Africa

Bankrupt Banro Corp. Dodges US Suit Over Congo Operations

Canada’s Banro Corp. won’t face a suit in New York federal court alleging the mining company lied to investors about its operations in the Democratic Republic of Congo after a judge ruled Thursday that those claims were resolved last year in bankruptcy proceedings in Canada…

Read this piece in its entirety at Law360.

 

 

Ex-Credit Suisse Bankers Aided $2B Fraud In Africa: Feds

Former Credit Suisse bankers, a Lebanese businessman and top officials in Mozambique participated in a scheme to siphon funds from more than $2 billion in government-backed loans for fraudulent projects in the African nation, according to an indictment unsealed Thursday in New York federal court…

Read this piece in its entirety at Law360.

Brazil Is Top Cocaine Transshipment Country for Europe, Africa, Asia

Much of the South American cocaine destined for global markets flows through Brazil according a UN report, and there are a number of factors that make the former Portuguese colony an ideal launching point for the drug’s international distribution…

Read this piece in its entirety at InSight Crime.

Increasing African Migration through CentAm Poses Challenges

Officials say Costa Rica is experiencing an increase in irregular migration from Africa, signaling the growth of new human smuggling networks and raising a number of questions for policymakers to consider when handling this complex issue…

Read this piece in its entirety at InSight Crime.