“Corruption Hinders Progress: Insights from Business Africa”

“Corruption: A Major Barrier to African Advancement”, The annual conference of anti-corruption agencies from Commonwealth African states convenes in Accra from May 6th to 11th. This assembly coincides with the stagnation of the Corruption Perception Index for Africa in 2023.

The conference aims to devise innovative strategies to tackle corruption and its detrimental effects on economic and social progress in Africa.

This week’s guest on Business Africa is Dr. Roger Oppong Korateng, a key figure in founding this conference and currently serving as the Head of Public Sector Governance at the Commonwealth Secretariat.

In other news:

Zambia grapples with a persistent energy crisis, posing a threat to its copper industry. Frequent power outages and prolonged drought have led to a decline in copper production, prompting the need for electricity imports. This situation raises concerns among mining companies, affecting the stability of copper supply and prices in the global market.

Cameroon faces a crisis in its rubber plantations as latex prices plummet, compelling producers to abandon rubber cultivation. Public companies are accused of purchasing latex at low prices, while the EU and the government advocate for halting logging to mitigate climate change. Despite these challenges, Cameroon remains a significant latex exporter.

In related articles:

Business Africa explores topics such as Africa’s soil sustainability for food security, the coltan dispute between DRC and Rwanda, and the investment role of the United Arab Emirates in Africa.