Search Results for: South Africa

BY KEITH NUTHALL

THE EUROPEAN Commission is to stage negotiations with the Peruvian government on forging a fishing access agreement with the European Union (EU), its first struck with a South American country. If successful, a deal would be a rich prize for EU fishermen, given the plentiful stocks that teem Peru’s deep Pacific Ocean territorial waters.…

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 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. Oil and gas companies have long used MIGA to cover risks that are too tasty for the private insurance industry, and at December 2005, MIGA had supported 13 oil and gas projects, with guarantees totalling US$707 million, with a standard leverage of five-to-one, so investments covered are actually five times larger.…

BY WESLEY GIBBINGS, in Port of Spain, Trinidad

WITH its multiple small jurisdictions, offshore tax havens and proximity to both drug producing countries in Latin America and the United States, the Caribbean has always been a focus of global anti-money laundering efforts.…

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 STEVEN SWINDELLS, in Johannesburg

SOUTH Africa’s nurses are faced with a crisis of having to provide front line care to the country’s six million HIV-AIDS sufferers. Political leadership is absent, funding is stretched and morale in the profession has slumped to alarming levels.…

BY ALAN OSBORN

IN line with the growing recognition in the 1980s of anti-money laundering campaigns as a weapon against terrorism and increased knowledge global drug supply routes, (implicating a number of Latin American countries), governments of the western hemisphere concluded that greater formal co-operation was necessary in fighting dirty money.…

BY KEITH NUTHALL

THE PRESIDENT of Canadian auto manufacturer supplies giant Magna International has welcomed the European Commission’s approval of its purchase of German roof system manufacturer CTS Fahrzeug-Dachsysteme GmbH (CTS) from sports car maker Porsche. Brussels has imposed no conditions on the deal, which it concluded would not harm competition in the European Union (EU).…

BY KEITH NUTHALL

DEVELOPING countries are failing to exploit the demand for cultural products, says a UNESCO Institute for Statistics report, which notes Britain, the USA and China produced 40% of the world’s cultural trade products in 2002, while Latin America and Africa together accounted for less than 4%.…

BY MATTHEW BRACE, in Sydney

IT might sound like science fiction but many of the most exciting and useful advances emerging from the super-science of nanotechnology are real. Nanotechnology is a relatively new approach that deals with understanding and applying the properties of matter at the nano-scale, where a small molecule measures one nano-metre (one billionth of metre) in length, or about 1/80,000 of the diameter of a human hair.…