Showing posts with label Africa. Show all posts
Showing posts with label Africa. Show all posts

Saturday, 02 January 2010

Pirate Cash Suspected Cause Of Kenya Property Boom

NAIROBI, Kenya (AP) ―



Property prices in Nairobi are soaring, and Somali pirates are getting the blame.

The hike in real estate prices in the Kenyan capital has prompted a public outcry and a government investigation this month into property owned by foreigners. The investigation follows allegations that millions of dollars in ransom money paid to Somali pirates are being invested in Kenya, Somalia's southern neighbor and East Africa's largest economy.

Even as housing prices have dropped sharply in the United States, prices in Nairobi have seen two- and three-fold increases the last half decade.

"There is suspicion that some of the money that is being collected in piracy is being laundered by purchase of property in several countries, this one being one of them," said government spokesman Alfred Mutua. "Especially at this time when we are facing global challenges of security such as terrorism and others, it is very important for us to know who is where and who owns what."

The investigation will also help the government catch tax evaders, he said.

Kenya may be the most attractive spot for pirates to launder their money because it shares a roughly 500-mile (800-kilometer) border with Somalia and has investment opportunities and a large Somali community of up to 200,000 people, Mutua said.

Friday, 03 April 2009

African leader hails G20 progress


By William Wallis, Africa Editor


Published: April 2 2009 23:26 | Last updated: April 2 2009 23:26

On paper at least, African leaders appear to have emerged from the G20 summit with most of what they wanted.

Meles Zenawi, the Ethiopian prime minister, who is officially representing the continent, had urged the International Monetary Fund to sell part of its gold reserves to finance a $50bn (€37bn, £34bn) rescue package for low-income countries. The summit approved the plan.

Poor countries should also benefit from a $250bn increase in the IMF’s special drawing rights, the fund’s reserve currency, about 7 per cent of which could accrue to Africa.

“I think we made a very surprising level of progress,” Mr Meles told the Financial Times.

Wednesday, 28 January 2009

Angola's double-digit growth record to end -analysts

By Henrique Almeida

LUANDA, Jan 27 (Reuters) - Angola's economy could grow less than 6.3 percent in 2009, well below the double-digit growth that has sustained the oil-producing African nation since 2002, analysts said on Tuesday.

Angola, which rivals Nigeria as sub-Saharan Africa's biggest oil producer, has averaged 15 percent a year GDP growth since the end of a civil war in 2002, making it one of the world's fastest growing economies.

It has lured billions in foreign investment.

But Alves da Rocha, a leading Angolan economist, said weakness in the global economy and a sharp drop in oil prices should put the brakes on growth and hamper government plans to rebuild the country and improve the lives of ordinary Angolans.

Thursday, 08 January 2009

DEVELOPMENT: Africa May Face 'Centuries' of Poverty

By David Cronin

BRUSSELS, Jan 8 (IPS) - Extreme poverty will continue to blight sub-Saharan Africa for another 200 years unless action to overcome it is intensified, a new report has suggested.

Social Watch, a network of campaigning groups, has devised a measure known as the "basic capabilities index" to assess the level of hardship throughout the world.

Its latest report finds that 80 countries -- home to half the world's population -- fare badly when three criteria are examined: the number of children who die before their fifth birthday, the proportion of children who complete primary education, and the proportion of births that are attended by trained midwives or other medical professionals.

Only 16 of these countries have registered considerable improvement since 2000. Although the countries making progress include India, home to 1.6 billion, regression has been recorded in others with a combined population of 150 million. The latter category includes Chad, Niger, Malawi, Benin and Yemen, while Bangladesh, Uganda, Nigeria, Madagascar and Ghana have been listed as stagnant.

While much of sub-Saharan Africa has recorded strong economic growth in recent years, this has not translated into a major drop in poverty levels. As things stand, the basic needs of millions of Africans will not be met until the 23rd century, with many governments struggling to fulfil pledges they have made. Zambia, for example, has undertaken to provide free basic health care for all citizens, yet continues to have one of the lowest rates of life expectancy on the planet.

Roberto Bissio, coordinator of Social Watch, predicted that the crisis which gripped international capitalism during 2008 will complicate matters further. "Poor countries are very likely going to suffer quite heavily from a crisis which they did not at all create," he said, indicating that crucial sources of money such as remittances from migrants overseas will probably decline.

