Search Results for: Nigeria

EUROPEAN Union (EU) heads of states and governments have urged their ministers to agree important pieces of draft EU legislation that could potentially curb tax evasion in the bloc.

Meeting during a European Council meeting in Brussels last week (May 22), leaders were under pressure to act from media reports revealing how much untaxed incomes politicians, companies and rich business owners have stashed in tax havens.…

EXPERTS representing accounting bodies from around the world urged accountants in Africa to help reduce corruption and mismanagement in their governments through effective bookkeeping and auditing, as the continent moves towards sustainable growth. The 2^nd Africa Congress of Accountants (ACOA) gathered in Accra, the capital of Ghana, from May 14-16.…

AFTER years of promises, the Ghanaian government, with some help from Brazil, is ready to make good on its pledge to equip Ghana with a second international airport. Construction under the government’s USD174 million plan to upgrade Tamale Airport, in northern Ghana, to enable it to better handle the international traffic for which it was designated in 2008, should begin this summer, according to Bernard Nyavor, the passengers director of Ghana’s Kotoka International Airport (KIA), in the capital Accra.…

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 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 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.…