Search Results for: Congo

BY KEITH NUTHALL
FINANCIAL restrictions should be imposed on companies, businessmen, ministers and soldiers charged with involvement in the shameless plundering of the mineral resources of the Democratic Republic of the Congo (DRC), a United Nations (UN) committee established to investigate the problem has concluded.…

BY ALAN OSBORN
1902-1912

British American Tobacco was created on September 29th 1902 as a joint venture between Imperial Tobacco Company of the UK and the American Tobacco Company of the US following a fierce trade war. The parent companies agreed not to trade in each other’s domestic territory and to assign trademarks, export businesses and overseas subsidiaries to the joint venture.…

BY KEITH NUTHALL
THE EUROPEAN Investment Bank has drawn up plans to lend First Quantum Minerals Ltd up to Euro 14 million to expand the Bwana Mkubwa hydrometallurgical copper production facility in Ndola, in the Zambian copper-belt.

Its aim is to boost its copper production from 10,000 tonnes per annum to 30,000 tonnes per annum, extending the useful life of the plant by at least six years.…

BY KEITH NUTHALL
A MORATORIUM in the trade of illegally exploited Congolese minerals has been proposed by a panel of experts, which has examined how the stripping of resources by foreign military forces has prolonged the ongoing war in the country.…

BY RICHARD HURST
USA President George W. Bush has approved 35 African countries as eligible for tariff preferences regarding clothing and textile exports to America under the African Growth and Opportunity Act (AGOA), with Zimbabwe and Gambia being notable sub-Saharan African pariahs from the move.…

BY KEITH NUTHALL
THE BELGIAN government has been put on legal notice by the European Commission that it could be heavily fined by the European Court of Justice for its failure to abide by rulings made in 1999 opposing Belgium’s cargo sharing shipping deals with five African countries, namely Togo, Mali, Senegal, the Ivory Coast and its former colony, the Democratic Republic of the Congo.…

KEITH NUTHALL
THE DISMANTLING of the Indonesian price regulator APKINDO and short-termist over-production in the south east Asian country has been blamed by the United Nations as the source of continual instability in world markets for this key timber product. Since the abolition of the organisation, said the new 2000-2001 World Commodity Survey from the UN Conference on Trade and Development, (UNCTAD), “the plywood market has witnessed extremely volatile prices.”…