“Commercial Awareness Is Global.”
By Charles Wanguhu Kenya currently risks being black listed by the OECD Financial Action Task Force (FATF) as a jurisdiction with key deficiencies in the control against money laundering. The other two countries on the list: the People’s Republic of North Korea and Iran. The Financial Action Task Force (FATF) is an inter-governmental body tasked with the development and promotion
By Charles Wanguhu A lot of column inches have been taken up trying to dissect the emerging Sino-African relations. In Africa more and more Chinese goods as well as people are visible. The Africa -West relationship has been largely characterized as an aid relationship or “carrot stick diplomacy”. Experimental policies such as the structural adjustment programmes have been imposed
By Charles Wanguhu The above move by the Kenyan freedom fighters to sue the British government has elicited some very interesting responses from some readers of the times online paper: This is all about money and bashing the UK. Africa does not want to take responsibility for its current problems Also if this happened in the 50’s so why have
By: Ainsley Brown Switzerland´s second largest bank, Credit Suisse, in a sign of generosity – oh sorry, let me re-phrase that – in a sign of commercial awareness and good customer relations, has decided to compensate clients who suffered losses as a result of the collapse of Lehman Brothers. It is the first investment bank to put forward such a
By: Ainsley Brown It is an understatement to say that the English take their tea very seriously. And it is little wonder why a small teashop in Surrey, England, even when faced with potential financial ruin, would not back down from a much larger German multinational. This is a tale about tea better yet teapots; a David and a Goliath;
By: Ainsley Brown The Suncor Energy Inc. attempted take over of Petro-Canada is going to prove to be the first test of the amended and some would say controversial Competition Act. According to the new rules the Competition Bureau has a 30 day tome frame in which to either approve the C$19.2 billion deal or issue a second request from
By: Ainsley Brown The Jamaican Coffee Industry Board (CIB) launched its new website last week. The site, according to The Gleaner, promises to be the main source of comprehensive information on Jamaican coffee for buyers and stakeholders. The CIB, a quasi-independent statutory body, is charged with the responsibility of having oversight over the various players in the Jamaican coffee industry.
By: Ainsley Brown The troubled – nationalized – UK mortgage lender is back in the news yet again. I guess the headline should have been: Northern Rock, The Never Ending Story. However, the good news this time is that it’s not about shareholders trying to use the Human Rights Act to bring a case against the government for compensation. No,
By: Ainsley Brown I must say that I consider myself a relatively intelligent person – though admittedly not an economic guy – I believe myself able to grasp practically any concept once explained. And the Obama toxic asset plan, I just don’t get it. Please do not read this as either a general criticism of the President or the specific