Bissio argued that one of the most appropriate responses of governments would be to develop a more coherent response to the fulfilment of human rights, particularly those with an economic and social dimension.

Monday, 29 December 2008

South Korea weapons sales top $1bln for first time

SEOUL, Dec 29 (Reuters) - South Korea's yearly overseas arms sales topped $1 billion for the first time in 2008, a government agency said on Monday, while officials were quoted as saying the country aims to soon be one of the world's top 10 arms exporters.

South Korea's biggest exports in 2008 included self-propelled guns, aircraft and naval vessels with its main customers being Middle Eastern states and ally the United States, the Defence Acquisition Programme Administration said in a statement.

South Korea had been increasing its sales to developing countries in Africa and Latin America, the agency said without naming specific buyers.

South Korea is looking to sell $3 billion worth of arms by 2012 and be one of the world's top 10 arms exporters in the next few years, Yonhap news agency reported defence officials as saying. The Defence Ministry would not confirm the report.

The military is hoping the main drivers in weapons exports will be its next generation K-2 tank and T/A 50 supersonic fighter-trainer developed by its aerospace industry with help from Lockheed Martin Corp (LMT.N), Yonhap said.

"We should think in terms of how much of the market share we take, rather than amounts," it quoted Colonel Lee Hyun-soo, a senior official in the export trade, as saying.

Over the past several years, South Korea has sought to improve its weapons technology to boost its deterrence against North Korea, which has a numerical superiority in troops but antiquated weapons systems.

The military has found increased opportunities for exports as it has improved its weapons.

Elephants ready to party as eBay ban approaches

What with a deepening global recession it's been pretty much a lousy 2008 for most folks, but it's closing on a very good note--if you happen to be an elephant, that is.

Come January 1, eBay's worldwide ban on ivory products goes into effect, a move that animal rights advocates hope will help protect elephant populations around the world.

The proliferation in the illegal trade of wildlife species has been aided by the use of the Internet. In a recent report (PDF), the International Fund for Animal Welfare found that about two-thirds of the global online trade in protected wildlife takes place on eBay's platform. The group said that poachers kill more than 2,000 elephants in Africa and Asia annually to meet demand for ivory products.

The sale of elephant ivory has been illegal since 1989 (although there are certain exceptions to the prohibition).

In a statement, Jack Christin, senior regulatory counsel for eBay had this to say:

"Due to the unique nature of eBay's global online marketplace and the complexity surrounding the sale of ivory, we decided to ban the sale of ivory on eBay. We appreciate the support from the IFAW in assisting us and we look forward to continuing to work with them on the implementation of the global ban. Like the IFAW, ultimately we feel this is the best way to protect the endangered and protected species from which a significant portion of ivory products are derived."

Rio wants to meet Guinea govt on iron ore project

Mon 29 Dec 2008, 11:29 GMT
[-] Text [+]

LONDON (Reuters) - Mining group Rio Tinto is seeking a meeting with the new military junta in Guinea to discuss its $6 billion Simandou iron ore project, the firm said on Monday.

Rio -- the world's fourth biggest diversified mining group by market value -- had been locked in a dispute about Simandou with the previous government of President Lansana Conte, who died last week, sparking a military coup.

"One of main priorities is that we want to fix up a meeting with the new government as soon as possible to discuss the situation," spokesman Nick Cobban said.

On Saturday, the military junta led by Captain Moussa Dadis Camara in the West African state said "defective" mining contracts would be revised, without naming firms or projects.

Saturday, 06 December 2008

World Economic Forum announces 34 technology pioneers 2009

The World Economic Forum announced 34 visionary companies selected as Technology Pioneers 2009 for their accomplishments as innovators of the highest calibre, and whose technologies will have a deep impact on business and society.
The selection of these companies is the result of a vigorous selection process, for which the Forum received more than 320 applications from around the world that were evaluated by 44 global technology experts. The Technology Pioneers 2009 are active in fields such as in-body computing platforms for personalized healthcare; utility-scale solar power projects; mobile phone authentication methods to assure drug safety in developing nations; miniaturized 3rd generation mobile networks; traceability and assurance over food quality; and electric motors with unprecedented levels of energy efficiency and smart grid solutions.
The entire list of Technology Pioneers, with their profiles and interviews with the executives of the selected companies, can be found at: http://www.weforum.org/techpioneers. This year’s class is one of the most geographically diverse ever: besides the traditional technology strongholds of North America and Europe, Technology Pioneers from the People’s Republic of China, Africa (Ghana and Nigeria) and Chile were selected for the first time ever, confirming the growing globalization of science and technology. All in all, the class of 2009 includes companies from 15 countries, with Austria, Canada, France, Germany, Japan, India, the Netherlands, Norway, Switzerland, the United Kingdom and the USA completing the list.

