Africanist Press Podcast Service24 Kesä 2024

Corporate Gangsters, Rogue Elites, and Colonial Diplomats in Sierra Leone

In this episode, we discuss the United States International Development Finance Corporation (DFC)'s acquisition of the Western Area Power Generation Project and the role of the US-financed company, Milele Energy in Sierra Leone's corrupt energy sector.

We ask, in particular, how Milele Energy Limited, and the United States Development Finance Corporation (DFC) took over the Western Area Power Generation Project and what are the legal and financial basis for the US$412 million debt financing they are imposing on Sierra Leone in the name of an electricity project whose viability remains highly questionable?

In addition to the above, we also ask whether the DFC's takeover of the Western Area Power Generation Project in compliance with the provisions of the US Build Act of 2018? What do the registration details, corporate records, and shareholders arrangements of TCQ Power Limited, Milele Energy Limited, and Milele Topco Limited tell us about the company's profile and transnational operations in Africa, Europe, Asia, and the Americas? What roles have the United States Embassy and British High Commission in Freetown played in these corporate developments in Sierra Leone in the last 15 years?

Most importantly, what is the relationship between Milele Energy's corporate network and Julius Maada Bio and other Sierra Leone Peoples Party politicians? And did Sierra Leone's Anti-Corruption Commission (ACC) play a role in these dubious corporate arrangements, and what benefits did the ACC derive from the DFC and Milele’s corporate operations in Sierra Leone?

This episode is part of the VOICE FROM EXILE commentary series of the Africanist Press.

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18 Touko 38min