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Archive for the tag “Guinea”

Guinea: AfricTivistes s’inquiete de la situation de Guinee et appelle au respect aux principes de democratie (18.10.2019)

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Guinea: FNDC – Communique No. 14 (19.10.2019)

Guniea: CONASOC – Declaration No. 001 (17.10.2019)

Guinea: L’arrestation d’acteurs de la societe civile engages contre le projet de nouvelle Constitution, nouveau tournant authoritaire en Guinee (15.10.2019)

Guinea: FNDC – A l’attention des organisations de la societe civile guineenes (15.10.2019)

Association des Blogueurs des Guinee (ABLOGUI): Communique de Presse (12.10.2019)

Guinea: Communique de l’Etat-Major General des Armees (11.10.2019)

DRC: A Report published today says Getler’s Mineral Royalties daily is the double of Messi’s salary!

Again, the investor and mineral licensing powerhouse in the Democratic Republic Congo, Dan Gertler is even more under fire after the revelations of his illicit trade during the recent years. Now, the formula and the amount of cash he gets from the foreign mineral extraction companies are paying for their passage to him. This as the deals between Getler and Kinshasa authorities are left in the dark. Whatever deal they have, certainly Getler is earning fortunes without doing more, than being connected to the Joseph Kabila government.

This report shows important facts and also bring certainties of the assumed fortunes made by Gertler, even as he is sanctioned and his corporations. Clearly, the mineral extraction is profitable in the midst of insecurity and civilian despair in the republic. While the businesses and the affiliates are eating, the public are fleeing militias and the army itself. The state is not serving the public, but the companies and the persons who has secret deals with the government. It is vicious and the international community let them, even as it is sanctioned, the acts are still appearing and has the ability to earn on it.

Based on a number of assumptions, Resource Matters estimates the royalties to the Gertler-affiliated companies can be expected to amount to about $110 million for 2018 and nearly $100 million for 2019. This means that Gertler risks losing about $270,000 in revenue from Glencore’s operations per day. That is nearly twice as much as the world’s best paid soccer player, Lionel Messi, makes at Barcelona” (Resource Matters, P: 6, 2018).

Glencore therefore has to balance the risk of increased pressure in Congo versus the risk of ending up on the U.S. sanctions list. This means that the royalty payments constitute a significant risk, whether they stop or continue. Investors should be able to know how Glencore will deal with this going forward. U.K anti-corruption organization Global Witness has repeatedly lamented the opacity of Glencore’s royalty payments to Gertler’s companies and called for better disclosure” (Resource Matters, P: 8, 2018).

This conclusion was somewhat hasty. Gertler’s gold companies do not explicitly feature on the sanctions list, but that in itself does not matter. Under the U.S. Treasury’s so-called 50%-rule, any company owned at least 50% by a sanctioned entity is considered, per se, sanctioned because it is deemed to be “blocked property” of the sanctioned person. Both Moku Goldmines and Société Minière de Moku-Beverendi are at least 50% owned by Fleurette, a sanctioned entity, and should be considered sanctioned, too. In addition, the fact that no payments are made to Gertler does not shield Randgold from the risk of being sanctioned. The U.S. Treasury could qualify Randgold’s exploration activities at Moku-Beverendi as ‘material support’ to a sanctioned entity and impose sanctions on Randgold” (Resource Matters, P: 9, 2018).

Gertler might be in hot-water and the Kabila government might have decisions to make concerning their alliance. Still, the trades and contracts has been made, if the Kabila government suspend and revoke it, they might have to pay a settlement. While wait for a new company or middle-man to secure a grand deal for the licensing. We can question if the loyalty will be there, as long as the sanctions might hit the companies who works with Gertler. Because, they do not want to lose the profitable and secure delivery of the cobalt and other minerals in the Republic.

Surely, Getler don’t want to miss his winning ways and his double earnings of Messi. He want it and doesn’t care about how. Getler just continue to score and get contracts, which makes his giant fortune. It is by the blessing of his connections in Kinshasa. Peace.

Reference:

Resource Matters – ‘The Global Magnitsky – Effect How will U.S. sanctions against Israeli billionaire Dan Gertler affect the DR Congo’s extractive sector?” (February 2018).

African Union Open-Ended Committee of Ministers of Foreign Affairs on the International Criminal Court Convened its 6th Meeting on the Sidelines of the 32nd Ordinary Session of the Executive Council of the African Union (27.01.2018)

Trump Administration proposed budget (FY-2018) to axe the ‘Economic Support Funds’ and the ‘Development Assistance’ on the African Continent!

