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A FAILURE to embrace and adopt science and technology is hurting the clothing, textile and cotton industries of Africa, delegates attending an International Textile Manufacturers Federation (ITMF) three-day conference in Nairobi, Kenya, from September 7-9. The annual conference, staged this year in a sub-Saharan African country for the first time in the ITMF’s 114 years of existence, heard experts commenting that a reluctance by African companies to adopt new technology had not only slowed growth in the apparel and textile sector, but was also potentially pushing companies towards stagnation.…

MAJOR universities from six African countries will next year (2019) be able to develop their services through each receiving USD20 million grants from the World Bank, via a regional rural development research initiative, with the money designed to turn these institutions into regional hubs for agricultural learning.…

China seems to have given the world nuclear industry back its mojo this summer with two big moves: the signing in June of an order for four Gen 3+ VVER-1200 reactors from Russia’s Rosatom. This certainly got the bubbly flowing at the World Nuclear Exhibition, in Paris, in late June, following two years of sluggish investment in this globalised industry.…

EAST African countries maybe updating their anti-money laundering and combating the financing of terrorism (AML/CFT) legislation and strengthening related institutions, but experts warn that a lack of enforcement will aid the proliferation of ML and TF in the region.

In Kenya, a Proceeds of Crime and Anti-Money Laundering (Amendment) Bill was approved by the country’s parliament last March (2017).…

THE BUSINESS of selling paints and other coating products is expected to skyrocket in Kenya as the government implements President Uhuru Kenyatta’s agenda of providing affordable housing in urban and rural areas and promoting manufacturing industry, over the next five years.…

TOBACCO farming in Kenya is facing challenging times, with Tobacco Journal International being warned by farmers, government officials and market researchers that large-scale cultivation of the crop has been declining for five years in its traditional western region heartland.

Experts say output decline has been noted in the administrative areas that have dominated Kenyan tobacco leaf production.…

CORRUPTION saps economic competition that drives productivity improvements and grows emerging market economies – this is a key reason behind the establishment of the Commonwealth Africa Anti-Corruption Centre (CAACC). Another is the established link between the perception of risk from corrupt practices in a country and foreign economic investment.…

MORE companies have ‘fraud response plans’ (FRPs) than ever before to try and mitigate the recurrence and fallout from fraud incidents. But greater adoption does not always equal efficacy, with companies not always had the right procedures to learn from past mistakes.…

OECD SAYS 49 JURISDICTIONS WILL AUTOMATICALLY EXCHANGE TAX INFORMATION THIS YEAR

THE IDENTITY of 49 jurisdictions that will automatically exchange tax information in 2017 under a global standard has been revealed by the Organisation for Economic Cooperation & Development (OECD).…

Africa governments are waking up to the fact that the continent could be a ‘new frontier’ for clothing manufacturing sourcing, export associations and manufacturers at Destination Africa, a trade event in Cairo, Egypt, have told just-style.

They stressed that Africa has significant opportunities to divert manufacturing from Asia due to rising production costs, especially in China, and take advantage of the proximity to European markets.…