Search Results for: Kenya

The Kenyan Senate is consulting on a proposed law that will commit international mining companies to hire Kenya-based staff and source supplies locally. The Local Content Bill (see http://kenyalaw.org/kl/fileadmin/pdfdownloads/bills/2016/LocalContentBill_2016.pdf) has been reintroduced formally to the Senate this year – an original text had been tabled in 2016, but debates were interrupted by Kenya’s 2017 general election.…

EDUCATIONALISTS have called upon Kenyan universities to include social justice and transformation in their teaching curriculum, to prepare graduates to serve their societies selflessly and diligently.

At a conference called ‘Touching Hearts, Teaching Minds and Transforming Lives’, staged at Tangaza University College, in the capital Nairobi, delegates were told Kenyan students are not fully prepared for the society they are expected work and serve within, upon graduation in the current system.…

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).…

ACHIEVING regulatory convergence in the USD465 billion global cosmetics industry (Euromonitor 2017 figures) is an important long-term goal, industry experts agreed at European personal care product association Cosmetics Europe’s June 13-14 annual conference 2018 in Brussels. Europe is a key market for this industry – providing EUR77.6 billion’s worth of personal care product sales last year, and supporting more than two million jobs, said Cosmetics Europe president Loïc Armand, also president of L’Oréal France.…

THE SINGAPORE government has released an accountancy roadmap, enabling the profession in the city state to grow 5.6% annually to generate Singapore dollars SGD2.03 billion (USD1.48 billion) in nominal value-added income, creating 2,000 new PMET (professionals, managers, executives and technicians) jobs by 2020.…

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.…

Brazil is by far the country most-named in American investigations for crimes against the US Foreign Corrupt Practices Act (FCPA), with China trailing behind in second place, according to the latest listing from a blog, FCPA Tracker. It says industries cited in the different FCPA probes tied to Brazil include power generation, waste management, oil and gas services, food production, steel manufacturing and telecommunications.…

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.…

A SOMALIA air traffic control organisation has taken control of the country’s civilian airspace 26 years after the collapse of the country’s government left ATC affairs in the hands of the International Civil Aviation Organisation (ICAO). The handover of control to the Somali Civil Aviation and Meteorology Authority (SCAMA) happened on December 28 (2017).…