Search Results for: Mauritius

BY DEIRDRE MASON

AS production costs rise and environmental regulations tighten worldwide, manufacturers in the clothing and textile industry are looking for ways of dealing with their production waste as economically as possible. That, however, can never mean simply choosing the cheapest option, rather the smartest.…

BY VILLEN ANGANAN

The constant risk of financial crisis and economic malaise in the European Union (EU) is real and may have worrisome consequences for the Mauritius textile sector.

This Indian Ocean island state’s important textile and clothing sector has been dealing with the global recession in 2009, causing a contraction of 2.9% in output through a fall in demand from US and Europe markets.…

BY VILLEN ANGANAN

Madagascar’s textile and clothing sector has been harmed by the country’s suspension from the USA African Growth and Opportunities Act (AGOA). It lost these trade benefits last December after President Andry Rajoelina seized power in March 2009 with army backing.…

BY KEITH NUTHALL

A EUROPEAN Food Safety Authority (EFSA) panel has refused to set an advisory limit for the intake of sugar by European Union (EU) consumers. EFSA’s panel on dietetic products, nutrition and allergies has concluded in a comprehensive assessment of dietary requirements for EU consumers “there was insufficient evidence to set an upper limit for sugars”.…

BY ALISON MOODIE

THE SOUTHERN African knitwear industry has taken a serious knock over the past decade. Tough Chinese competition, a global recession and as regards the regional powerhouse South Africa – an overvalued currency – these are just some of its problems.…

BY KEITH NUTHALL

PEER reviews have begun assessing the banking and tax transparency systems promoted by the G20 group of nations following the international contagion of financial problems sparked by the credit crunch. The Organisation for Economic Cooperation & Development’s (OECD) Global Forum on Transparency and Exchange of Information will undertake the process.…

BY KEITH NUTHALL

IF a global poll was taken to identify the best known international organisation, the Egmont Group would be lucky to get a mention, despite it linking 116 financial intelligence units (FIU) worldwide.

It is partly to raise profile that the group last June appointed its first chair, Luis Urrutia, who heads Mexico’s FIU.…

BY KEITH NUTHALL

RUSSIA and Ukraine appear to have headed off an oil transit dispute that could have created a repeat of last year’s major disruption of European natural gas supplies. Moscow and Kiev have signed an agreement increasing by 30% the fees Ukraine charges on transporting Russian oil to the European Union (EU) – this alters a 2004 contract and the change had sparked a diplomatic tussle.…

By Bill Corcoran

Confirmation that critical portions of the new Seacom 17,000km undersea fibre optic cable linking Africa to Europe and India have been completed marked a momentous occasion for people involved in tertiary education in South Africa.

As universities around the world have become used to fast and affordable internet access that handles large volumes of data, South Africa’s higher education institutions have been left to languish in the connectivity dark ages due to a lack of telecommunications infrastructure.…

BY KEITH NUTHALL

THE EUROPEAN Investment Bank is considering lending Euro 30 million to help design, construct and operate two sugar refineries, and related processing and storage facilities, in Mauritius. The money would go to the Indian Ocean island’s Compagnie Sucrière du Sud Ltée and FUEL Refinery Ltd.…