n Institute for Security Studies Papers - The Goldenberg conspiracy : the game of paper, gold, money and power

Volume 2005, Issue 117
  • ISSN : 1026-0404



Goldenberg was a high level conspiracy by senior officials of the Moi administration in Kenya, together with local and international wheeler dealers, who capitalised on the government's desperation for foreign exchange and the greed of the administration's cronies. It was the most blatant case of corruption associated with the Moi government. This paper shows how these corrupt activities, which had a devastating impact on one of Africa's most promising economies, were crafted and carried out. The political and economic environment in Kenya in the early 1990s probably mirrors that of other countries in the region and for that reason, this paper holds useful lessons for the region.

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