Energy Features Headlines

Congo Mining Giants Under Fire Over Massive $17B Revenue Discrepancy

A state audit in the Democratic Republic of Congo has uncovered a staggering $16.8 billion discrepancy in mining revenue declarations between 2018 and 2023, raising serious concerns about transparency and accountability in one of Africa’s richest resource nations. According to the Court of Auditors’ June report, mining companies declared $98.2 billion in revenue to tax […]

Headlines Morocco

Morocco’s King appoints new heads of competition council, court of auditors

King Mohammed VI appointed Ahmed Rahhou new head of the competition council and Zineb Al Adaoui head of the court of auditors. Rahhou succeeds to Driss Guerraoui whose tenure was marred by procedural dysfunctions relating to a report on fuel price fixing. The new appointment is part of the King’s firm attachment to the independence […]

Business Headlines Maghreb Morocco

Several Senior Officials to be Held to Account for Mismanagement of Public Money – Media

Several Moroccan senior officials will shortly be held to account in cases related to the squandering of public funds. These include former government officials, senior executives of public institutions, payment authorization officers, presidents of elected institutions, entrepreneurs and directors of consulting firms, reports Assabah daily in its weekend edition of August 10-11. The daily, quoting […]

Headlines Morocco

Morocco’s Court of Auditors Offers Recommendations to Boost Effectiveness of Civil Service

Morocco’s Court of Auditors, led by former PM Driss Jetou, has issued a report drawing a diagnosis of the civil service while offering eleven recommendations to boost its effectiveness. The report was issued after King Mohammed VI gave scathing criticism in the Throne Speech last July of the underperforming civil service drawing a contrast between […]