AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Moboutu's Exile
Moboutu was estimated to be worth as much as five billion dollars during his 32 year reign. He maintained a presidential services fund that took up between 17 and 20 percent of the government's budget. Moboutu owned personal stock in every enterprise relating to zaire and congo. It was said that no business transaction with a foreknown company was allowed to take place unless a Kickback was paid to moboutu personally. The country faced a risk of virtual disintegration due to hyperinflation by 1994.