Search Results for: Congo

BY RICHARD HURST
THE DEMOCRATIC Republic of the Congo government has announced that it intends to increase the country’s falling copper production by refurbishing the Kamoto mine with assistance from Canada’s Kinross Gold Corporation.

Jean-Louis Nkulu Kitshunku, mining minister, said that the deal between the state-owned mining corporation Cecamines and Kinross would was nearing completion and would see the mine’s output increase to 50,000 tonnes of copper per annum in 2004.…

BY KEITH NUTHALL
AS with many projects inspired by the start of the next 997 years and the last three, the framing of the United Nations’ (UN) Millennium Development Goals was an ambitious enterprise.

Imposing statistically measurable targets for international organisations and national governments in making improvements in global poverty, education, gender equality, health, the environment and education, they have proved tough to attain.…

BY RICHARD HURST
ZAMBIA’S Copperbelt Energy Corporation (CEC), the supplier of electricity to the country’s mining industry, has embarked on a diversification growth programme, aimed at increasing its role in the Zambian and other southern African electricity markets through appropriate investments.…

BY KEITH NUTHALL
A PHD in rocket science is not required to understand that corruption is a problem worldwide. But such a qualification – and more – would be required to devise an effective plan to fight this financial plague. The United Nations’ (UN) is drafting an international convention on corruption and asked a string of experts to write reports to illuminate some issues.…

BY KEITH NUTHALL
THE WORLD Bank is developing a Regional Integration Assistance Strategy to remove obstacles to trade within six central African countries that would particularly promote commerce in the area’s rich metal reserves. Cameroon, the Central African Republic, Chad, the Republic of Congo (Brazzaville), Equatorial Guinea, and Gabon would benefit from five years of support, leading to road construction and improvement, the modernisation and integration of the financial sector, and by speeding ports and customs transactions.…

BY KEITH NUTHALL
THE REPUBLIC of the Congo (Brazzaville) has launched a case at the International Court of Justice, in the Hague, which is trying to undermine the principle of extra-territoriality under which activist magistrates, for instance in Belgium and Spain, have been seeking to prosecute crimes committed abroad.…

BY KEITH NUTHALL
IT is rare that an international organisation report on a scandal involving crime, corruption, war and environmental degradation names and shames high profile companies, but that is what is contained within the latest United Nations (UN) Security Council report on the Congo.…

BY KEITH NUTHALL
CONSERVATIONISTS have welcomed a controversial United Nations (UN) report identifying wealthy western companies allegedly involved in wartime projects in the Democratic Republic of the Congo (DRC) they say may endanger rare great apes.

It says Barclays Bank, diamonds giant De Beers, British mining corporation Anglo American, Belgian bankers Fortis, South African miners Iscor, and the United Arab Emirates’ Standard Chartered Bank and 79 other companies have broken OECD multinational good behaviour guidelines by their association with mining, logging or road building in the Congo.…

BY KEITH NUTHALL
THE EUROPEAN Union (EU) is facing a mass attack on its sugar export subsidies at the World Trade Organisation (WTO). They have been formally challenged by both Australia and Brazil, with the Ivory Coast, Congo, Madagascar, Columbia, Canada, Kenya, Barbados, India, Zimbabwe, Malawi, Jamaica, Swaziland, Fiji, Guyana and Mauritius expected to line up behind them in support.…

BY RICHARD HURST
MONEY laundering is all about fake respectability, transforming the seedy and ill-gotten into the legitimate and well-earned; so in Africa, where better to launder criminal money than through the continent’s most developed economy, South Africa.

Mike Savage, partner at Ernst & Young South Africa, said that the biggest problem facing African governments wanting to seriously tackle money laundering is to pinpoint the movement of funds that are moved across porous borders in a bid to cover tracks and conceal sources.…