Last week it became known that two top Swedish banks, Swedbank and Handelsbanken, both invest in the controversial oil company Africa Oil Corp. Africa Oil is owned partially by the Swedish-Canadian Lundin group of companies, and has been heavily criticised for being present (looking for oil and natural gas) in the Ogaden province of Ethiopia. In Ogaden, the Ethiopian military has been trying to snuff out an ongoing fight for liberation, and the province has been completely isolated from foreign media for years. Africa Oil has been accused of keeping the conflict going as they are being protected by military forces. 
The controversy surrounding Africa Oil, especially here in Sweden, stems from the fact that two Swedish journalists Martin Schibbye and Johan Persson have been imprisoned in Ethiopian jail for more than 200 days; convicted of illegal entry and terrorism charges. They crossed the border from Somalia, attempting to find out whether the accusations against Africa Oil were true. However, they didn’t get very far before they were arrested.
Despite being a signatory of the Universal Declaration of Human Rights, in which Article 19 states that ‘Everyone has the right to freedom of opinion and expression, (…) to seek, receive and impart information and ideas through any media and regardless of frontiers’; and despite an international outcry, Martin Schibbye and Johan Persson are currently serving an eleven-year sentence.
And Africa Oil? Africa Oil continues to hunt for oil and natural gas in Ogaden. With a little help from Swedbank and Handelsbanken.