Monday, 10 November 2008

Search for peace ‘doomed’ by scramble for minerals in Congo


Rebels reject ceasefire until demands are met

Efforts to avert all-out war in eastern part of the Democratic Republic of Congo are doomed as long as negotiators ignore the role of the area’s lucrative mineral trade in fuelling the violence, according to anticorruption advocates and development officials.

They say that the deployment of thousands more United Nations peace-keepers to the region would be fruitless if armed groups continue to profit from the illegal trade with the connivance of international corporations.

Armed groups, including the Congolese Army and Tutsi rebels led by General Laurent Nkunda, have profited from the illegal trade of minerals such as coltan and tin ore for years, with British, Canadian, American and Belgian companies among their best clients.

Efforts to break that link have been stymied by Western governments unwilling to loosen their grip on the trade and made more difficult by the emergence of China as a big economic player on the continent. Rebels under General Nkunda’s control dismissed ceasefire calls made at yesterday’s emergency regional summit in Nairobi because, they said, it failed to address any of their demands – including the cancellation of a $9 billion (£6 billion) mining and infrastructure deal between China and the Congolese Government in Kinshasa.

Saudi Aramco Says Oil Price Falls May Curb Investment

Saudi Aramco, the world’s biggest state-owned oil company, said a further drop in crude oil prices may curtail investments needed to offset declining output in aging fields, while Oil & Natural Gas, India’s state oil explorer, said it may seek to acquire energy assets in Africa and Latin America to secure supplies.
Investment is also needed to expand production capacity to meet long-term demand growth, Chief Executive Officer Abdallah Jum’ah said in a handout distributed today at an industry summit in Beijing.

Journalists must be empowered to market Africa- Vice President

Vice President Alhaji Mahama at the weekend expressed the need for African journalists to be paid handsome salaries to empower them to project the image of Africa.

He said Europe should also create the platform to listen and tell the story of Africa in positive light, in order to dispel the prejudices Europeans had about Africans.

Alhaji Mahama was speaking to the Ghana News Agency in Abuja, Nigeria at the end of the Fourth Africa Forum of the Partnership with Africa initiative, which aimed
at fostering development and co-operation between Africa and the industrialised nations.

Monday, 03 November 2008

Ben Okri on the present situation

The following piece came through my e-mail and is worthy of sharing.

