Tag Archives: lansana conte

Several African public figures (and associates) mentioned in the Panama Papers

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The Guardian has an excellent summary of what you need to know about the Panama Papers, the data leak of the century from the Panama-based law firm Mossack Fonseca.The firms specializes, among other things, in incorporating companies in offshore jurisdictions that guarantee secrecy of ownership.

Here is a map of the companies and clients mentioned in the leaked documents (source). Apparently, the entire haul (2.6 terabytes of data) has information on 214,000 shell companies spanning the period between 1970 to 2016.

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The leaked documents show links to 72 current or former heads of state and government. So far the highest-ranking public official most likely to resign as a result  of the leak is the Prime Minister of Iceland, Sigmundur Gunnlaugsson (see story here and here)

For a list of African public officials mentioned in the leaked documents see here. And I am sure we are going to hear a lot about all these rich people in developing countries.Screen Shot 2016-04-03 at 9.18.42 PM

Closer to home, the Daily Nation reports that Kenya’s Deputy Chief Justice, Kalpana Rawal, “has been linked to a string of shell companies registered in a notorious Caribbean tax haven popular with tax dodgers, dictators and drug dealers.” Justice Rawal has been dodging retirement for a while. May be after the latest revelations might find a reason to call it quits.

The ICIJ website has neat figures summarizing some of the findings from the massive data haul. Also, here is a Bloomberg story on the tax haven that is the United States. 

Resource Dependence in Africa (with some thoughts on Mozambique)

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Source: The World Bank

Source: The World Bank. Click on image to enlarge  

This map shows resource rents as a share of GDP for the period 2009-2013. Note that the colouring on the map is about to change, with the Indian Ocean east coast getting some of the hydrocarbon action that has hitherto been a preserve of the Atlantic coast and a couple of landlocked states like Chad, Sudan and South Sudan (The biggest change in West Africa will most likely be in Guinea once the mining of its high grade iron ore in the Simandou Mountains gets going. A few contractual and logistical hurdles still stand in the way of the mega mining project).

The eastern African states of Kenya, Uganda, Tanzania and Mozambique are about to get a shade or more redder. Kenya and Uganda will start producing oil between 2016-17. Tanzania and Mozambique have massive amounts of natural gas, with Mozambique having recently climbed to top four in the world with a capacity to meet total global demand for more than two years.

As you may have guessed Mozambique is by far the country to watch out for as far as the ongoing eastern African resource bonanza is concerned. The country will continue to see a rapid rise in coal production, ultimately producing an estimated 42 million tons in 2017. Mozambique’s Gold production is also expected to more than triple by 2017 relative to its 2011 level. Estimates suggest that based on the full capacity exploitation of coal and gas alone the Mozambican economy could rise to become SSA’s third or fourth largest (after Nigeria, South Africa and (or ahead of) Angola). Going by the 2012 GDP figures from the Bank, that would be a change from US$14 billion to about $114 billion.

Have you enrolled in Portuguese classes yet?

As Mozambique gets wealthier in the next five years at a vertiginous pace, it will be interesting to see if it will go the Angola way. Both are former Portuguese colonies that had drawn out civil wars. Both tried to have democratic elections but then the ruling parties managed to completely vanquish the opposition. And both continue to be ruled by overwhelmingly dominant parties that appear to have consolidated power.

My hunch is that Mozambique is different, as FRELIMO is less of a one man show than is the MPLA. Indeed FRELIMO just selected a successor to Guebuza, the Defense Minister Filipe Nyusi (Nyusi’s background in engineering and the railway sector should prove useful for the development of the country’s coal industry).

The Tanzanian model of dominant/hegemonic party with term limits appears to have spread south. And that is a good thing. The other African country that appears to be embracing this model is Ethiopia (I think I can now say that the Zenawi succession was smooth and that Desalegn, also an engineer, is credibly term limtied).

Kampala, Kigali and Yaounde should borrow a leaf from these guys (that is, as a second best strategy given that their respective leaders do not seem to be into the idea of competitive politics).

For more on the politics and management of natural resources in Africa see here, here and here.

Guinea’s Alpha Conde attacked

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President Alpha Conde, Guinea’s first elected president since independence, appears to have survived a coup attempt in the early hours of Tuesday. Mr. Conde’s residence was hit by rocket fire in what appears to have been a coup attempt.

The latest turn of events makes one wonder if Paul Collier’s rather crazy unorthodox proposals might be worth a shot. [Collier, among other recommendations, proposes an international guarantee of sorts that democratically-elected governments that remain true to proper governance will be protected from the army and other armed thugs that might want to overthrow them.]

I believe that local horse-trading should always be given a chance before the internationals fly in to impose agreements on feuding factions. But when local factions have fought each other to a stalemate – as is the case in Chad, Central African Republic, Guinea, Guinea-Bissau and Somalia – it might be time for the international community to provide a helping hand. Millions of civilians should not be left to suffer simply because a few men cannot strike a stable deal. The interventions will be nuanced and complicated and messy – so I can’t spell out the terms here – but simply sitting back and watching is not an option.

Simply stated, the men with guns in Guinea are irresponsible.

Guinea is also a budding narco-state. I would not be surprised if the latest attack on the president is linked to the emerging drug problem in west Africa. It is common knowledge that the son of the immediate former president of Guinea, Ousmane Conte, has/had ties with the drug trade. President Joao Vieira of Guinea-Bissau and the country’s top military officer were killed in 2009 in what was rumored to be a drug-related feud.

Mr. Conde was elected in a run off with 52% of the vote. Two years earlier in 2008 the army carried out a coup following the death of the country’s second president, the late Lansana Conte. Mr. Conte himself came to power in a coup following the death of Guinea’s firebrand founding president Sekou Toure. Many hailed the generals’ decision to return to the barracks in 2010 as a new turn in Guinean politics. They were wrong.

The BBC reports that a former army chief, Nouhou Thiam, has been arrested in relation to the Tuesday morning attack.

alpha conde confirmed winner of Guinea’s presidential poll

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Update:

The Daily Nation reports:

Guinea’s losing presidential poll candidate Cellou Dalein Diallo (left) on Friday accepted results of the election, saying he had no choice but to comply with the Supreme Court’s decision.

The BBC reports that Alpha Conde has been confirmed the winner of Guinea’s (Conakry) presidential election. Mr. Conde got 52% of the vote. His opponent Mr. Cellou Diallo had gone to court challenging the results.

President-elect Alpha Conde

Mr. Conde won a mere 18% in the first round against Diallo’s 44% thus forcing the runoff. The standoff following the runoff threatened to plunge the country into chaos. If confirmed into office Mr. Conde will be Guinea’s first elected president since independence.

Guinea has been under an interim government led by Gen Sekouba Konate since the 2008 coup. The coup came after the death of Lansana Conte, dictator for 24 years. Mr. Conte himself rose to power in a coup following the death of Guinea’s founding president Sekou Toure.

alpha conde elected in Guinea

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Opposition leader Alpha Conde has been declared the winner in the just concluded runoffs in Guinea. Mr. Conde garnered a mere 18% of the vote in the first round compared to his rivals 44%. 52% of the voters decided to side with him in the second round.

Guinea has been under an interim government led by Gen Sekouba Konate since the 2008 coup. The coup came after the death of Lansana Conte, dictator for 24 years. Mr. Conte himself rose to power in a coup following the death of Guinea’s founding president Sekou Toure.