Search Results for: South Africa

South Africa’s paints and coatings market is expected to generate USD2.1 billion by 2026 after growing at an estimated 5.6% compound annual growth rate (CAGR) between 2021 and 2026. This is according to India-based market research and data analytics provider IndustryARC (1).…

Governments and major auto companies worldwide are vying to be sustainable transport champions, declaring ambitious goals for a switch to electric and zero-emission vehicles as well as other measures to green up their fleets. But environmentalists say that ‘green-botching’ where environmental measures are being implemented by governments and companies so badly that they undermine their green goals is becoming a real problem.…

The Canadian automotive import market is becoming an increasingly important to USA-based assemblers, with USD17.2 billion’s worth of American-made cars, SUVs and light trucks sold in Canada in 2022, according to federal government figures issued from Ottawa. That is up from USD14.2 billion in 2021 and higher than pre-Covid-19 sales – USD14.6 billion in 2018 and USD13.8 billion in 2019.…

Students in Burkina Faso and Niger blocked from attending courses in France through that country’s withdrawal of visa facilities are being urged to consider alternative higher education options for the upcoming academic year.

With the French government standing firm over its closure of consular services in these countries, and neighbouring Mali, all run by military governments having poor relations with Paris, their students are running out of time to take-up places in France universities.…

Risk specialists predict that the current instability in China’s trust sector and China’s slowing economic growth will lead to a massive outflow of capital from China, breaching Chinese money laundering laws. That will include both the export of legally earned money in excess of Chinese capital export caps of USD50,000 per year and illicit movements of criminal proceeds.…

Chinese textile and clothing manufacturers are increasingly relying on Egyptian cotton, over the past two seasons becoming Egypt’s second largest buyer of cotton, driven by the US ban on Xinjiang cotton, competitive pricing, and strong demand for luxury fibres.

“China has always been a player in Egyptian cotton, but they were never on top of the list.…

Humanitarians have claimed that sub-Saharan university students were part of mass border expulsions by Tunisian security forces in July as universities within the north African country note reduced registrations by black African students.

Tunisian humanitarian association Enfants de la Lune’s https://www.facebook.com/XPtunisie…

South Africa, added to FATF’s grey list this February (2023) (1), is overhauling its AML regime to escape this listing and better address financial crime and terrorist financing in Africa’s largest economy. The country’s FIU, the Financial Intelligence Centre (FIC), is confident about progress and “optimistic” it will be removed from the Financial Action Task Force (FATF) grey-list before its next mutual evaluation review, maybe beginning next year (2024).…

Kenya’s government has proposed imposing a 25% tariff increase on imported clothing and textiles, a move designed to wean Kenyans off luxury imported clothes, supporting a domestic clothing and textile industry that has been harmed deeply by foreign-made garment sales.

Confirming the intention to introduce the new tax measures, investments, trade and industry cabinet secretary (minister) Moses Kuria said the new taxes would help Kenya’s textile and clothing industry: “The country has a rich textile sector that should be expanded,” said Kuria on August 14, while addressing Kenyan textile investors.…

In the wake of the European Union’s (EU) impending sustainability-focused textile regulations and guidelines (1), Peru stands uniquely poised to amplify its exports of alpaca, camelid fibers, and cotton. This South American nation’s key to unlocking European markets lies in aligning its sustainability initiatives with the EU’s visions.…