International news agency
International News Services archives articles supplied to clients one year or more after initial publication. These articles are protected by a password and not made available to readers without permission from clients. They are used as a background resource by agency journalists. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.

Search Results for: Mozambique

10 results out of 132 results found for 'Mozambique'.

THE GREAT LAKES REGION IS SEIVE OF DIRTY MONEY GENERATED BY CRIMNAL GROUPS



The Great Lakes region in cenztral and eastern Africa is exceedingly resource rich, and being beset by instability and conflict, it is highly attractive for illicit trade and financial crime fuelling money laundering. A new European Union (EU) Great Lakes Strategy is trying to promote the rule of law in the region – notably Rwanda, Burundi, Uganda and the eastern provinces of the Democratic Republic of Congo (DRC) – but faces major challenges.…

Read more

SOUTH AFRICA PAINT AND COATING SECTOR FACES TOUGH ENERGY SUPPLY PROBLEMS – BUT LONG-TERM OUTLOOK IS POSITIVE



South Africa’s paints and coatings market is expected to generate USD2.1 billion by 2026 after growing at an estimated 5.6% compound annual growth rate (CAGR) between 2021 and 2026. This is according to India-based market research and data analytics provider IndustryARC (1).…

Read more

MOZAMBIQUE HIGHER EDUCATION INSTITUTIONS HESITANT TO RESUME ACTIVITIES IN TERRORISM AFFECTED AREAS



 

Higher education institutions harmed by a five-years-old Islamist insurgency in Mozambique’s northern Muslim-majority province Cabo Delgado province, are reluctant to restart operations, despite security guarantees from the Mozambican military, and their allied forces from Rwanda and the Southern African Development Community (SADC).…

Read more

KENYA PUSHES AHEAD AS EAST AFRICA’S PAINT SECTOR POWERHOUSE



Kenya remains east Africa’s economic powerhouse and its ability to supply and encourage the region’s paint and coatings sector remains strong. Sales in paints, varnishes, pigments and other related coatings are expected to grow by 2.86% annually until 2028, according to insights from Statista (1), a Germany-based provider of market intelligence and business solutions.…

Read more

ANGOLA GOVERNMENT SEEKS TO SEIZE USD 1 BILLION FROM FORMER PRESIDENT’S DAUGHTER



Isabel dos Santos, once known as the richest women in Africa, and daughter of Angola’s former President. is facing a tightening noose of legal action alleging corruption and embezzlement. Keith Nuthall and Andreia Nogueira report.

The Angola government has ramped up its efforts to arrest Isabel dos Santos, and confiscate many of her assets, following the death of her father, the former President of Angola, José Eduardo dos Santos, last July (2022).…

Read more

NEW HIGHER EDUCATION LAW ADOPTS ONLINE TEACHING AND BODY FOR ACCREDITATION OF COURSES



A new higher education law recently approved in December (2022) in Mozambique establishes and extends the power of the National Council for the Assessment of Higher Education Quality (CNAQ – Conselho Nacional de Avaliação da Qualidade) to undertake quality assurance in the country’s higher education.…

Read more

EU ADDS GIBRALTAR TO HIGH-RISK LIST FOR MONEY LAUNDERING



 

The European Commission has added the British overseas territory (BOT) of Gibraltar to European Union (EU) list of high-risk countries with strategic deficiencies in their anti-money laundering and countering the financing of terrorism (AML/CFT) regimes. This latest update to the EU AML blacklist (1) means that banks and other AML obliged entities will have to apply enhanced due diligence when dealing with transactions with Gibraltar, which was ceded to the UK in 1713, having been seized during the War of the Spanish Succession.…

Read more

PRIVATE AND PUBLIC COMPANIES FORCED TO BOOST VOCATIONAL EDUCATION IN MOZAMBIQUE



 

The Mozambique government has proposed that companies, in the public and private sector, should be obliged to contribute 1% of their payroll to finance vocational education institutions in its country. The reason is that Mozambique companies and public bodies are struggling to recruit quality Mozambican graduates, forcing managers in ongoing major projects on gas and mining to hire ex-pats from the foreign labour market.…

Read more

FATF KICKS RUSSIA OUT OF ALL ONGOING AND FUTURE PROJECTS



FATF has acted against Russia, further squeezing it from the international AML/CFT system over its invasion of Ukraine, that as of October 17 had killed 6,306 civilians (UN figures). The global AML body’s latest plenary meeting highlighted the “needless loss of life, suffering and destruction” caused by the invasion, with Russia violating “FATF’s core principles [on] the security, safety and the integrity of the financial system”.…

Read more

ZIMBABWE OFF FATF’S GREY LIST – BUT SCEPTICS SAY ITS AML RECORD IS WOEFUL



Zimbabwe was taken off FATF’s grey list in March, but serious issues still abound claim critics of the move – from corruption to large scale gold smuggling, while a controversial law on NGOs may be misused to go after political opponents, they argue.…

Read more