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Angola

In Focus
Southern Africa's other green revolution

The slow legalisation of the use of cannabis for medicinal purposes, which got under way in Canada and the United States in 2016, has started a veritable agricultural revolution in Africa. From the mountains of Lesotho to the South African coast, taking in Malawi and Zimbabwe, the sector's major operators have set up partnerships with local entrepreneurs able to oversee plantations and talk to governments about the liberalisation of a form of cultivation which is still largely forbidden on the continent.

LogoSubscribers only Business 19.10.2020
Legal exploitation of cannabis for medical use.

Mauritius ambiguous over sanctions against Swiss-Angolan financier Jean-Claude Bastos

Five years after he was accused of defrauding the Angolan sovereign fund he was managing, Swiss-Angolan financier Jean-Claude Bastos de Morais has finally been banned from managing companies in Mauritius. The sanction was slow in coming and has fallen at a bad time for Mauritius as it faces criticism from the European Union for having failed to take more drastic action against money laundering.

LogoSubscribers only Finance, Business 16.09.2020
Jean-Claude Bastos de Morais.

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