Search Results for: Mauritius

BY VILLEN ANGANAN

FUELLED by a booming construction sector, the Mauritius paints industry has been experiencing major growth in the last two years, with the island country’s two leading paint manufacturers – Mauvilac Industries Ltd and Sofap Ltd – experiencing significant boosts in sales.…

BY PAUL COCHRANE

THE WESTERN financial system is undergoing profound change, of weakened trust in the sector, heightened tax regulations, pressure to curb banking secrecy and tougher regulatory compliance. As a result, the owners of legal and extra-legal capital who are looking for a safe haven for their money are starting to consider destinations outside the established offshore jurisdictions – the less regulated financial centres of the Middle East and Asia.…

BY LEAH GERMAIN and ALYSHAH HASHAM

THE SMALL West African country of Guinea Bissau has seen its share of bloody coups, and is known as a cocaine smuggling hub between Latin America and Europe. Continued lawlessness and corruption in the country helped forced the European Union (EU) to withdraw support from security sector reform in 2010.…

BY VILLEN ANGANAN

THE FINISHING and dyeing plants of the Indian Ocean island state of Mauritius are feeling the pinch of high cotton yarn prices, putting profit margins under pressure.

"The order book of our dye house is relatively full as we have seen over recent months customers coming back to as they are looking for alternatives to Chinese producers.…

BY DEIRDRE MASON

AS production costs rise and environmental regulations tighten worldwide, manufacturers in the clothing and textile industry are looking for ways of dealing with their production waste as economically as possible. That, however, can never mean simply choosing the cheapest option, rather the smartest.…

BY VILLEN ANGANAN

Madagascar’s textile and clothing sector has been harmed by the country’s suspension from the USA African Growth and Opportunities Act (AGOA). It lost these trade benefits last December after President Andry Rajoelina seized power in March 2009 with army backing.…

BY VILLEN ANGANAN

The constant risk of financial crisis and economic malaise in the European Union (EU) is real and may have worrisome consequences for the Mauritius textile sector.

This Indian Ocean island state’s important textile and clothing sector has been dealing with the global recession in 2009, causing a contraction of 2.9% in output through a fall in demand from US and Europe markets.…

BY KEITH NUTHALL

A EUROPEAN Food Safety Authority (EFSA) panel has refused to set an advisory limit for the intake of sugar by European Union (EU) consumers. EFSA’s panel on dietetic products, nutrition and allergies has concluded in a comprehensive assessment of dietary requirements for EU consumers “there was insufficient evidence to set an upper limit for sugars”.…

BY ALISON MOODIE

THE SOUTHERN African knitwear industry has taken a serious knock over the past decade. Tough Chinese competition, a global recession and as regards the regional powerhouse South Africa – an overvalued currency – these are just some of its problems.…

BY KEITH NUTHALL

PEER reviews have begun assessing the banking and tax transparency systems promoted by the G20 group of nations following the international contagion of financial problems sparked by the credit crunch. The Organisation for Economic Cooperation & Development’s (OECD) Global Forum on Transparency and Exchange of Information will undertake the process.…