Search Results for: Nigeria

EUROPEAN Union (EU) confectionery manufacturers and their suppliers stand to boost their export sales and reduce import costs with the launch of talks to forge the two largest bilateral trade deals ever sought by the EU – with the USA and Japan.…

ETHIOPIA’S potential as a source of industrial minerals is beginning to be realised, with a growing number of exploration and mining projects underway, and rapidly increasing foreign investment.
To date, its Ministry of Mines has granted 72 industrial minerals exploration licenses – 61 to foreign companies, eight to Ethiopian/foreign joint ventures, and three to local companies; and 52 mining licenses – 28 to foreign companies, 17 to Ethiopian/foreign joint ventures, and seven to local companies.…

BY KEITH NUTHALL

Counterfeit, mislabelled and substandard meat products have been seized in an international police operation spanning 29 countries, coordinated by Interpol and European police agency Europol. Sausages, ham, lamb, chicken and beef were seized, a Europol spokesman told globalmeatnews.com.…

BY ANDREW GREEN, IN KAMPALA; AND BILLCORCORAN, IN CAPE TOWN

THE TRIPLING in the size of Africa’s middle class over the last 30 years to what the African Development Bank estimates is now 313 million people coupled with increased urbanisation, are driving the growth of the continent’s cosmetics industry and markets.…

BY MJ DESCHAMPS

FOR multinational businesses, comprehensive and precise financial reporting is critical for a company’s success, and such good practice is also essential for companies striving for profits within emerging markets.

Earlier this year, the World Bank’s International Finance Corporation (IFC) released a report ‘Being the Change: Inspiring the Next Generation of Inclusive Business Entrepreneurs Impacting the Base of the Pyramid’, which highlights the IFC’s ‘inclusive business models’ strategy.…

BY WACHIRA KIGOTHI, IN NAIROBI, AND WANG FANGQING, IN SHANGHAI

China’s powerful clothing and textile industry is looking for continued growth in sub-Saharan Africa, whose local manufacturers and brands are worrying about how to deal with the competition.

According to William Gumede, a senior research fellow at the University of Witwatersrand’s school of public and development management in South Africa, Chinese domination of Africa’s textile markets and its industry has promoted significant job losses.…

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 DAVID HAYHURST, IN PARIS

THREE years ago, the Group of Twenty (G20) finance ministers and central bank governors stated the organisation’s intention was to "rationalise and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption".…

IT is a curious irony that for an industry as technical as cogeneration that maybe the biggest handicap to its sustained growth in Europe is actually emotional. Both commercial markets and governments are swayed by sentiment as well as hard cash – and currently both influences are failing to pull in co-gen’s favour.…