Ben Okri is a Nigerian writer a born realized soul has written about the present situation
> > , . Please enjoy :
> >> >
> > October 30, 2008
> > Our false oracles have failed. We need a new vision to live by. Huge
> > financial success has hidden the moral bankruptcy in our
> > civilisation, We must rediscover our lost values or perish
> >
> > The crisis affecting the economy is a crisis of our civilisation.
> > The values that we hold dear are the very same that got us to this
> > point. The meltdown in the economy is a harsh metaphor of the
> > meltdown of some of our value systems. A house is on fire; we see
> > flames coming through the windows on the second floor and we think
> > that that is where the fire is raging. In fact it is raging elsewhere.
> >
> > For decades poets and artists have been crying in the wilderness
> > about the wasteland, the debacle, the apocalypse. But apparent
> > economic triumph has deafened us to these warnings. Now it is
> > necessary to look at this crisis as a symptom of things gone wrong
> > in our culture.
> >
> > Individualism has been raised almost to a religion, appearance made
> > more important than substance. Success justifies greed, and greed
> > justifies indifference to fellow human beings. We thought that our
> > actions affected only our own sphere but the way that appalling
> > decisions made in America have set off a domino effect makes it
> > necessary to bring new ideas to the forefront of our civilisation.
> > The most important is that we are more connected than we suspected.
> > A visible and invisible mesh links economies and cultures around the
> > globe to the great military and economic centres.
> >
> > The only hope lies in a fundamental re-examination of the values
> > that we have lived by in the past 30 years. It wouldn't do just to
> > improve the banking system - we need to redesign the whole edifice.
> >
> > There ought to be great cries in the land, great anger. But there is
> > a strange silence. Why? Because we are all implicated. We have
> > drifted to this dark unacceptable place together. We took the
> > success of our economy as proof of the rightness of its underlying
> > philosophy. We are now at a crossroad. Our future depends not on
> > whether we get through this, but on how deeply and truthfully we
> > examine its causes.
> >
> > I strayed into the oldest church in Cheltenham not long ago and,
> > with no intention in mind, opened the Bible. The passage that met my
> > eyes was from Genesis, about Joseph and the seven lean years of
> > famine. Something struck me in that passage. It was the tranquillity
> > of its writing, the absence of hysteria.
> >
> > They got through because someone had a vision before the event. What
> > we need now more than ever is a vision beyond the event, a vision of
> > renewal.
> >
> > As one looks over the landscape of contemporary events, one thing
> > becomes very striking. The people to whom we have delegated decision-
> > making in economic matters cannot be unaware of the consequences.
> > Those whose decisions have led to the economic collapse reveal to us
> > how profoundly lacking in vision they were. This is not surprising.
> > These were never people of vision. They are capable of making
> > decisions in the economic sphere, but how these decisions relate to
> > the wider world was never part of their mental make-up. This is a
> > great flaw of our world.
> >
> > To whom do we turn for guidance in our modern world? Teachers have
> > had their scope limited by the prevailing fashions of education.
> > Artists have become more appreciated for scandal than for important
> > revelations about our lives. Writers are entertainers, provocateurs
> > or- if truly serious - more or less ignored. The Church speaks with
> > a broken voice. Politicians are more guided by polls than by vision.
> > We have disembowelled our oracles. Anybody who claims to have
> > something to say is immediately suspect.
> >
> > So now that we have taken a blowtorch to the idea of sages, guides,
> > bards, holy fools, seers, what is left in our cultural landscape?
> > Scientific rationality has proved inadequate to the
> > unpredictabilities of the times. It is enlightening that the Pharoah
> > would not have saved Egypt from its seven lean years with the best
> > economic advisers to hand.
> >
> > This is where we step out into a new space. What is most missing in
> > the landscape of our times is the sustaining power of myths that we
> > can live by.
> >
> > If we need a new vision for our times, what might it be? A vision
> > that arises from necessity or one that orientates us towards a new
> > future? I favour the latter. It is too late to react only from
> > necessity. One of our much neglected qualities is our creative
> > ability to reshape our world. Our planet is under threat. We need a
> > new one-planet thinking.
> >
> > We must bring back into society a deeper sense of the purpose of
> > living. The unhappiness in so many lives ought to tell us that
> > success alone is not enough. Material success has brought us to a
> > strange spiritual and moral bankruptcy.
> >
> > If we look at alcoholism rates, suicide rates and our sensation
> > addiction, we must conclude that this banishment of higher things
> > from the garden has not been a success. The more the society has
> > succeeded, the more its heart has failed.
> >
> > Everywhere parents are puzzled as to what to do with their children.
> > Everywhere the children are puzzled as to what to do with
> > themselves. The question everywhere is, you get your success and
> > then what?
> >
> > We need a new social consciousness. The poor and the hungry need to
> > be the focus of our economic and social responsibility.
> >
> > Every society has a legend about a treasure that is lost. The
> > message of the Fisher King is as true now as ever. Find the grail
> > that was lost. Find the values that were so crucial to the birth of
> > our civilisation, but were lost in the intoxication of its triumphs.
> >
> > We can enter a new future only by reconnecting what is best in us,
> > and adapting it to our times. Education ought to be more global; we
> > need to restore the pre-eminence of character over show, and wisdom
> > over cleverness. We need to be more a people of the world.
> >
> > All great cultures renew themselves by accepting the challenges of
> > their times, and, like the biblical David, forge their vision and
> > courage in the secret laboratory of the wild, wrestling with their
> > demons, and perfecting their character. We must transform ourselves
> > or perish.

Wednesday, 29 October 2008

Is Kenya really depression-proof?

