Search Results for: Zimbabwe
10 results out of 120 results found for 'Zimbabwe'.
CHINESE PHARMA COMPANIES EYE INVESTMENTS IN SUB-SAHARAN AFRICA, BUT THE GOING IS TOUGH
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.…
CURING-BASED DEFORESTATION CONTINUES TO CONCERN ZIMBABWE TOBACCO SECTOR
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.…
ZIMBABWE UNIVERSITIES PREPARE FOR GOVERNMENT CUTS TO WAGE SUPPORT
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.…
RUSSIA FIU MAY HAVE COMPLICATED FINANCIAL TRANSACTIONS WITH WESTERN COUNTRIES
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 SUBSIDIARY PLOTS ZIMBABWE NICKEL SMELTER REOPENING
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.…
OPEN UNIVERSITY OF TANZANIA OPENS NEW FRONTIERS ABROAD
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.”…
SUB-SAHARAN AFRICA PERSONAL CARE PRODUCT MARKET IS KEY GLOBAL GROWTH ZONE
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%.…
FATF GIVES IRAN FEBRUARY DEADLINE TO MAKE REFORMS, OR FACE TOUGHER AML/CFT CONTROLS
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.…
SENIOR ZIMBABWE MEAT INDUSTRY FIGURES CALL FOR COSTS REDUCTIONS TO AID EXPORTS
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.…
ZIMBABWE PLANS MAJOR PUBLIC INVESTMENT IN BEEF LIVESTOCK SECTOR
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.…