Search Results for: Nigeria

BY KEITH NUTHALL

A TRUST backed by Nigeria’s energy industry to take over long-term management of a ‘Fabrication Training Centre’, offering management and technical training to engineers, welders, and construction companies working on oil and gas projects. The centre had been set up for US dollars USD600,000 by the World Bank’s International Finance Corporation and backers from Norway and Nigeria.…

BY KEITH NUTHALL

THE GERMAN government is giving Euro EUR1.2 million to a UN project expanding and upgrading small and medium-sized generic pharmaceutical manufacturers in Asia and Africa. It is run by the UN Industrial Development Organisation (UNIDO) and aims to spread medicine manufacture across a continent where production is mainly concentrated in South Africa, Nigeria, Ghana and Kenya.…

BY KEITH NUTHALL

THE GERMAN government is giving Euro EUR1.2 million to a UN project expanding and upgrading small and medium-sized generic pharmaceutical manufacturers in Asia and Africa. It is run by the UN Industrial Development Organisation (UNIDO) and aims to spread medicine manufacture across a continent where production is mainly concentrated in South Africa, Nigeria, Ghana and Kenya.…

BY BARBARA BIERACH

WHILE the Reserve Bank of Australia has a licence to print cash, two subsidiaries wanted one too, it seems – only using international sales agents to bribe foreign public officials over banknote printing contracts. Barbara Bierach reports from Sydney.…

BY KEITH NUTHALL

A MAJOR report on Africa from consultants McKinsey Global Institute has called on African oil exporting countries to boost growth through diversifying their economies. It said: "Africa’s oil and gas exporters have the highest GDP per capita but the least diversified economies."…

BY KEITH NUTHALL

THE TOWN of Asbestos in French-speaking Québec, Canada – named after the mineral that underpins its economy – is waiting to see whether its provincial government will approve a Canadian dollar CAD58 million (US dollar USD56 million) loan enabling an underground mine to tap an immense deposit.…

BY GEORGE STONE

THE DEMOCRATIC Republic of Congo (DRC) is moving towards giving permission to a consortium led by Irish independent Tullow Oil to develop oil and gas production on its side of Lake Albert, government officials have signalled. Kinshasa, DRC’s capital city, is currently a minnow in Africa’s oil producer’s league, pumping just 25,000 barrels per day (bpd) while the continent’s leading exporters Nigeria and Angola are hitting the 2 million bpd mark.…

BY BILL CORCORAN

LAST year, the former executive chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu, summed up why he thought the west African country’s efforts to curb corruption and money laundering has faltered in recent years. "When you fight corruption, it fights back," said Mr Ribadu in June, as he addressed the United States government’s House of Representatives committee on financial services on capital loss and corruption in Nigeria, as well as in Africa.…

BY GEORGE STONE

THE KYOTO Protocol’s Clean Development Mechanism (CDM) has made slow progress in Africa, but schemes are slowly getting off the ground, led by programmes in Nigeria, Kenya and South Africa.

Under the United Nations-backed CDM process, projects that reduce greenhouse gas emissions and contribute to sustainable development can earn saleable certified emission reduction (CER) credits.…

BY EMMA JACKSON, KEITH NUTHALL, ALAN OSBORN, PAUL COCHRANE and BILL CORCORAN

WEST Africa is becoming a key region in the booming trade of illicit cigarettes, counterfeit copies of premium brands and smuggled properly branded and manufactured sticks. So much money is being made by criminals using this often-chaotic region as a hub to receive illicit sticks and then distribute them throughout Africa that this trade is becoming a matter of serious concern to the United Nations and even NATO.…