The corruption is not from bribery but from misuse of government funds. If anything this is good news for the country, it also means that Kabila actually has authority and is working to stamp out corruption. Read on...
Congo's Kabila Suspends Six Ministers
Associated Press
KINSHASA, Congo - President Joseph Kabila suspended six cabinet ministers and 10 directors of state-run companies Thursday after a parliamentary inquiry alleged they had embezzled government funds.
The crackdown targeted the ministers of mines, energy, transport and communications, higher education, public works and commerce, the presidency announced on state television.
The parliament launched its inquiry after the government's accounting office issued a report in September denouncing suspected corruption in several government firms. The office had accused the directors of some state-run companies of paying themselves monthly salaries of up to $32,000 and expensing exorbitant private vacations.
Since independence in 1960, top government officials have regularly been accused of stealing millions of dollars from the state treasury. Despite Congo's mineral wealth, Congo's near-60 million people have remained among the world's poorest.
Corruption during the reign of late dictator Mobutu Sese Seko was so bad, critics described the impoverished nation a "kleptocracy."
In October, the group Transparency International ranked Congo the 12th most corrupt nation in the world out of 145 countries.
Kabila has led a government of national unity since July 2003. The new government brought in leaders of rival rebel factions who signed a peace accord in late 2002 that largely brought an end to years of war.
- Forums
- ASX - By Stock
- AVM
- drc minister of mines
drc minister of mines, page-3
Featured News
Add AVM (ASX) to my watchlist
|
|||||
Last
2.9¢ |
Change
0.003(11.5%) |
Mkt cap ! $3.927M |
Open | High | Low | Value | Volume |
2.5¢ | 2.9¢ | 2.4¢ | $36.69K | 1.440M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25692 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 51842 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25692 | 0.027 |
2 | 349950 | 0.026 |
2 | 149920 | 0.025 |
2 | 241666 | 0.024 |
1 | 500000 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 51842 | 1 |
0.030 | 102637 | 2 |
0.032 | 65069 | 1 |
0.034 | 240000 | 1 |
0.037 | 10500 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
AVM (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online