Search Results for: Mozambique

A PUSH by the G8 group of the world’s seven most industrialised nations plus Russia to improve extractive industry transparency and openness can help industrial minerals companies manage the payments they make in developing counties, as they will only have to follow one set of rules, according to Rio Tinto chief executive Sam Walsh.…

THE WORLD’S 49 least developed countries have been given another eight years to implement the intellectual property protection rules demanded by the World Trade Organisation (WTO). This means that their governments have the freedom to choose whether to protect trademarks, patents, copyright, industrial designs, geographical indications and other rights, potentially harming pharma companies.…

THE EUROPEAN Food Safety Authority (EFSA) has advised the European Union (EU) to launch a series of studies to help assess the risk of Rift Valley Fever being introduced to livestock and humans in north Africa and the Middle East, potentially threatening Europe.…

SOUTH Africa’s paint and coatings industry is expected to increase in value from 560.0 million in 2009 to USD712.47 million in 2016, according to market analysts Frost & Sullivan. But the sector has faced tough times since the global financial crisis hit in 2008, and is only now recovering from the recession that hit South Africa as a result, and that recovery has been slow.…

BY KEITH NUTHALL

THE WORLD Customs Organisation (WCO) has launched a crack-down on illicit medicines in 16 African countries, which sparked the seizure of more than 82 million doses of illegal pharmaceuticals. The haul included antimalarial and anti-parasitic drugs, antibiotics, cough syrups, contraceptive pills and infertility treatments, worth more than USD40 million.…

BY KEITH NUTHALL

THE WORLD Customs Organisation (WCO) has launched a crack-down on fraudulent medicines in 16 African countries, seizing more than 82 million doses of illegal pharmaceuticals worth more than USD40 million. A WCO note said: "These results are alarming…" Its officers worked with the Institute of Research against Counterfeit Medicines (IRACM) and 16 national customs administrations in raids called VICE GRIPS 2, targeting seaport containers in Angola, Benin, Cameroon, the Democratic Republic of the Congo (DRC), Congo (Brazzaville), Gabon, Ghana, Guinea, Ivory Coast, Kenya, Liberia, Mozambique, Nigeria, Senegal, Tanzania and Togo.…

BY BILL CORCORAN, IN CAPE TOWN

SOUTH Africa has deposits of rare earth elements (REEs) to rival that of Australia, and the country is poised to take advantage of this increasingly strategic resource, according to Mintek, the government’s mineral technology organisation.…

BY VILLEN ANGANAN, IN BEAU-BASSIN, MAURITIUS

ACCA fellows can be found in many influential positions worldwide and in Africa, they are often the backbone of financial and management best practice, in many jurisdictions. That is certainly the case on the Indian Ocean state of Mauritius, where environment and sustainable development minister and ACCA member Devanand Virahsawmy belongs to the inner circle of prime minister Navin Ramgoolam who secured a second mandate in May 2010 elections.…

BY RAGHAVENDRA VERMA, IN NEW DELHI

INDIA is planning to create a special fund to enable its dominant state-owned miner to acquire overseas coal mines to compensate for severe domestic coal shortages that are hurting the country’s power, steel and other industrial sectors.…

BY VILLEN ANGANAN, IN BEAU-BASSIN, MAURITIUS

INTERNATIONAL accounting firms are exploring opportunities within Africa, and are using the Indian Ocean island of Mauritius – a regional financial centre – as a stepping stone. All the Big Four: Ernst &Young, PricewaterhouseCoopers (PwC), KPMG and Deloitte are already successfully offering their services to African clients.…