Action without thought is empty. Thought without action is blind.”Kwame Nkrumah

You should expect by a man blessed and gotten the support by the Christian Conservative in the United States of America, to care a little about the ones who has less and needs support. You would expect of a man who claims to be a Christian and a man of faith to support charity and good causes. But President Donald J. Trump isn’t like any other Christian Conservative, I know, as he has used his own Foundation to buy statutes of himself and also use it on his real-estate, as well as reports of buying celebrity memorabilia.

Well, why do I start with this? Because it was released yesterday the remarkable “Financial Year 2018 Control Levels by state bureau, operating unit and Account”, this are the planned budget for the AEECA, DA, ESF, GHP-State and GHP-USAID. This United States Government document is dated not further back than the 6th April of 2017. The effects of the planned cuts in some of the regional aid projects, development aid and economic support funds, is as astonishing as the Presidency itself. It is a disgrace to anything of humanitarian understanding and belief of goodness in the Trump Administration at all. This sort of acts of disregard of humanitarian assistance, proves that the Trump Administration is a selfish, disgusting and belittling state. Who cannot afford to help the ones in need or the continue to finish the projects they have put forward abroad. The development projects overseas will now fail over night. Just take a look!

The “Economic Support funds” and “Development Assistance”, who are slashed a total of 100% from 2017 to 2018 are in Burundi, Central African Republic, Djibouti, Ethiopia, Ghana, Guinea, Madagascar, Malawi, Mali, Mauritania, Mozambique, Niger, Nigeria, Rwanda, Sierra Leone, South Africa, Tanzania, Uganda, Zambia, Zimbabwe and the African Union! Also the own offices and planning regional development all over the continent like the: USAID African Regional, USAID Central African Regional, USAID East African Regional, USAID Sahel Regional, USAID Southern Regional and the USAID West Africa Regional as well. That is 20 African countries being directly dropped by the Trump Administration and cutting needed funding of running expenses by these government. This happens without any consideration of finding alternative sources or taxing to cover the dropped direct support. That is apparent the act of the Christian Conservative President Trump, who is supposed to be a charitable and caring character. Clearly, he wants to send the African nations a message, that he doesn’t give two shits about their fate or their sustainability.

What is the meaning behind the ESF: “Economic Support Funds (ESF) is economic aid designated to promote economic or political stability in areas where the United States has special strategic interests. Authorized under Chapter 4, Part II of the Foreign Assistance Act of 1961, ESF is a flexible assistance tool that can be structured to meet a diverse range of foreign policy and economic development objectives. The makeup of ESF programs are made on a country-specific basis, while the nature of ESF assistance to a particular country is determined by a combination of the needs of the recipient and U.S. foreign policy objectives. Among ESF’s diverse applications are the following programs (among others): advancing peace and stability, building accountable and transparent institutions, creating economic and educational opportunities for youth, countering extremist ideology, counter-terrorism and counternarcotics, governance, economic growth, anti-corruption, trade capacity building and democratic strengthening. The executive branch is responsible for policy decisions and justifications for ESF use, including country eligibility and funding levels” (Security Assistance Monitor).

What is the meaning behind the “Development Assistance”: “ … [for] sustained support of the people of developing countries in their efforts to acquire the knowledge and resources essential to development and to build the economic, political, and social institutions which will improve the quality of their lives.” (USAID, 2005).

So the Trump Administration apparently doesn’t see any Foreign Policy or Economic Development Objectives inside 20 African Nations in Financial Year of 2018. This is only in the African States and Republics, not all over the world. Clearly the values of quality of life, building economic, political and social institutions doesn’t matter to Trump. The monies saved are surely going to more ‘Mothers of All Bombs” or to expensive carriers to fight an unnecessary war. Since, President Trump is caring or considering about the acts of his time in office.

The USAID operations on the African continent is clearly sending a message, that he does not think off or has anything to offer them. That the U.S. plans to be their uncle or sugar-daddy, that their instead thinking of leaving them behind. The wealth of United States rather goes to building war-ships and bombers, than being used on Humanitarian projects building institutions abroad. Therefore, the United States as a power-player on the African continent is gone with this. As their forged relationship and patronage is gone with this sort of budget. The significant relationship between their development projects in the 20 nations who suddenly get brash cuts and stopped all funding off. Peace.

Reference:

Security Assistance Monitor – ‘Economic Support Funds’ link: http://securityassistance.org/south-asia/content/economic%20support%20fund

USAID – ‘U.S. Foreign Assistance Reference Guide’ (2005) link: http://pdf.usaid.gov/pdf_docs/Pnadc240.pdf

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