• Bribery & Corruption in Sub-Saharan Africa: Genesis, Panacea & Implications for FCPA Compliance in the Region
  • November 22, 2017 | Author: Herbert Igbanugo
  • Law Firm: Igbanugo Partners International Law Firm, LLC - Minneapolis Office
  • Of all the continents, Sub-Saharan Africa (SSA) is said to be the most fascinating and promising; but she also poses the greatest challenges. Governments, multinational corporations and other business entities in the U.S., EU, China and the Middle East now see Africa as the 21st Century’s new land of opportunities. Approximately two years ago, millions of Americans welcomed the son of an African father and an American mother, President Barack Obama, to the White House, giving hope to the entire world, especially Africans and the nation states of SSA. As the missing link in the global economy, Africa now stands at the cornerstone of growth and opportunity. SSA countries have long generated some of the highest returns on deployed capital. With twenty percent (20%) of the world’s total landmass, a population of 900 million (14% of world total), and a galaxy of mineral resources, the continent has been appropriately dubbed a “sleeping beauty.”