Search Results for: Tanzania

Tanzania is now Africa’s second-largest raw tobacco producer after Zimbabwe, according to the country’s agriculture minister Hussein Bashe and plans are underway to increase production and leaf processing capacity by encouraging more small-scale farmers to engage in contractual tobacco commercial farming.…

Uganda may have been removed from the FATF grey list this past February (2024), but its FIU has told MLB it knows more AML, CFT and CFP work is ahead. The east African country had been grey listed since 2020. After de-listing, FATF said in a communiqué it “welcomes Uganda’s significant progress in improving its AML/CFT regime”.…

The Democratic Republic of Congo’s (DRC) ambitious plans to reform its universities and higher education system are progressing steadily, although faced with challenges. HE administrators and government officials are now working through the requirements of the new system having received a December 2022 decree establishing the grade designations of graduates for the new License-Master-Doctorate (LMD) system.…

The CEO of an expanding Ethiopian sportswear company has told WTiN how it has combined tech investments with a creative commercial strategy to become a pan-African company that provides quality and affordable sportswear to African consumers.

Samuel Mekonnen, also the co-founder of Gofere, which was launched in 2016, has succeeded in tapping a growing regional market that used to be dominated by cheap, sub-standard products bought mainly from China.…

The Great Lakes region in cenztral and eastern Africa is exceedingly resource rich, and being beset by instability and conflict, it is highly attractive for illicit trade and financial crime fuelling money laundering. A new European Union (EU) Great Lakes Strategy is trying to promote the rule of law in the region – notably Rwanda, Burundi, Uganda and the eastern provinces of the Democratic Republic of Congo (DRC) – but faces major challenges.…

Kenya remains east Africa’s economic powerhouse and its ability to supply and encourage the region’s paint and coatings sector remains strong. Sales in paints, varnishes, pigments and other related coatings are expected to grow by 2.86% annually until 2028, according to insights from Statista (1), a Germany-based provider of market intelligence and business solutions.…

The European Commission has added the British overseas territory (BOT) of Gibraltar to European Union (EU) list of high-risk countries with strategic deficiencies in their anti-money laundering and countering the financing of terrorism (AML/CFT) regimes. This latest update to the EU AML blacklist (1) means that banks and other AML obliged entities will have to apply enhanced due diligence when dealing with transactions with Gibraltar, which was ceded to the UK in 1713, having been seized during the War of the Spanish Succession.…

International solar energy providers are finding business opportunities in Africa as national governments and their development agency partners try to foster growth while targeting the United Nations’ Sustainable Development Goal 7 (SDG), which encourages access to affordable, reliable, sustainable, and modern energy for all by 2030 (1).…

FATF has acted against Russia, further squeezing it from the international AML/CFT system over its invasion of Ukraine, that as of October 17 had killed 6,306 civilians (UN figures). The global AML body’s latest plenary meeting highlighted the “needless loss of life, suffering and destruction” caused by the invasion, with Russia violating “FATF’s core principles [on] the security, safety and the integrity of the financial system”.…

A lack of reliable data across Africa has weakened policies to improve higher education across the continent, development experts argue. They claim the problem is compromising the achievement of the UN’s Sustainable Development Goal (SDG 4) (1) to leave no one behind in tertiary education by 2030, even though several local data development initiatives are trying to improve the flow of useful statistics.…