Search Results for: Malawi

BY RICHARD HURST
MONEY laundering is all about fake respectability, transforming the seedy and ill-gotten into the legitimate and well-earned; so in Africa, where better to launder criminal money than through the continent’s most developed economy, South Africa.

Mike Savage, partner at Ernst & Young South Africa, said that the biggest problem facing African governments wanting to seriously tackle money laundering is to pinpoint the movement of funds that are moved across porous borders in a bid to cover tracks and conceal sources.…

BY RICHARD HURST, in Johannesburg
THE MALAWI government is seeking a strategic equity partner for its largest textile plant, David Whitehead & Sons, which it owns the entity through its para-statal the Agricultural Development and Marketing Corporation. Peter Kaleso, the Malawian minister of commerce and industry said that his department had been engaged with local and foreign consultants to find a buyer.…

BTY MARK ROWE
THE TOBACCO industry has not been exempt from the problem of young children working in developing countries. But in the past 12 months BAT has taken significant steps to address the question of child labour. Earlier this year it helped launch the Elimination of Child Labour in Tobacco Growing Foundation, which supports community-based initiatives to address the issue.…

BY ALAN OSBORN
CIGARETTES have changed a great deal in recent years though not all smokers may realise by just how much. Once it was commonplace to roll your own, using local tobaccos. Today the market is dominated by filters and international brands, many of them ranking among the world’s best-known consumer products.…

BY RICHARD HURST
THE MALAWIAN government has announced that it has set up a Malawi Oil Exploration Company to explore for crude oil deposits in its territory. Charles Kaphwiyo director of the Malawian geological surveys said that exploration is expected to begin on Lake Malawi where earlier research had signalled potential hydrocarbon resources.…

BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) has approved the lending of Euro 300,000 to help finance a Euro 1.8 million feasibility study into the viability of extracting strontianite ore at Kangankunde, in Malawi, southern Africa, and then processing it into marketable strontium carbonate.…

BY RICHARD HURST
USA President George W. Bush has approved 35 African countries as eligible for tariff preferences regarding clothing and textile exports to America under the African Growth and Opportunity Act (AGOA), with Zimbabwe and Gambia being notable sub-Saharan African pariahs from the move.…

BY KEITH NUTHALL
A HOLISTIC global campaign against HIV/AIDS has been agreed by Rome-based UN agencies: the Food and Agriculture Organisation, the International Fund for Agriculture Development and the World Food Programme. The trio will work to minimise the effect on food production of AIDS epidemics in countries where the disease is particularly widespread, namely Cambodia, China, Ethiopia, Kenya, Malawi, South Africa, Tanzania, Uganda, Zambia and Zimbabwe.…