Investing Secession – a way forward?

A gamble on secession | Article | Africa Confidential Fri, 20 Sep 2013 00:00:00 GMT

A private company claiming to have bought oil licences from three governments in exile is looking for investors. Several prominent secessionists sit on its advisory board

Kilimanjaro Capital is not the first company to try selling mineral rights in territories claimed by secessionist movements but it must be one of the most bizarre. It claims to have bought these rights for an undisclosed sum from the ‘governments in exile’ in Cabinda, the Bakassi Peninsula and south-eastern Nigeria. In reality, all these territories are firmly under the political and military control of the governments of Angola, Cameroon (whose rights to Bakassi have been confirmed by the International Court at the Hague) and Nigeria, respectively.