Search Results for: Zimbabwe

China pharmaceutical industry investors want to help sub-Saharan African countries meet growing domestic demand for medicine in return for tax breaks and private-public partnership initiatives. But there are difficulties – including product quality and standards issues that impede the flow of Chinese Yuan into African pharma production.…

The scale of Zimbabwe’s reforestation programmes needs to vastly increase if they are going to counter the decimation of the country’s forests by the tobacco industry, a leading agricultural expert has warned.
Harare-based agriculture consultant Charles Taffs believes that if the current rate of deforestation continues without significant intervention, in less than seven years the 80,000 small-scale tobacco producers who supply the industry will have no wood left to burn for the leaf curing process.…

State -owned universities in Zimbabwe have started gearing for full commercialisation of their activities after the cash-strapped government warned it could cut its salary obligations to state higher education institutions by 50% in the near future.
Although there has been no official policy pronouncement from the Zanu-PF government, University World News has been told that its higher and tertiary education minister Oppah Muchinguri has advised vice chancellors from all state universities to start focusing on commercial projects.…

The Russian Federal Financial Monitoring Service (Rosfinmonitoring), Moscow’s financial intelligence unit (FIU), has singled out individual and commercial customers using Russian banks from 41 countries for special transactions reports. Among these countries on the “blacklist” are the U.S., Canada, the European Union (28 states), Australia, Norway, Iran, Syria, Sudan, New Zealand, Argentina, Mexico Switzerland, North Korea and Zimbabwe.…

Mwana Africa’s Zimbabwe subsidiary Bindura Nickel Corporation (BNC) says it is on course to restart its nickel smelter in the first half of this year as the nickel giant moves to increase revenue and cut operating costs. The company plans that it will initially produce high quality nickel cathodes, copper sulphide and cobalt hydroxide, processing 195,000 tonnes of ore per quarter year.…

The Open University of Tanzania (OUT) is reaching out to higher education institutions in other neighbouring countries to establish collaborations that will encourage more foreign students to enroll for distance learning.
University vice chancellor Professor Tolly Mbwette said the institution’s board hoped to spread its influence regionally: “We are now the largest distance learning university in the region and our plan is to take distance learning to most countries in East Africa and those under the Southern African Development Community [SADC] by 2016.”…

One of the biggest expanding markets for cosmetics and personal care products is sub-Saharan Africa. A key exporter to the region, L’Oréal has estimated that the overall African beauty and personal care market generated EUR6.93 billion (USD8.61 billion) in 2012, growing at between 8% and 10% annually, compared to a global market growth rate near 4%.…

THE FINANCIAL Action Task Force (FATF) has warned Iran it faces tighter international scrutiny of its financial services and dealings, should it fail to criminalise terrorist financing and boost its suspicious transaction reporting (STR) requirements.

In its latest assessment of jurisdictions failing to comply with FATF anti-money laundering and combating the financing of terrorism (AML/CFT) recommendations, the global AML body singled out the Islamic republic, giving Tehran until February (2015) to make reforms, or face the consequences.…

The Zimbabwean government has been urged by a major domestic meat processor to take steps that will make local meat more price-competitive and attractive to external markets as it prepares to undertake a meat export drive.

Chief executive of Colcom, Theo Kumalo, argued that the government needed to address the problem of high stock feeds, which continue to inflate costs.…

The Zimbabwe government last week (Sept 11) announced a USD51.2million livestock support scheme in its mid-term policy review, with the goal of producing 400,000 tonnes of beef per annum by 2018, in line with the country’s economic blueprint, Zim Asset.

A key focus of the policy is to benefit 1.6 million household livestock farmers, who would, for example, be supplied with 500g of tick grease, 1 litre of de-wormer solution, and 500ml of wound medicine.…