Wednesday, November 22, 2017

What Really Happened With Robert Mugabe and His Presidency, What Happens Next?

The people wanting to remove Mugabe from power were, as the saying goes, "Stuck between a rock and a hard place."
A two-thirds vote in both houses of parliament was required to do an impeachment. The votes were not there.
The forceful removal of Mugabe by the military would have resulted in troops from South Africa arriving to put Mugabe back in power. This would not be to uphold democracy and the rule of law. Rather it would be a fear on the part of the Zuma administration that the military would then remove him from power.
Mugabe was offered "a deal that he couldn't refuse." He, his family members,and close associates have a pardon for all crimes committed and irrevocable shield against civil and criminal cases in Zimbabwe..
Now do not think that Mugabe is "happily riding off into the sunset." His ill-gotten assets are going to be under attack by governments like the US government and private organizations. Please study what happened in Malaysia with a big corruption scandal. Assets of over $1 billion US were seized. Malaysian players in the scandal found themselves with US arrest warrants.
Mugabe and his band of men and women will not be able to set foot out of Zimbabwe for fear of arrest on international warrants.
Jacob Zuma, take note, you're next!!!!!!!!!!

Nigeria: A Nagging Problem


A Nagging Problem

Nigerian authorities continue to insist that Islamist militant group Boko Haram is on the brink of defeat, but the country suffered its largest terrorist strike of the year on Tuesday when a suicide bomber killed at least 50 people at a mosque in the northeastern town of Mubi.
No group has yet claimed authority for the attack, which brings the number killed in 2017 to at least 278, Reuters reported. Because a number of people also suffered serious injuries, the death toll could well increase, police said.
Boko Haram was pushed out of power in Adamawa state, where Mubi is located, in early 2015. And while the group still carries out terrorist strikes on mosques and markets, this was the first such attack in Mubi since government forces recaptured the town in in 2014.
In its wake, Aisha Yesufu, BringBackOurGirls, BBOG co-convener, blasted the government via Twitter for claiming the group was defeated.
Fighting to overthrow the government since 2009, Boko Haram has killed more than 20,000 and forced around 2 million people to flee their homes.

Tuesday, November 21, 2017

Mugabe Resigns!!!!

Robert Mugabe Is A Wealthy an Indeed!

What Can African Agriculture Learn From Brasil?

Glencore Troubles In The Congo Claim Its Highest-Profile Victin.

Glencore's troubles in Congo claim its highest profile victim

Nov 21 2017 09:13 
Tom Wilson, Bloomberg News
London - Two weeks after the Paradise Papers leak brought a wave of scrutiny over Glencore’s dealings in the Democratic Republic of Congo, the company is facing another scandal.
The issues stem from Katanga Mining, a Congolese copper producer owned by Glencore. The African company restated financial statements and is under investigation by Canadian regulators for its corporate governance and accounting practices.
In a major sign of how toxic the problem has become for the Swiss commodities giant, three executives including billionaire Aristotelis Mistakidis resigned from the board of Katanga.
Mistakidis is a key part of Glencore. Among management, he’s the third-biggest shareholder and longtime lieutenant to Chief Executive Office Ivan Glasenberg. He helped lead the company’s ascent from a scrappy trader to a commodities giant and world’s third-biggest copper miner.
While Katanga is financially a small part of Glencore’s overall business, it faces an ongoing headache over the past relationship with controversial Israeli billionaire Dan Gertler.
An internal review found among other problems that Katanga had failed to disclose compensation paid to some executives and overstated copper output in 2014. In some cases, senior management and executive directors were responsible for overriding control processes.
Canada’s Ontario Securities Commission is also investigating the accuracy of Katanga’s financial reporting, corporate governance and the conduct of some directors and officers. It’s also reviewing disclosures related to bribery and anti-corruption laws.
Glencore nominated three new directors to the Katanga board, including Chief Financial Officer Steven Kalmin. It will strengthen controls across its copper division, Glencore said in a statement.

Top Executive Shareholders
Katanga’s business dealings in Congo and Canadian disclosures have been questioned before. In March, Global Witness said more than $100m in payments due to state-owned Gecamines were instead paid to a firm controlled by Gertler. The payments were not clearly described in Katanga’s reporting, according to the London-based advocacy group.
In filings between 2013 and 2015, Katanga either said the payments went to Gecamines or didn’t specify the recipients.
At the time, Glencore said it made the payments to Gertler’s Africa Horizons Investments at Gecamines’s request, and complied with all Canadian disclosure rules.
Glencore owns about 86% of Toronto-listed Katanga Mining. It began investing in the business a decade ago through the merger of Katanga and Nikanor Plc, in which Gertler also held shares. In February, Glencore cut ties with Gertler and bought out his stake in Katanga.
Katanga will be one of Glencore’s biggest copper mines when it restarts production. It suspended mining in 2015 to invest in new processing facilities, but will produce as much as 300 000 tons of copper and 20 000 tons of cobalt a year from the unit by 2019.
* Peter Grauer, the chairperson of Bloomberg LP, is a senior independent non-executive director at Glencore.

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Slavery In Libya



A CNN report depicting what the channel said was a slave auction of black African migrants in Libya continues to reverberate around the world, with Burkina Faso recalling its ambassador and the head of the United Nations saying he was “horrified” by the footage.
Burkina Faso “summoned the Libyan charge d‘affairs in (Burkina Faso’s capital) Ouagadougou to express our indignation at these images that belong to other centuries, images of the slave trade,” Reuters cited the country’s Foreign Minister Alpha Barry as saying.
Hundreds of protesters gathered in front of the Libyan Embassy in central Paris on Saturday, the New York Times noted. And UN Secretary-General António Guterres on Monday called on the authorities to investigate, saying the alleged sales “may amount to crimes against humanity.”
Following up on a grainy cell phone video, CNN carried out a hidden-camera investigation to document alleged slave auctions in Tripoli in which reporters witnessed a dozen people sold as laborers over a few short minutes.