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Glencore fined $1.2bn after admitting bribery

Commodity giant Glencore has pleaded guilty and agreed to pay the US authorities almost $1.2bn to end investigations into bribery and market manipulation. The settlement was part of a coordinated resolution with criminal and civil authorities in the US, UK, and Brazil announced on 24 May.

Issue 461 - 26 May 2022

Pin Cameroon, DR Congo, Nigeria, Equatorial Guinea, Côte d'Ivoire

Pin Downstream, Upstream, Governance

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Plaudits for Uganda’s electricity regulator show the value of rules

Prizes and league tables should often be treated with great caution (as underlined by Nobel laureate Ethiopian Prime Minister Abiy Ahmed’s war in Tigray), but credit should be given when it is due and, in that context, Uganda’s fourth consecutive first place in the African Development Bank (AfDB)’s Electricity Regulatory Index should be acknowledged as a triumph for the rule of law and sound management.

Issue 452 - 17 December 2021

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Pin Renewables, Power, Politics, Governance

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