Search Results for: Tanzania

EAST African countries maybe updating their anti-money laundering and combating the financing of terrorism (AML/CFT) legislation and strengthening related institutions, but experts warn that a lack of enforcement will aid the proliferation of ML and TF in the region.

In Kenya, a Proceeds of Crime and Anti-Money Laundering (Amendment) Bill was approved by the country’s parliament last March (2017).…

THE BUSINESS of selling paints and other coating products is expected to skyrocket in Kenya as the government implements President Uhuru Kenyatta’s agenda of providing affordable housing in urban and rural areas and promoting manufacturing industry, over the next five years.…

DEFERRED Prosecution Agreements (DPAs), that allow companies and individuals that admit to wrongdoing and cooperate with investigators and avoid prosecution, are becoming increasingly common worldwide, including for money laundering offences. The systems are particularly useful sticks to force erring financial and other corporate institutions to improve their anti-money laundering and combating the financing of terrorism systems (AML/CFT), with prosecuting agencies deferring criminal cases on condition of sustained AML/CFT reforms.…

TOBACCO farming in Kenya is facing challenging times, with Tobacco Journal International being warned by farmers, government officials and market researchers that large-scale cultivation of the crop has been declining for five years in its traditional western region heartland.

Experts say output decline has been noted in the administrative areas that have dominated Kenyan tobacco leaf production.…

A STALLED project to make and test aviation biofuel in South Africa has offered a test case on how supply chain problems can prevent such innovative initiatives from making progress.

The launch of Project Solaris in 2014 as an international initiative between aviation and fuel sector partners to develop sustainable jet biofuel from the solaris crop attracted substantial media coverage for heralding in a new era in African aviation.…

CORRUPTION saps economic competition that drives productivity improvements and grows emerging market economies – this is a key reason behind the establishment of the Commonwealth Africa Anti-Corruption Centre (CAACC). Another is the established link between the perception of risk from corrupt practices in a country and foreign economic investment.…

SENIOR figures in Somalia’s education and employment sector are calling on the country’s increasingly influential government to bring down the numbers of tertiary colleges and universities to better match the lower number of graduates from secondary schools.

The proliferation of universities within Somalia, especially private organisations, as peace has taken root in the country, has prompted concern among experts that standards of education has weakened.…

WITH tobacco being a key driver of Zambia’s agriculture sector and a past reliable source of export earnings, a recent decline in leaf production has taken a heavy toll on this southern African country’s economy. Indeed, Zambia saw its agricultural foreign exchange earnings (of all farm-based products) fall by USD100 million in 2017, according to Zambia’s agriculture ministry.…

DEFERRED Prosecution Agreements (DPAs), that allow companies and individuals that admit to wrongdoing and cooperate with investigators to pay a fine and avoid prosecution, are becoming increasingly common worldwide. Enabling wrongdoers to avoid being debarred from bidding for many contracts and providing law enforcers with a commitment that companies and individual fraudsters will avoid fraud in future, DPAs offer benefits for police and suspects.…

SUB-SAHARAN Africa continues to grow as a key market for personal care product brands, with enlarging middle classes providing more spending power – however, the region’s most mature market – South Africa – has been experiencing some stagnation.

The rest of the region still is performing as emerging markets should – with growing sales, even when uneven across categories, giving brands much hope for the future.…