Search Results for: Mozambique

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
FOUR consortia have pre-qualified onto a short-list in a bid to modernise the main airport of Mozambique, namely Maputo International Airport. The project is estimated to be valued at US$13.6 million and will include an upgrade of passenger check in, cargo handling and the ground assistance to the aircraft.…

BY KEITH NUTHALL
EXPORT assistance will be given to Lusophone countries by the World Intellectual Property Organisation to help them establish collective copyright management societies. It is part of cooperation deal signed between WIPO and Community of Portuguese-Speaking Countries, whose members are Angola, Brazil, Cape Verde, East Timor, Guinea Bissau, Mozambique, Portugal, and Sao Tome and Principe.…

BY RICHARD HURST
THE SOUTH African construction company Grinaker LTA has announced that it has won a SA Rand 1.7 billion contract to design, engineer, build and mange the 865 km natural gas pipeline running from Mozambique to South Africa.

It has been commissioned by SA chemicals giant Sasol and Empresa Nacional de Hidrocarbonetos de Mocambique to have the pipeline operational by 2004.…

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.…

BY RICHARD HURST
SOUTH African synthetic fuels company SASOL has reported that it will use natural gas from Mozambique to supply small power stations. The Rand 12 billion pipeline project will bring gas from the Temane and Pende fields to Secunda as early as 2004.…

BY RICHARD HURST, in Johannesburg
THE UNITED States’ House of Representatives has voted overwhelmingly to double the quota of clothing and textile products that a group of African countries can export to the US duty free, increasing them from 1.5 per cent of overall US imports to three per cent.…

BY KEITH NUTHALL
FINLAND is the world’s most technologically advanced country, according to a United Nations Development Programme, (UNDP), report, which puts the UK at number seven in its league table, also behind the USA, Sweden, Japan, South Korea and the Netherlands.…

BY KEITH NUTHALL
FINLAND is the world’s most technologically advanced country, according to a United Nations Development Programme, (UNDP), report, which puts the UK at number seven in its league table, also behind the USA, Sweden, Japan, South Korea and the Netherlands.…