Revealed: The African power players in the Panama Papers
An oil rig in Hoima, Uganda. The Panama documents leak has brought to light the infamous Tullow Oil lawsuit in Uganda. PHOTO | FILE
The recent Panama documents leak by the Washington DC-based International Consortium of Investigative Journalists (ICIJ) has exposed how individuals and multinationals in the region go to great lengths to conceal their assets and wealth, and sometimes to evade taxes. The list includes firms and senior government officials in Rwanda, Uganda, Kenya and the Democratic Republic of Congo.
Rwanda has denied that its former intelligence chief Brig-Gen Emmanuel Ndahiro and business tycoon Hatari Sekoko used the offshore company Debden Investments Ltd for private gain. The firm, of which the two were listed as directors in 1998, was located in British Virgin Islands.
