News Tributes 

Folorunsho Alakija Richest Black Woman

VENTURES AFRICA – In November last year when Ventures Africa published a story outing Nigerian fashion designer and oil magnate Folorunsho Alakija as the richest black woman in the world, we pegged her net worth at $3.3 billion and explained the rationale for our valuation in detail. See the full story here. But in our inaugural ranking of Africa’s richest people, which we published on Monday, we place Alakija as the fourth richest person in Africa with a fortune we estimate at $7.3 billion. Here’s our rationale: In March this year, Petrobas,…

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Liberian Police Corrupt Despite Reform

MONROVIA, 11 October 2013 (IRIN) – A decade of efforts to reform the Liberia National Police (LNP) has resulted in an increasingly professional police force, yet abusive behaviour, a culture of impunity, and endemic corruption continue to erode the force’s credibility, according to researchers. As a result, many Liberians fear the LNP rather than depend on it for protection. The UN Mission in Liberia (UNMIL) started to reform the Liberian police 10 years ago, when the country’s civil war ended. UNMIL more or less dissolved the pre-existing force and built…

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