Search Results for: Zambia

BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) has drawn up plans to lend Australia-controlled Albidon Zambia Limited Euro 32 million (US$40 million) to create a new medium-scale underground nickel sulphide mine in Munali, southern Zambia. The money would also help Albidon build and operate an associated ore processing plant and related infrastructure and provide the company enough capital to continue other exploration and business activities.…

BY KEITH NUTHALL

THE EUROPEAN Investment Bank (EIB) is planning to lend Euro 80 million to help Australian-Canadian company Equinox Minerals Ltd develop a new copper mine in Zambia, that is outside the country’s established copper belt. Equinox wants to invest Euro 709 million in a dual site mine, a processing plant and associated infrastructure.…

BY STEVEN SWINDELLS, in Johannesburg

SUB-SAHARAN Africa’s biggest cotton producer Mali is mulling GM cotton trials, a development which could open up cheap cotton supplies for the textile and clothing trade.

But resistance from local farmers to high seed costs and tough times for existing GM cotton growers in South Africa – the only African country where GM is commercially grown – may mean that Africa’s potential as a key supplier is still some way off.…

BY STEVEN SWINDELLS, in Johannesburg

THE FORTEEN countries of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) have their AML/CFT work cut out. Under-funded, lacking resources, short of political will and working in a region that leaks money like a sieve…it is a demanding context for the group’s daunting tasks.…

BY STEVEN SWINDELLS, in Johannesburg

ONGOING recruitment of South African nurses to the UK is pushing South Africa’s already hard pressed public health system close to the brink of collapse and putting patient care at risk, the country’s lead nursing union and health experts have warned.…

BY STEVEN SWINDELLS, in Johannesburg

AFRICA’S tobacco leaf producers are facing troubled times.

Instead of capitalising on crop and currency woes in rival Brazil, too many producers across the world’s poorest continent are battling drought and low selling prices.

Brazil’s problems should have opened a door of opportunity for leading African producers to claim back at least part of the world leaf market lost to south American and other producers when Zimbabwe’s crop collapsed amid the violent seizure of white-owned farm land.…

BY RICHARD HURST, in Johannesburg

THE PAINT and coatings industries in the Southern African states of Botswana, Namibia, Zimbabwe, Swaziland, Lesotho and Zambia are closely linked to that of the regional economic giant South Africa in the that the major manufacturing plants are located in the industrialised area of South Africa’s Gauteng province with branch offices in the neighbouring states acting as agents for the parent companies in South Africa.…

BY KEITH NUTHALL

THE MULTILATERAL Investment Guarantee Agency, or MIGA, is the international organisation companies turn to when they want to invest in a jurisdiction where their assets might not be that safe. Mining companies have long used MIGA to cover risks that are too tasty for the private insurance industry, and the agency has issued 58 guarantees for the sector since it was formed in 1988.…

BY STEVEN SWINDELLS in Johannesburg

DROUGHT-HIT and AIDS-ravaged southern Africa is faced with a looming humanitarian crisis with almost 12 million people in need of food aid. But genetically modified (GM) crops remain off the menu for most African governments who remain reluctant to allow their farmers to do business with GM giants Monsanto and Syngenta.…

BY DEIRDRE MASON
IT may never equal the four-fold rise in the price of a barrel of crude oil that took place between 1973 and 1974, but this year’s hike to more than US$60 a barrel has given all those industries dependent on the stability of fuel prices a severe shock, and the aviation industry is one of those reeling from the increases.…