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CORRUPTION , FRAUD AND MISMANAGEMENT IN AFRICA

THEIR IMPACT ON THE LIVES AND POLITICS OF THE PEOPLE AND ON THE PROGRESS AND DEVELOPMENT OF THE CONTINENT

[Kebede D Gashaw]

[The name of the institution appears here]

TABLE OF CONTENTS

EXECUTIVE SUMMARY

CHAPTER ONE : THE PROBLEM

The Nature and Scope of the Problem

The African Dilemma

Corruption , Fraud and Mismanagement : The Nature and Scope of the Problem

CHAPTER TWO : LITRATURE REVIEW

The Nature and Scope of the Problem in Other Parts

of the World

Doing Business in Africa and Other Non-Industrialized Nations

The policy department

Bribery and Extortion

The ministry of public works

Tenders for Goods and Services

Contracts for Roads and other projects

The ministry of Lands

Land : the political issue

Land and Corruption in Africa

Land Cartels

The African Revenue Authority

Income tax department

President KABAKI comes down with an Axe on the judiciary

Examples of corruption and fraud in the highly industrialized world

The Enron Debacle

The WorldCom Scandal

The Downfall of a Giant

CHAPTER THREE : FINDINGS

The law and the fight against corruption

The anti-corruption war in Africa

Oil and Gas

Corruption in local authorities

Procurement

Business Bank again at Integrity center

Corruption and education

Corruption in Universities

Africa 's Economy and the Donors

Political Banks and statutory corporations

The Goldenberg Scandal

The exchange bank

Fighting Global Corruption through international organizations

International Chamber of Commerce (ICC

The potential Areas of Corruption and mismanagement

Christian ethics and corruption

Public service ethics and corruption

The media and corruption in Africa

Security Concerns

CHAPTER FOUR : SUMMARY , CONCLUSIONS AND RECOMMENDATIONS

Lessons from Enron , Parmalat , and World Com

The Sarbanes-Oxley Act

The Foreign Corrupt Practices Act (FCPA

Code of Ethics for the Salvation of Africa (COESA (c )2005

Donors ' criteria for aid

Recipient Country Obligations

Summary and conclusion

REFERENCE

Executive Summary

Corruption is eroding the moral values of many nations and consigning many people to perpetual poverty and deprivation . Corruption undermines democratic institutions and good governance in the political landscape

This study intends to clearly show the extent to which Africa and Africans have been suffering from the ravages of corruption , fraud , and intentional mismanagement by their governments and their leaders , much to the disappointment and anger of the people . The impact of corruption on the lives of the people , the businesses , and the economy of any of the nations concerned has been studied by a number of authors , scholars and worldwide institutions such as the World Bank , the IMF , and even donors (highly industrialized nations . Although Africa has a large share of the worlds raw material and mineral resources , African nations are by far the least developed and the poorest countries in the world Robert Harris , in his book , Political Corruption In and Beyond the Nation State (1990 ,

. 29 ) introduced three themes . First , political corruption is an illegitimate extension of normal political activity

In trying to understand the central issue of corruption , one needs to understand the complex and intricate nature of corruption...