Search Results for: Mozambique

Kenya remains east Africa’s economic powerhouse and its ability to supply and encourage the region’s paint and coatings sector remains strong. Sales in paints, varnishes, pigments and other related coatings are expected to grow by 2.86% annually until 2028, according to insights from Statista (1), a Germany-based provider of market intelligence and business solutions.…

Isabel dos Santos, once known as the richest women in Africa, and daughter of Angola’s former President. is facing a tightening noose of legal action alleging corruption and embezzlement. Keith Nuthall and Andreia Nogueira report.

The Angola government has ramped up its efforts to arrest Isabel dos Santos, and confiscate many of her assets, following the death of her father, the former President of Angola, José Eduardo dos Santos, last July (2022).…

A new higher education law recently approved in December (2022) in Mozambique establishes and extends the power of the National Council for the Assessment of Higher Education Quality (CNAQ – Conselho Nacional de Avaliação da Qualidade) to undertake quality assurance in the country’s higher education.…

The European Commission has added the British overseas territory (BOT) of Gibraltar to European Union (EU) list of high-risk countries with strategic deficiencies in their anti-money laundering and countering the financing of terrorism (AML/CFT) regimes. This latest update to the EU AML blacklist (1) means that banks and other AML obliged entities will have to apply enhanced due diligence when dealing with transactions with Gibraltar, which was ceded to the UK in 1713, having been seized during the War of the Spanish Succession.…

The Mozambique government has proposed that companies, in the public and private sector, should be obliged to contribute 1% of their payroll to finance vocational education institutions in its country. The reason is that Mozambique companies and public bodies are struggling to recruit quality Mozambican graduates, forcing managers in ongoing major projects on gas and mining to hire ex-pats from the foreign labour market.…

FATF has acted against Russia, further squeezing it from the international AML/CFT system over its invasion of Ukraine, that as of October 17 had killed 6,306 civilians (UN figures). The global AML body’s latest plenary meeting highlighted the “needless loss of life, suffering and destruction” caused by the invasion, with Russia violating “FATF’s core principles [on] the security, safety and the integrity of the financial system”.…

Zimbabwe was taken off FATF’s grey list in March, but serious issues still abound claim critics of the move – from corruption to large scale gold smuggling, while a controversial law on NGOs may be misused to go after political opponents, they argue.…

INTRODUCTION 

With the textile industry under pressure from consumers, regulators and standards to become more sustainable, companies are looking at all aspects of the supply chain – including upstream to fibre production. Digitalisation has a key role to play here, especially in supplier countries where the use of such technology is weak – such as in Africa.…

While the Islamic State in Iraq and Syria (ISIS) is a shadow of its former self in the Middle East, it has spawned global affiliates and is still very much in business, posing ongoing terrorist financing threats.

At the peak of its power as a self-declared Islamic Caliphate in 2015, ISIS controlled around a third of Syria’s territory and 40%of Iraq, with some 7.7 million people under its rule.…

The sale and consumption of halal products, including food and beauty products, in Mozambique are growing, the president of the Halal Commission of Mozambique (Comissão Halal de Moçambique – https://halalmoz.com/) has told Salaam Gateway.

Maulana Ibraimo Issa said Mozambique halal traders and manufacturers were profiting from a global market expected by Germany statistics company Statista to grow from USD1.4 trillion in 2017 to around USD2.6 trillion by 2024, (https://www.statista.com/topics/4428/global-halal-market/#topicHeader__wrapper).…