Search Results for: Nigeria

Enhancing the quality of passenger experience while maintaining maximum security was a recurring theme during the Dubai Airport Show 2018. The annual airport industry event, held from May 7 to 9, drew more than 7,500 visitors.

Covering 15,000 square metres of space across three halls of the iconic Dubai International Convention and Exhibition Centre, its 18^th edition hosted more than 350 exhibitors from 60 countries.…

THE NIGERIAN drinks industry and trade unions have expressed opposition to planned increases in excise duty on alcohol, which will rise on June 4, with two additional planned increases in 2019 and 2020. Duties are currently low – while they are at a flat rate of 20%, this can be (and is) reduced by manufacturers claiming input costs against what they charge on their products.…

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 newly approved European Union (EU) directive on transparency requirements for tax intermediaries will insist that accountants designing or promoting aggressive tax planning schemes report them to national tax authorities. The requirements, approved by the EU Council of Ministers, apply from July 1, 2020, and member states will have to fine intermediaries, including lawyers and bankers, that fail to report.…

THE NONWOVENS market in the Middle East and Africa (MEA) is increasingly important to the global nonwovens industry, with rising consumer demand being generated by middle classes that are growing in size. Countries in the region are also comparatively young, with high birth rates, boosting demand for diapers and wipes.…

DEFERRED Prosecution Agreements (DPAs), that allow companies and individuals that admit to wrongdoing and cooperate with investigators to pay a fine and avoid prosecution, are becoming increasingly common worldwide. Enabling wrongdoers to avoid being debarred from bidding for many contracts and providing law enforcers with a commitment that companies and individual fraudsters will avoid fraud in future, DPAs offer benefits for police and suspects.…

*The European Union (EU) Council of Ministers has published a blacklist of jurisdictions it thinks do not cooperate sufficiently with international efforts to reduce tax evasion. They are American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, the Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad & Tobago, Tunisia and the United Arab Emirates (UAE).…

EUROPEAN Union (EU) ministers finally committed, on December 18, (2017), to a target of reaching at least 27% renewable energy out of overall energy consumption by 2030. While lower than the 45% or 30% demanded by green groups and the European Commission respectively, the biofuels industry has declared that its output should be instrumental in meeting this goal.…

SUB-SAHARAN Africa continues to grow as a key market for personal care product brands, with enlarging middle classes providing more spending power – however, the region’s most mature market – South Africa – has been experiencing some stagnation.

The rest of the region still is performing as emerging markets should – with growing sales, even when uneven across categories, giving brands much hope for the future.…

African clothing exporting countries are banking on rising costs in China and changing consumption patterns worldwide to attract buyers to the continent to take advantage of lower production costs.

Major hurdles abound, but manufacturers are hopeful that clothing facilities built from scratch that abide by international best practices will help the continent’s apparel sector develop.…