Search Results for: Nigeria

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is backing Indorama International Finance’s purchase of 75% control of Nigeria’s state-owned Elem Petrochemical Company by securing US$155 million in investment. The IFC will provide US$75 itself and is generating US$80 from commercial lenders.…

BY ALAN OSBORN
IT’S had a somewhat laborious beginning but at long last it seems that the West African regional body for fighting money laundering – formally known as the Groupe Inter-gouvernemental d’Action contre le Blanchiment en Afrique (GIABA) – is ready to begin operations in earnest.…

BY DEIRDRE MASON

IN an era when military intervention has been given a bad name through the Iraq morass, serving with the army, navy or air force might not be the immediate choice of many nurses as a career path which helps the needy.…

BY KEITH NUTHALL

THE EUROPEAN Commission has highlighted countries with particularly significant counterfeiting and piracy of medicinal products. Following 290 replies from businesses, trade associations and diplomatic missions, covering 63 countries, its survey report named Egypt as a real problem zone, criticising the December 2004 approval of 850 local copies of pharmaceuticals "without generic companies having to "prove the efficiency and safety of the copy".…

BY RAGHAVENDRA VERMA, in New Delhi

"REFINERY Process Outsourcing" or simply RPO is an exciting buzzword in the otherwise hard-pressed Indian petroleum industry, as the term represents newly found and highly profitable venture of operating refineries to fulfil surging international demand.…

BY KEITH NUTHALL

EUROPEAN Union (EU) environment Commissioner Stavros Dimas has unveiled European Commission plans to next year launch comprehensive legislation boosting effective carbon capture and storage.

The laws would remove legal barriers impeding research and development into this environmental technology and would also lay down rules on liability, for instance, if stored CO2 leached into the environment.…

BY KEITH NUTHALL

NIGERIA has launched its first project generating carbon credits under the Kyoto Protocol’s Clean Development Mechanism: the construction of an efficient 120MW gas-fired power plant. This will boost unreliable power supplies in Aba, southern Nigeria, so that dirty on-site diesel generators are abandoned.…

BY KEITH NUTHALL

THE NIGERIAN government has been removed from a Financial Action Task Force (FATF) black-list of countries deemed not cooperating with the international community’s crackdown on money laundering. FATF’s ruling plenary was persuaded by Nigeria setting up a financial intelligence unit to detect money laundering and movements of terrorist finance, while securing prosecutions and convictions from criminal investigations into these offences, leading to.…

BY STEVEN SWINDELLS, in Johannesburg

SECURITY specialists and risk assessors will be increasingly in demand within oil majors seeking to tap sub-Saharan Africa’s oil and gas riches in the next few years, experts say, with available resources and political uncertainty growing in an uneasy parallel.…

BY STEVEN SWINDELLS, in Johannesburg

SUB-SAHARAN Africa’s biggest cotton producer Mali is mulling GM cotton trials, a development which could open up cheap cotton supplies for the textile and clothing trade.

But resistance from local farmers to high seed costs and tough times for existing GM cotton growers in South Africa – the only African country where GM is commercially grown – may mean that Africa’s potential as a key supplier is still some way off.…