funds

Mogadishu (AX) — In a revelation that can ruffle some feathers, the International Air Transport Association (IATA) brought to light that a hefty $950 million of airline moolah is stuck in African nations. This chunk represents a whopping 57% of the world’s aviation money that’s caught in a web due to scarce foreign exchanges. During a pow-wow at the African Airlines Association's big annual shindig in Cairo, IATA's head honcho, Willie Walsh, sounded the alarm, pleading for someone to get a move on and fix this jam!—astating…

Haiti's Prime Minister Garry Conille has jetted off to Kenya, engaging in discussions with President William Ruto. Kenya has urgently sought global financial backing to keep their police forces active in Haiti, an operation extended by another year. Since its launch in June, this international security mission aims to curb the violent grip gangs have on Port-au-Prince and its outskirts. The UN reports over 3,600 fatalities in Haiti this year alone, with more than 100 being children, and half a million individuals have…

The trial of Marine Le Pen, the prominent leader of France's far-right National Rally (RN) party, is now underway. She's facing accusations of misusing European Union funds but maintains that she will demonstrate her innocence throughout the proceedings. Le Pen, along with the RN and twenty-four others—ranging from party officials to former politicians and parliamentary aides—stands accused of diverting funds intended for European Parliament operations to pay personnel engaged in party work. At that time, the party was…

Ethiopia's Somali region raises funds for victims of Tigray atrocities JIGJIGA, Ethiopia - Leaders from the Somali region of Ethiopia have launched a fundraiser aimed at raising funds for victims of atrocities in the Tigray region, as part of one of the latest humanitarian efforts to reduce loss of life possible due to hunger. In the past seven months, the Tigray region has been the scene of…

Somalia: Hirshabelle state hits FGS again over lack of donor funds MOGADISHU, Somalia - Somalia's regional state of Hirshabelle has accused the federal authorities of performing on "self-defense" to distort information about lack of donor funds, which ought to alleviate floods and droughts in a number of components of the nation At the least $ 135 million was despatched to Somalia primarily by…

Hirshabelle accuses FGS of blocking donor funds for floods in Somalia MOGADISHU, Somalia - Hirshabelle state, which has shut hyperlinks to Villa Somalia, has now accused brokers in Mogadishu of blocking donor funds meant to mitigate floods in central Somalia amid the continued humanitarian disaster within the area. A flood cupboard cupboard on Wednesday accused the Treasury and the…

In South Africa, the national electricity company Eskom continues to collect money from companies suspected of corruption and irregular payments. Latest profit: EUR 85 million will be paid by Zurich's engineering group ABB Eskom has become one of the symbols of corruption during the presidency Jacob Zuma and embezzlement in connection with the Gupta family has brought the company to its knees, and the…

A dozen files of reports of embezzlement linked to Covid funds raised by the state have already been sent to the independent anti-corruption office. The number of them will increase significantly in the coming weeks. A still-confidential study, conducted by a coalition of civil society organizations working on the transparency of the funds allocated to combat the pandemic, lists a whole range of…