The African Energy Chamber (AEC) has raised concerns over Glencore’s alleged involvement in illicit business deals in South Sudan. The AEC, an organization representing the energy sector in Africa, has called for an investigation into the matter.
Glencore, a multinational mining and commodities trading company, has been accused of participating in corrupt deals with the South Sudanese government. According to the AEC, Glencore is believed to have acquired oil assets in the country through corrupt means, including bribery and kickbacks.
The AEC has called for greater transparency and accountability in the energy sector, stating that such practices undermine the development of the industry in Africa. The organization has also emphasized the need for companies to adhere to international standards and best practices when doing business in the region.
Glencore has denied the allegations, stating that it operates with integrity and complies with all applicable laws and regulations. The company has also stated that it has not received any official communication from the AEC regarding the matter.
South Sudan, is home to significant oil reserves. However, the country has been plagued by conflict and corruption, which have hampered its development. The AEC has called on the South Sudanese government to take action to address corruption in the energy sector and promote greater transparency.
The allegations against Glencore are a reminder of the challenges facing the energy sector in Africa. While the industry has the potential to drive economic growth and development, it also faces numerous risks, including corruption, political instability, and environmental concerns. As such, it is essential for companies operating in the sector to operate with transparency and integrity, and for governments to create an enabling environment for sustainable development.
