Category: Africa
-
IMF endorses crpto currency
IMF head Christine Lagarde has dedicated a new blog post to the “potential benefits” of “crypto-assets such as Bitcoin.” The head of the International Monetary Fund (IMF) Christine Lagarde was buoyant about cryptocurrency in a blog post in support of the technology, published Monday, April 16. The post, which comes roughly one month after Lagarde…
-
Social media users in Uganda to pay tax soon
Uganda plans to slap a new tax on social media users from July to raise revenue, which human rights activists denounced as another attempt by President Yoweri Museveni to stifle freedom of expression and quash dissent to his 32-year-rule. The move is unlikely to go down well in a country where more than 40 percent…
-
Private sector operators welcome African Continental free Trade Area Agreement
Intra-African Connect, an organization committed to promoting and enabling Intra-African Trade and investment has lauded the signing of the African Continental Free Trade Agreement. The organization’s founder Mr. Nana Yao Lee was part of a group of private sector stakeholders that were taking part in the African Union Business Forum, held on the 20th of…
-
Nigeria Earned $476.3 Million From Crude Oil, Gas Exports in December 2017 – NNPC
The Nigerian National Petroleum Corporation says it earned about $476.25 million from crude oil and gas exports in December, 2017. The corporation said in its monthly Financial and Operations Report for December, 2017 released on Tuesday that the figure more than doubled the export receipts $201.11 million realised in November, 2017. The report said while…
-
Nigeria: Govt Identifies 130,000 Individuals, Firms Likely Culpable in Tax Underpayment – Adeosun
The data mining efforts of the federal government through the Federal Ministry of Finance has identified a new batch of over 130,000 high net worth individuals and companies that have potential tax underpayments. The Honourable Minister of Finance, Mrs. Kemi Adeosun, revealed this on Tuesday while appearing on the Good Morning Nigeria programme of the…
-
Nigeria: Senate Summons Aviation Minister Over Air Mishaps
Following the recent frequent air mishap in the country, the Nigerian Senate has, Tuesday, summoned the Minister of State Aviation, Hadi Sirika, to appear before it and explain why such mishaps have been occurring and measures taken to avoid subsequent occurrences. A motion filed by Senator Gbenga Ashafa brought to the notice of the senators…
-
Tunisia: Funds Worth 35 Billion Dinars Allocated to Road Network
The estimated funds allocated to the construction and development of roads throughout the territory have reached in the last three development plans about 35 billion dinars, Equipment, Housing and Spatial Planning Minister Mohamed Salah Arfawi. The latter pointed out in this regard, that the cost of the road network is estimated at 4.5 billion dinars…
-
Morocco: World Bank Launches U.S.$200M Program to Increase Investment Capacity in Morocco’s Casablanca
The World Bank launched on Monday a project worth 200 million U.S. dollars to improve the investment capacity of Morocco’s largest city of Casablanca. The launching ceremony of the program, known as “Casablanca Municipal Support Program,” was chaired by Marie Francoise Marie-Nelly, World Bank’s country director for the Maghreb and Malta, Middle East and North…
-
Tunisia: Young Entrepreneurs Will Be Able to Open Foreign Currency Bank Accounts – (Minister)
The startup bill will allow young entrepreneurs to open foreign currency bank accounts in order to facilitate equipment acquisition, creation of subsidiaries abroad and access to foreign markets as well as avoid administrative procedures, Minister of Communication Technologies and Digital Economy Anouar Maarouf said on Monday. Speaking at a study day on the startups promotion…
-
Tunisia: Export Revenues of Organic Dates Increase By 35.52%
Export revenues of organic dates for this season increased by 35.52%, compared with the previous season. This increase also comes from a 21.01% increase in the quantities exported, according to data from the Ministry of Agriculture, Water Resources and Fisheries. The quantities of organic dates exported, since the beginning of the season (October 10, 2017)…