Business ethics gathers pace and becomes one of the central issues in most countries. As a student interested in business governance and ethics, I cannot overpass the problem of corruption in African countries and how bribes and kickbacks help leader corporations get contracts and perform in the business sphere. The latter also influences the political situation, a good example of which will be the bribery of Glencore and BP companies to the Nigerian National Petroleum Corporation that played a part in the 2015 and 2019 elections in the country (Adamolekun, 2021).
My research aims to highlight the possible solutions to the issue to decrease bribery and money laundering by leader organizations in African countries. An example of decent law regulations of corruption is Norway, where any form of active and passive bribery is criminalized even if it is done abroad (Risk &Compliance Portal, 2020). Developing proper legislation can help African countries lead businesses on a new level, make fair and transparent contracts without political interference.
Regarding literature that is relevant to my area of studies, I have found various scholarly articles and statistical data allowing to gather the needed data for the research.
Aarvik, P. (2019). Artificial Intelligence–a promising anti-corruption tool in development settings. U4 Anti-Corruption Resource Centre.
The following article proposes possible solutions to the issue by implementing artificial intelligence tools that can highlight or even predict corruption actions.
Adamolekun, R. (2021). Glencore, BP litigations show oil bribery played a part in Nigeria’s 2015, 2019 elections – report. Premium Times.
This article from the newspaper discloses an example of bribery in Nigeria and draws in detail the power of leading companies in business and political areas. The source can help study the current issues in Nigeria and develop possible solutions to the issue.
Adeyeye, A. (2017). Bribery: cost of doing business in Africa. Journal of Financial Crime, 24(1), 56-64.
This study examines the issue of corruption as the perception of the price of the leading business in Africa. The study investigates the costs of corruption on the development of nations and on corporations that offend the law. The article proposes practical solutions to deal with foreign bribery that can be useful for the research.
Adeleye, I., Luiz, J., Muthuri, J., & Amaeshi, K. (2020). Business ethics in Africa: The role of institutional context, social relevance, and development challenges. Journal of business ethics, 161(4), 717-729.
The following article discloses the topic of business ethics in African countries and possible challenges that can be met on the way of developing it. The paper can be useful for a deeper understanding of obstacles and disbalances business ethics faces in the current flow of events.
Budhram, T., & Geldenhuys, N. (2018). Combating corruption in South Africa: Assessing the performance of investigating and prosecuting agencies. Acta Criminologica: African Journal of Criminology & Victimology, 31(2), 23-46.
The article investigates the corruption in South Africa using published information from annual reports from 2014 until 2017. The work also compares these results with the outcomes reached by Singapore, Lithuania, and Hong Kong during the same period. This article assesses the current problems of corruption in African countries and provides outstanding results by developed countries.
Galperin, B. L., Enueme, C. F., & Dixon, D. P. (2020). Pay the bribe or take the high road: Dilemma of a young female Tanzanian entrepreneur. The CASE Journal, 16(1), 75-96.
This article can be a good example of the impact of cultural specialties, unemployment issues, corruption, and business ethics on forming business choices. Tanzanian entrepreneur shares the experience and gives an observation on factors influencing business decision-making. The latter can be used as possible triggers for future changes.
Masenya, M. J. (2017). Neo-patrimonialism, corruption, and governance in South Africa. African Journal of Public Affairs, 9(9), 146-156.
This article highlights the issue of corruption from the perspective of contradictions in governance and neo-patrimonialism specialties. The latter factors stand in the way of an effective fight with the problem, and possible reorientation of mindsets and reorganization of the government structure can be useful in solving the major issue.
Risk & Compliance Portal (2020). Norway corruption report.
This report gives an example of successful corruption management in a developed country which can enhance the current legislation of African countries. The law involves all types of bribery done inside the country or internationally and references to all Norwegian citizens.
Turyakira, P. K. (2018). Ethical practices of small and medium-sized enterprises in developing countries: Literature analysis. South African Journal of Economic and Management Sciences, 21(1), 1-7.
This article studies the ethical dilemmas medium-sized companies face in developing countries and develops the possible solutions and strategies for deciding the highlighted issues. This work can help identify major struggles of middle-sized enterprises and find possible solutions in the area of business ethics.
Ufere, N., Gaskin, J., Perelli, S., Somers, A., & Boland Jr, R. (2020). Why is bribery pervasive among firms in sub-Saharan African countries? Multi-industry empirical evidence of organizational isomorphism. Journal of Business Research, 108, 92-104.
This study analyzed 5989 companies in Sub-Saharan Africa well-known for bribery and distinguished organizational isomorphism as one of the phenomena most enterprises hide their illegal practices. The biggest cause of bribery was identified as institutional coercion that can help the research to highlight the major causes of the issue.
References
Aarvik, P. (2019). Artificial Intelligence–a promising anti-corruption tool in development settings. U4 Anti-Corruption Resource Centre. Web.
Adamolekun, R. (2021). Glencore, BP litigations show oil bribery played part in Nigeria’s 2015, 2019 elections – report. Premium Times. Web.
Adeleye, I., Luiz, J., Muthuri, J., & Amaeshi, K. (2020). Business ethics in Africa: The role of institutional context, social relevance, and development challenges. Journal of business ethics, 161(4), 717-729. Web.
Adeyeye, A. (2017). Bribery: cost of doing business in Africa. Journal of Financial Crime, 24(1), 56-64. Web.
Budhram, T., & Geldenhuys, N. (2018). Combating corruption in South Africa: Assessing the performance of investigating and prosecuting agencies. Acta Criminologica: African Journal of Criminology & Victimology, 31(2), 23-46.
Galperin, B. L., Enueme, C. F., & Dixon, D. P. (2020). Pay the bribe or take the high road: Dilemma of a young female Tanzanian entrepreneur. The CASE Journal, 16(1), 75-96. Web.
Masenya, M. J. (2017). Neo-patrimonialism, corruption, and governance in South Africa. African Journal of Public Affairs, 9(9), 146-156.
Risk & Compliance Portal (2020). Norway corruption report. Web.
Turyakira, P. K. (2018). Ethical practices of small and medium-sized enterprises in developing countries: Literature analysis. South African Journal of Economic and Management Sciences, 21(1), 1-7.
Ufere, N., Gaskin, J., Perelli, S., Somers, A., & Boland Jr, R. (2020). Why is bribery pervasive among firms in sub-Saharan African countries? Multi-industry empirical evidence of organizational isomorphism. Journal of Business Research, 108, 92-104. Web.