Africa

Coca-Cola Invests $5 Billion in African Manufacturing and More

According to the Wall Street Journal, “Coca-Cola Co. said it plans to spend more than $5 billion in Africa over the next six years, lifting the U.S. beverage giant’s proposed investments in Africa to $17 billion for 2010 to 2020. The Atlanta-based company also signed a preliminary agreement to launch an initiative — called Source …

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Egyptian Economy Inexplicably Stable During Widespread Violence and Protests

Economists are trying to understand how Egypt’s economy is remaining so stable, even as the death toll from recent violence surpassed the 1,000 mark in six days. The violence began June 30 after the ousting of Islam President Mohamed Mursi, a member of the Muslim Brotherhood. The new military government is struggling to keep industries …

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Procurement Transparency Turns Deadly in South Africa

Procurement Transparency Turns Deadly in South Africa

Corruption and lack of transparency are global concerns in public procurement. Emerging markets often face the biggest struggles when it comes to fighting corruption. Some nations are forming watchdog groups to encourage whistleblowers to stand up against corrupt practices, such as Tanzania. In South Africa, however, whistleblowers need protection, not encouragement.

Can Watchdog Coalition End Corruption in Public Procurement?

Transparency in public sector procurement is a challenge around the world. Legislation is in place in many countries to encourage responsible government spending on public services. In some places, private coalitions are forming to make sure that these laws are upheld. Most recently, Tanzania Contract Monitoring Coalition (TCMC) launched in Dar es Salaam, Tanzania, Africa.