Search Results for: Mozambique

BY KEITH NUTHALL

THE WORLD Bank’s Multilateral Investment Guarantee Agency (MIGA) has guaranteed US$22.8 million’s investment from Mauritius Commercial Bank Ltd to rehabilitate Mozambique’s largest sugar estate, run by the Companhia de Sena, in Marromeu district.

ENDS…

BY KEITH NUTHALL

THERE is a large and growing list of regional money laundering organisations, with formal or informal links with the Financial Action Task Force (FATF), so a question mark could hang over why the Commonwealth is getting involved in fighting dirty money.…

BY STEVEN SWINDELLS, in Johannesburg

THE FORTEEN countries of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) have their AML/CFT work cut out. Under-funded, lacking resources, short of political will and working in a region that leaks money like a sieve…it is a demanding context for the group’s daunting tasks.…

BY KEITH NUTHALL

THE MULTILATERAL Investment Guarantee Agency, or MIGA, is the international organisation companies turn to when they want to invest in a jurisdiction where their assets might not be that safe. Non-ferrous metal miners and processors use MIGA to cover risks that are too tough for the private insurance industry.…

BY STEVEN SWINDELLS, in Johannesburg

AFRICA’S tobacco leaf producers are facing troubled times.

Instead of capitalising on crop and currency woes in rival Brazil, too many producers across the world’s poorest continent are battling drought and low selling prices.

Brazil’s problems should have opened a door of opportunity for leading African producers to claim back at least part of the world leaf market lost to south American and other producers when Zimbabwe’s crop collapsed amid the violent seizure of white-owned farm land.…

BY KEITH NUTHALL

THE MULTILATERAL Investment Guarantee Agency, or MIGA, is the international organisation companies turn to when they want to invest in a jurisdiction where their assets might not be that safe. Oil and gas companies have long used MIGA to cover risks that are too tasty for the private insurance industry, and at December 2005, MIGA had supported 13 oil and gas projects, with guarantees totalling US$707 million, with a standard leverage of five-to-one, so investments covered are actually five times larger.…

BY KEITH NUTHALL

ECONOMIC growth, especially in emerging markets, is forcing international food businesses to take a closer look at opportunities in potentially unstable countries, and the global aid community is keen to help. One international institution is well positioned, especially given the increasing demand for development projects to be largely private financed: the Multilateral Investment Guarantee Agency, or MIGA, of the World Bank.…

BY RICHARD HURST, in Johannesburg

THE PAINT and coatings industries in the Southern African states of Botswana, Namibia, Zimbabwe, Swaziland, Lesotho and Zambia are closely linked to that of the regional economic giant South Africa in the that the major manufacturing plants are located in the industrialised area of South Africa’s Gauteng province with branch offices in the neighbouring states acting as agents for the parent companies in South Africa.…

BY KEITH NUTHALL

THE MULTILATERAL Investment Guarantee Agency, or MIGA, is the international organisation companies turn to when they want to invest in a jurisdiction where their assets might not be that safe. Mining companies have long used MIGA to cover risks that are too tasty for the private insurance industry, and the agency has issued 58 guarantees for the sector since it was formed in 1988.…

BY KEITH NUTHALL
THE WORLD Health Organisation (WHO) has welcomed the spread of programmes tackling violence as a public health priority instead of just a crime problem, with the WHO saying such an approach fosters effective holistic policies. A recent conference, the 2nd Milestones of a Global Campaign for Violence Prevention, in San Francisco, co-hosted by the WHO and the California Wellness Foundation, heard of many new national models.…