Search Results for: Mauritius

Delhi International Airport (P) Ltd (DIAL), the private operator of the New Delhi’s Indira Gandhi International Airport has exited from the airport’s cargo business by selling its entire 26% equity stake in Delhi Cargo Service Centre Pvt. Limited.
“DIAL on 16th March 2015 has sold and transferred its entire holding…to India Infrastructure Fund-II [a private international investment vehicle]…and has received the total consideration of USD4.6 million,” GMR Infrastructure Limited, DIAL’s parent company has informed the Bombay Stock Exchange.…

The United States’ African Growth & Opportunity Act (AGOA) has helped boost many African countries’ apparel and textile sector, giving them duty-free and quota-free access to the US market. And while many are keen to see the act renewed before its expiration this September 30, some countries have benefited more than others.…

PLASTIC banknotes have been in circulation since their introduction in Australia in 1988 and their use is expanding. Counterfeiters beware. Alan Osborn, in London; Kitty So, in Ottawa; and Lee Adendorff, in Byron Bay, Australia, report.

FAKING banknotes is considerably more difficult on plastic than on cotton-based paper, and while printing technology improvements may aid forgers, central banks seem happy to avail themselves of the competitive advantage.

Plastic banknotes have been in circulation since their introduction in Australia in 1988 and the consensus so far seems to be that they do an excellent job of a key requirement – reducing counterfeiting. It may be that forgers will gain more expertise in time – faking is considerably more difficult on plastic than on cotton-based paper – but the initial reports from larger countries that have taken this route, such as Canada, Australia and New Zealand, have persuaded the UK’s Bank of England to follow them.

Plastic banknotes have been in circulation since their introduction in Australia in 1988 and the consensus so far seems to be that they do an excellent job of a key requirement – reducing counterfeiting. It may be that forgers will gain more expertise in time – faking is considerably more difficult on plastic than on cotton-based paper – but the initial reports from larger countries that have taken this route, such as Canada, Australia and New Zealand, have persuaded the UK’s Bank of England to follow them.

The Open University of Tanzania (OUT) is reaching out to higher education institutions in other neighbouring countries to establish collaborations that will encourage more foreign students to enroll for distance learning.
University vice chancellor Professor Tolly Mbwette said the institution’s board hoped to spread its influence regionally: “We are now the largest distance learning university in the region and our plan is to take distance learning to most countries in East Africa and those under the Southern African Development Community [SADC] by 2016.”…

INDIA’S beef exports continue to soar, while the new BJP-led government, whose Hindu nationalist leaders have in the past signalled opposition to India’s beef industry have yet to indicate plans to restrict the sub-sector.

Indeed, a senior official from the Agricultural and Processed Food Products Export Development Authority (APEDA), under the ministry of commerce and industry told globalmeatnews.com…

Li & Fung Ltd may have been unwilling to discuss claims that it was considering investing in the country’s planned Athi River export processing zone ‘textile city’ but the truth is that Africa is increasingly a focus of foreign clothing and textile investment.…

Chinese investment in sub-Saharan Africa’s textile processing sector is creating new capacity for finishing, but progress is uneven. Whilst China’s growing presence in the region is far from universally popular, industry figures consulted by International Dyer across the continent were generally positive about the trend.…

There is nothing better for a financial professional to oversee the transformation of an innovative company from a small scrapper to a big player – and ACCA qualified Australia-based Paula Kensington knows how this feels.

She is CFO of Rubik Financial – a Sydney-based provider of banking software – whose revenue since the end of 2011 has increased by 200% and its share price multiplied, driving market capitalisation exceeding Australian dollar AUD150 million (USD140.39 million).…