Search Results for: Uganda

BY STEVEN SWINDELLS, in Johannesburg

THE FORTEEN countries of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) have their AML/CFT work cut out. Under-funded, lacking resources, short of political will and working in a region that leaks money like a sieve…it is a demanding context for the group’s daunting tasks.…

BY STEVEN SWINDELLS, in Johannesburg

AFRICA’S tobacco leaf producers are facing troubled times.

Instead of capitalising on crop and currency woes in rival Brazil, too many producers across the world’s poorest continent are battling drought and low selling prices.

Brazil’s problems should have opened a door of opportunity for leading African producers to claim back at least part of the world leaf market lost to south American and other producers when Zimbabwe’s crop collapsed amid the violent seizure of white-owned farm land.…

BY KEITH NUTHALL

THE LEASING of transport services in Uganda is to be funded by the European Investment Bank (EIB), which is planning to lend Euro 10 million’s worth of Ugandan shillings (UGX 21.4 billion) to the Kampala-based DFCU Leasing Company Ltd.…

BY KEITH NUTHALL

ECONOMIC growth, especially in emerging markets, is forcing international food businesses to take a closer look at opportunities in potentially unstable countries, and the global aid community is keen to help. One international institution is well positioned, especially given the increasing demand for development projects to be largely private financed: the Multilateral Investment Guarantee Agency, or MIGA, of the World Bank.…

BY KEITH NUTHALL

THE MULTILATERAL Investment Guarantee Agency, or MIGA, is the international organisation companies turn to when they want to invest in a jurisdiction where their assets might not be that safe. Mining companies have long used MIGA to cover risks that are too tasty for the private insurance industry, and the agency has issued 58 guarantees for the sector since it was formed in 1988.…

BY KEITH NUTHALL
THAT criminals abuse the insurance industry is nothing new for a sector routinely screening claims for hints of fraud. However, its managers have proved far less alert to the risk of it being exploited by money launderers and terrorist financers, a new detailed report has claimed.…

BY KEITH NUTHALL

THE MULTILATERAL Investment Guarantee Agency, or MIGA, is the international organisation companies turn to when they want to invest in a jurisdiction where their assets might not be that safe. Mining companies have long used MIGA to cover risks that are too tasty for the private insurance industry, and the agency has issued 58 guarantees for the sector since it was formed in 1988.…

BY KEITH NUTHALL
THE UN Food and Agriculture Organisation (FAO) is staging regional training and research programmes to cut the thousands of gallons of milk spoiled in east Africa every week. It estimates that US$59.7 million dairy products are lost annually in Kenya, Uganda and Tanzania.…

BY KEITH NUTHALL
CHINA has resisted calls at the World Trade Organisation (WTO) by its developing country competitors for special efforts to protect them from economic dislocation caused by January’s end of textile import quotas. Mauritius, Bangladesh, the Dominican Republic, Fiji, Madagascar, Sri Lanka and Uganda pushed at a WTO Council on the Trade in Goods for a WTO secretariat study identifying the likely problems and recommending solutions.…

BY KEITH NUTHALL
TRADE liberalisation is not enriching the world’s poor, claims a new UN Conference on Trade and Development (UNCTAD) report, with increased exports not necessarily boosted local consumption. Bangladesh, Guinea and Uganda were the only least developed countries where this happened in the 1990s.…