October 28, 2008: A couple of weeks ago I had the chance to sit in at an awards ceremony celebrating Kenyan entrepreneurs. The Top 100 SMEs was not a ceremony for nascent start-ups such as mine, but for the men and women who have given years of energy to create companies that from one or two or three founders are now employers of 60 or 100 or 150 with a firm place in their markets and leading reputations.

Do the sums and together the award winners that night represented a set of businesses employing more than 10,000 people, which adds to a monumental achievement. However, one of the striking things that gala evening, besides the entrepreneurs, was the address by Deputy Prime Minister Musalia Mudavadi. He spoke passionately on the role and place for entrepreneurs in Kenya, on Kenya, on its future, its society, and then, on its Government.

And then he threw us all a challenge. Bemoaning a media obsessed with political jockeying and too little focused on performance and issues, he told us all: You should be telling us what you want from government. You should be telling us what you expect.

Well I’m an entrepreneur, and there’s something I want from this administration, and I think it would make a difference.

Please, please, please Mr Mudavadi, can you give us more information? Last week I was in South Africa, where the headlines right now are not about political jockeying (where perhaps they should be), but wall-to-wall on the global financial meltdown. From Business Day to The Sun, the world’s biggest story in half a century is on the front pages of every newspaper in South Africa.

Clear-out time for IMF, World Bank

The IMF has over the past decade renounced its monetary role. Dominated by political slogans, it has portrayed itself, instead, as a poverty fighter. Both institutions wanted to promote good governance and fight corruption in Africa, as if corruption existed only in Africa and nowhere else. Although fighting corruption has no clear or measurable meaning, most likely turning humans into angels, such demagoguery shows how far removed both institutions have been diverted from their Bretton Woods mandates.

Malawi Women Push for Parliamentary Positions With Help of 50:50 Program

As Malawi prepares for presidential and parliamentary elections scheduled for next year, women have embarked on a campaign for equal access to parliamentary seats. Championing the efforts are the Ministry of Women and Child Development and an umbrella body of women, the Gender Coordination Network. Voice of America English to Africa reporter Lameck Masina in Blantyre says the crusade dubbed the "50:50 Campaign" is in line with the African Union declaration calling for member countries to ensure that women make up half of all legislative bodies.

Nigeria misses out on S/Korea’s $760m African fund


Published: Wednesday, 29 Oct 2008

The South Korean government announced on Tuesday, that it would commit $760m to its extensive economic cooperation with Africa, with Nigeria missing from the list of the 11 nations that would benefit.

The announcement was made at the second day of the Korea-Africa Economic Cooperation Conference in Seoul, being attended by ministers and delegations from 21 African countries, the African Development Bank and representatives of the Korean government and its private sector.

Participants at the meeting agreed that there was a need to expand economic cooperation between South Korea and Africa, and decided on the KOAFEC Action Plan 2009-2010, a strategy geared towards the achievement of six development goals, which it hoped to give priority to.

They also decided that investments be directed towards infrastructure and sustainable development, information and communication technology and human resource development.

Other key areas are knowledge sharing on Korea’s development experience, agriculture and rural development, and green growth partnership.

The benefiting countries include Angola, Ghana, Madagascar, Mozambique, Senegal and Tanzania. Other listed nations are Cameroun, Ethiopia, The Gambia, Democratic Republic of Congo and Cote d’ Ivoire, and they to receive assistance to the value of varied sums for interventions in the six key areas decided at the meeting.

Coalition aims to combat lottery scams

CONOR POPE

Two of the world’s biggest technology companies have formed an alliance with an African bank and financial-services provider to raise awareness of lottery scam e-mails.

The collaborative move by Microsoft, Yahoo, Western Union and the African Development Bank aims to help web users protect themselves against frauds in which victims are deceived into paying money up front in the hope of receiving non-existent gifts or cash prizes.

Many scammers misappropriate the name of the African Development Bank, communicate through bogus Yahoo email accounts and ask people to send them money via Western Union.

Some W. African FDI flows may be drug proceeds: UN

By Pascal Fletcher

PRAIA (Reuters) - Sharp increases in foreign direct investment in at least three poor West African states could point to a surge in illegal proceeds from cocaine-trafficking swelling their economies, U.N. crime experts said on Tuesday.

