Search Results for: Nigeria

A BUDDY training system has been launched by the International Civil Aviation Organisation (ICAO), enabling countries with significant regulatory capacity to help other states prepare for the upcoming CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) scheme. ICAO has been training national officials to advise on ensuring CORSIA’s legal requirements are written into local laws and also on building the emissions data monitoring, reporting and verification systems they need to measure their airlines’ carbon footprint.…

A 2011 oil deal at the centre of a huge corporate fraud and corruption trial currently underway in a Milan court would see Nigeria lose nearly USD6 billion if it is not overturned, according to a report from Global Witness. Quoting claims made in the case, ‘Take the Future’ alleges that Italy’s partly state-owned Eni and Anglo-Dutch Shell knew that much of the USD1.1 billion they paid for a license to explore OPL 245 (oil prospecting licence) an offshore oil field in the Niger delta, ended up in the pockets government officials and did not end up in Nigerian state coffers, according to emails uncovered during the investigation.…

THE PERCEPTION of beauty and hence the design and supply of personal care products is slowly changing in sub-Saharan Africa as its increasingly wealthy middle class consumers take a more personalised approach to how they look. The region has a widely diversified consumer-base, whose varied tastes are pushing brands to rethink personalising cosmetics and personal care products like never before. …

As he took in the fourth Africa Sourcing and Fashion Week (ASFW) in the Ethiopian capital of Addis Ababa last week, Kenneth K Han, managing director of Shints ETP Garment Plc, said he is optimistic over the country’s potential in the textile and apparel sector, despite many challenges.…

WITH an estimated USD1.5 trillion lost to the global economy because of bribes, the World Bank is pushing for a diverse array of technology to be deployed – it is a call being answered with anti-graft systems being installed worldwide.

Reducing corruption “is a priority” for the World Bank, it said in a briefing note in September 2017.…

The recent sight of a Chinese internet celebrity in a milking parlour in Limerick could be a hint of what the future holds for Ireland’s increasingly international dairy industry. Xiao Lu Yu, one of the ‘influencers’ who monetise Chinese social media (see https://m.weibo.cn/status/4279583182420503…

TIME was when dairy farming in Ireland was a family affair, with smallholdings and local dairies predominant. But those days are long gone. The Irish dairy sector is now big business, not just on Republic of Ireland’s 4.8 million population, but also overseas, with big brands targeting foreign markets.…

Southwark Crown Court, London, found two former top executives of collapsed oil firm Afren guilty of fraud and money laundering in their handling of a USD300 million oil deal. In the October 24 ruling on a case brought by the Serious Fraud Office (SFO), the court found former chief executive and operating officers, Osman Shahenshah and Shahid Ullah guilty of fraud by deceiving the Afren Board into agreeing the USD300 million business deal, from which they personally received more than USD17 million.…

A SALES and Services Tax (SST), replacing Malaysia’s now abolished goods and services tax (GST), has come into force (from September 1), via the new Sales Tax Act 2018 and the Service Tax Act 2018. The SST is a single-stage tax, a sales and services tax imposed on manufacturers and service providers rather than end customers, as with the 6% GST.…

SOLAR energy in Africa ought to be a no brainer. The continent has lot of sun, and weak electricity supplies, especially in the Sahel and sub-Saharan Africa. And yet, climate finance that has developed since the Paris climate change agreement of 2015, that could help grow green energy in this sunny continent, has not focused on Africa.…