Search Results for: Mauritius

While many companies may be looking for strategies to exit China as its as labour and manufacturing costs rise, that is certainly not the case for John Cheh, vice chairman and CEO of Hong Kong-based quality cotton shirt manufacturer Esquel Group.…

A SALUTARY lesson learnt by the western world since the financial meltdown in 2008, is that there is no easy formula for ensuring economic growth. Despite the resilience of the United States and European institutions, markets and skills, restarting the economic engine has proved sluggish.…

BARACK Obama seems ready to accept an extension of the African Growth and Opportunity Act (AGOA) for another 15 years before it expires in 2015, but sub-Saharan African textile manufacturers might have mixed feelings.

African ambassadors in Washington DC have been under strict instructions from their governments to lobby the United States Congress to renew the law, forming an ambassadors’ AGOA working group led by Ethiopian ambassador Girma Birru.…

THE INDIAN Ocean island state of Mauritius has a good reputation within Africa for effective financial regulation. But the country has been criticised recently for excessive banking secrecy and it has been exposed to some high profile fraud. As a result, its anti-money laundering (AML) regulators will have to work hard to ensure Mauritius maintains its good name as Africa’s Mr Clean in AML terms.…

Knitwear companies on Mauritius have been inspired by the economic malaise harming their key European export markets to diversify their sales strategy by seeking to tap the key regional market of South Africa. It is now the Indian Ocean island country’s second largest knitwear export market after the European Union (EU).…

AT a time when the world seems increasingly led by lifelong politicians, it is perhaps refreshing to hear from a political leader who has a solid background in business, and such is former Canadian Prime Minister Paul Martin.

Speaking to Accountancy Futures, he showed how more than half-a-century of business and public life can be brought to bear in financial and commercial mentorship.…

EXPERTS representing accounting bodies from around the world urged accountants in Africa to help reduce corruption and mismanagement in their governments through effective bookkeeping and auditing, as the continent moves towards sustainable growth. The 2^nd Africa Congress of Accountants (ACOA) gathered in Accra, the capital of Ghana, from May 14-16.…

AFRICA’S beleaguered clothing and textile industry could take advantage of a projected downturn in exports from Chinese manufacturers, but only if a wide range of reforms are implemented locally.   

Industry experts have told the Source Africa trade event in Cape Town on April 12 that if the difficulties currently hamstringing the sector could be overcome then Africa’s clothing and textile sector could thrive.…

Clothing and textile companies in Mauritius are looking to South Africa to recoup export sales, given European export markets have been weakened by the ongoing financial crisis.

“The South African market is rising… which is benefiting directly local textile operators,” said Ahmed Parkar, chief executive of Star Knitwear a leading Mauritius clothing group.…

THE EUROPEAN Chemicals Agency (ECHA) has proposed that companies wanting to use five coatings chemicals must apply for special authorisation under the European Union’s (EU) REACH chemical control system.

The agency has already decided that these chemicals are substances of very high concern – potentially damaging human health or the environment, and now wants to go a step further.…