A report by the United Nations Office on Drugs and Crime (UNODC) on "Drug Trafficking as a Security Threat in West Africa" singled out Guinea-Bissau, Gambia and Guinea as states which had seen a jump in foreign direct investment (FDI) and other inflows not clearly justified by economic performance.

These countries are part of a West African region which U.N. anti-narcotics experts say is under attack from powerful Colombian drug-trafficking cartels which are channelling at least 50 tonnes of cocaine each year, and possibly nearly double that, through the area on its way for sale in Europe.

Saturday, 25 October 2008

Submarine cables to help bring Africa into global economy

October 24, 2008, 10:53 AM —

Some governments in East Africa are stockpiling business capacity in anticipation of the four submarine cables that are expected to bring unprecedented connectivity options and related business opportunities to the region, according to a study by IDC.

"For example, Kenya is already subsidizing communications costs for business process outsourcing providers and establishing a BPO zone," said Francis Hook, IDC East Africa regional manager. "This ensures that there will be a supply of labor in place once cheaper and more reliable broadband arrives."

Governments in the region hope to use the new capacity to transform their economies, and land infrastructure projects abound as governments lay cable to bring capacity in from the coast, an especially important project for landlocked nations, Hook noted.

Source

Thursday, 23 October 2008

Dow Jones Announces Partnership with Transparency International

Posted : Thu, 23 Oct 2008 08:01:25 GMT

LONDON and BERLIN, Oct. 23 DowJones-transparency


Dow Jones supports Transparency International's fight against corruption; Sponsors 13th International Anti-Corruption Conference, Oct. 30 - Nov. 2 in Athens, Greece



LONDON and BERLIN, Oct. 23 /PRNewswire-FirstCall/ -- Dow Jones has become an official global media partner to Transparency International for the next two years, the company announced today. As part of the agreement, Dow Jones will provide information resources to support Transparency International's research. Dow Jones will also support the organization's conferences and initiatives that provide a valuable forum for the private sector to share information in order to develop and implement more effective anti-corruption measures.

"Transparency International has been extraordinarily successful in highlighting the devastating consequences of bribery on ordinary people and the countries and industries most impacted by corruption. Increasing public awareness and greater understanding of the challenges associated with corruption is moving the focus toward enforcement of existing regulation and helping businesses manage the task of implementing effective processes and controls," said Clare Hart, President, Dow Jones Enterprise Media Group. "We welcome the opportunity to lend our products and support to assist Transparency in their mission."

Dow Jones will provide Transparency International's secretariat and approximately 90 national chapters with access to its leading global news and business information solutions, Dow Jones Factiva (www.factiva.com) and Dow Jones Watchlist (www.fis.dowjones.com/products/risk.html).

"Known for providing market-leading information services to businesses internationally and having strong connections with its clients, Dow Jones will be a valuable resource for both data gathering and media support in our global fight against corruption," said Cobus de Swardt, Managing Director at Transparency International.

"Since its inception in 1993, the organization has played a leading role in highlighting the damage caused by corruption and delivering important reference resources such as their global Corruption Perceptions Index. We look forward to helping the organization continue its success with its global initiatives," said Rupert de Ruig, Managing Director of Dow Jones Risk & Compliance.

Dow Jones will also sponsor the 13th International Anti-Corruption Conference, organized by Transparency International. The conference takes place Oct. 30 - Nov. 2 in Athens, Greece.

To learn more about Dow Jones Risk & Compliance, visit www.fis.dowjones.com/products/risk.html or contact Kim Gagliardi at (603) 864-8873 or kimberly.gagliardi@dowjones.com. For more information about Dow Jones Factiva products, visit www.factiva.com. For more information about the Dow Jones Enterprise Media Group, visit www.solutions.dowjones.com.

For information about Transparency International, visit www.transparency.org or contact Gypsy Guillen Kaiser at +49 30 3438 20662.



ABOUT DOW JONES

Dow Jones & Company (www.dowjones.com) is a News Corporation company (NYSE: NWS, NWS.A; ASX: NWS, NWSLV; www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.



About Transparency International

Transparency International is the global civil society organization leading the fight against corruption. Through more than 90 chapters worldwide and an international secretariat in Berlin, Germany, TI raises awareness of the damaging effects of corruption and works with partners in government, business and civil society to develop and implement effective measures to tackle it.



SOURCE Dow Jones