analysis An investigation conducted by the Berne Declaration (BD) has revealed how Philia, a Swiss trading company, has been profiting at the expense of the Congo (Brazzaville) oil refinery, Coraf. Coraf is managed by the President’s son, Denis Christel Sassou Nguesso, who is a close friend of Philia’s sole shareholder, Jean-Philippe Amvame Ndong. The case […]
Tag Archives: Swiss
Washintgon — Governments in sub-Saharan Africa are selling crude petroleum in shadowy deals worth hundreds of billions of dollars without publicly accounting for the money, according to a new report. A lack of transparency over staggering amounts of oil revenues is concerning from countries that have millions of people living in dire poverty, weak budgetary […]
