describes the devastating impact of tax havens and capital flight for Africa. The book details the intricate relationship between capital flight, global corporations, bank secrecy and the elites, i.e. the power-accumulation nexus. As a proportion of total wealth, Africa is the most afflicted continent in the world. For example, elites on the continent hold approximately USD 500 billion in financial wealth offshore, roughly 30% of total financial wealth held by Africans....

14 Sep

Posted at 08:50h in Capitalism in Africa, Economic trickery, fraud and crime in Africa, Featured by
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After the manifest failure of microcredit to address poverty in Africa and everywhere else, the international development community has hit upon a new microcredit-related idea that, it claims, will do the job this time around: ‘fin-tech’, i.e. financial technology. In this blogpost Milford Bateman argues fin-tech has the potential to gravely undermine the position of the poor and to increase inequality while, not coincidentally, vastly enriching a narrow elite. ...

03 Sep

Posted at 15:16h in Economic trickery, fraud and crime in Africa, Featured by
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In this blogpost Christiaan De Beukelaer and Martin Fredriksson contribute to roape.net’s ongoing discussion on fraud, economic trickery and crime in Africa today by initiating a critical discussion about the war on piracy. Ghana’s economy might look like a success story with a continuously growing GDP, but the statistics actually hide growing inequalities which also creates stronger breeding grounds for informal markets of various kinds....

01 Mar

Posted at 11:20h in Economic trickery, fraud and crime in Africa, Featured by
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In a blogpost jointly published with Tax Justice Network, Nataliya Mykhalchenko asks whether the emerging effort to curb both illicit financial flows and tax avoidance is a global fight and not just another global flight driven by certain powerful entities and interest groups trying to avoid paying tax. Given that the issue has universal significance and undermines the development of many countries in the Global South, more research (and campaigning) is needed in order to understand the nature of these initiatives and the forces behind them....

14 Feb

Posted at 18:29h in Economic trickery, fraud and crime in Africa, Featured by
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In a new book on the neoliberal moral economy in Africa, Jörg Wiegratz writes how there has been a high intensity of moral-economic interference of foreign, especially Western actors to promote a particular capitalist moral order in contemporary African societies. In this blog-post introducing his book, Wiegratz argues that the moral economy of a country is not just made by domestic but also foreign forces, and, that given morals are in many ways an outcome of politics....

11 Aug

Posted at 12:33h in Economic trickery, fraud and crime in Africa, Featured by
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In the second part of her investigation into Angola's oil giant Sonangol, Liliane Mouan returns to the ongoing restructuring and asks whether these reforms will deliver greater openness and transformation. As she concludes, 'Angola’s rulers are well aware that this international legitimacy requires a restructuring process that retains at least some semblance of integrity, even if it simply means putting the corruption somewhere else.'...

02 Aug

Posted at 11:31h in Economic trickery, fraud and crime in Africa, Featured by
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In the first of a two-part blog post Liliane Mouan looks to the restructuring of the Angolan oil sector and state oil company Sonangol. The country retains the image of an oil kleptocracy, with the fate of Sonangol tied to a political dynasty. This blog asks what do these reforms tell us about political-economic change in Angola?...