Mozambique - 01

Mozambique: Implications of Renewed Violence

On 23 June Renamo leader Afonso Dhlakama took responsibility for clashes that broke out between the Armed Forces for the Defense of Mozambique (FADM) and Renamo forces near Mucombeze/Moatize in Tete province on 14 June, stating, “I cannot hide the fact that I ordered the attack.” Though details have yet to be confirmed, some Renamo

Kazakhstan - 04

Kazakhstan: Domestic Challenges to Nazarbayev’s International Aspirations

Earlier this week President Nursultan Nazarbayev announced that Kazakhstan had finally secured its entry to the WTO after a 19-year-long accession process. Nazarbayev emphasized that the country’s accession makes it a truly global player that will not be dependent on any single economic organization– implying the Russia-led Eurasian Economic Union (EEU) – while acknowledging that

South Africa - 02

South Africa: Eskom Tariff Application Supports Shift to Gas

On 23 June Eskom defended its application for a 12.61% tariff increase during public hearings at NERSA. According to acting Eskom CEO Brain Molefe, the tariff increase will allow Eskom to buy electricity from independent power producers (IPPs) and cover diesel purchases for its open-cycle gas turbines (OCGTs). Given that Eskom has received above-inflation increases

Mozambique - 04

Mozambique: The EMATUM Affair: Implications for State Finances

On 17 June the first session of parliament after its recess started with a bang as MDM MP Venancio Mondlane repeatedly called for the arrest of former President Armando Guebuza and his finance minister, Manuel Chang, for their alleged involvement in failing state-owned EMATUM. According to the MP, the company’s opaque and unprofitable operations, including

Brazil - 02

Brazil: Implications of Odebrecht’s Arrest

In an unprecedented development, on 19 June the Federal Police arrested Marcelo Odebrecht, CEO of construction conglomerate Odebrecht Group, and Otavio Marques Azevedo, CEO of construction conglomerate Andrade Gutierrez, on charges of cartel formation and corruption. The businessmen are suspects in the Federal Police’s ongoing “Lava Jato” operation, which has probed allegedly corrupt practices involving

Mexico - 04

Mexico: New Refinery Project: Timing, Implications and Ties with Pemex

On 14 June private downstream consortium United Refineries of Mexico announced its plans to build six new refineries in the country. The consortium’s leader, Marco J.A. Espinosa Ochoa, has engaged American real estate giant CBRE for the project. CBRE will be the project’s main co-developer and has over 20 years of industry experience in Mexico.

Indonesia - 05

Indonesia: Mounting TPPI Case Raises Suspicions of the National Police’s Intent

Over the past month there has been considerable coverage in Indonesian media of TPPI and the manner in which it bought condensate from the government, refined it into gasoline and then sold that gasoline, with attention focused on the company’s alleged responsibility for a shortfall of $140mn in payments for government-share condensate. Despite this flurry