Category: INTERNATIONAL
-
Kenya:State officials knew about Anglo Leasing deal, says ex-envoy
The embattled former Swiss ambassador to Kenya, Jacques Pitteloud, has claimed that top State officials knew about an alleged Sh5 billion settlement with one of the chief suspects of the Anglo Leasing scandal, businessman Deepak Kamani. Mr Pitteloud is facing a police investigation in Switzerland over accusations that he solicited a Sh5 billion bribe from…
-
Nigeria: Canada Ready to Aid Nigeria Repatriate Stolen Funds – Calderwood
The outgoing Canadian High Commissioner to Nigeria, Perry John Calderwood, has assured the Nigerian government that Canada is ready to support the country’s quest to repatriate any stolen fund that may be traced to any bank in Canada. Calderwood gave the assurance in an interview he granted in Lagos, saying the government of Canada had…
-
South Africa: Former Durban Attorney Convicted of Stealing R575 000 Trust Funds
Former Durban attorney, Ian Stokes, who fled South Africa in 2000, was convicted of stealing more than R575 000 trust funds in the Pietermaritzburg High Court on Thursday. His marathon trial took place in the Durban High Court and was moved to Pietermaritzburg for judgment and sentencing. Stokes abandoned his Umhlanga practice in September 2000…
-
Tanzania: Exim Bank Sued Over Illegal Account Freeze
International Tribunal for Rwanda’s (ICTR) former in Charge of Defence and Detention Centre Alessandro Caldarone has sued Exim Bank Tanzania, demanding over 1bn/- compensation for alleged unlawful operation, freezing and blocking of his accounts. S.K. Law Chambers lawyers filed the suit at Dar es Salaam based High Court and was set for hearing before Lady…
-
Tanzania: Why Banking Charges Were Targeted for Value Added Tax
The government found the hundreds of billions of shillings earned by banks annually in charges and fees too good to resist, prompting it to impose 18 per cent value added tax (VAT) on the levies, The Citizen has learnt. An analysis conducted by The Citizen earlier this week established that the ten largest corporate and…
-
Nigeria: Buhari’s Ministers Battle Over Control of Ecological Fund
The Attorney General of the Federation and Minister of Justice, Abubakar Malami, and the Minister of Environment, Amina Mohammed, are currently engaged in battle over the control of the Ecological Fund. A bill proposed by Mr. Malami putting the management of the Fund under the Office of the Secretary to the Government of the Federation…
-
Zimbabwe: ZSE Revenue Down 23 Percent Over Six Months
Zimbabwe Stock Exchange revenue for the six months to July 2016 fell 23 percent to $14 million on the back of a significant fall in volumes traded. Statistics from ZSE also show that the volume of shares that were traded retreaded by 36 percent to 56,52 million shares during the period in review.Trade was concentrated…
-
Rwanda to Increase Exports to the U.S
The US ambassador to Rwanda and Minicom officials yesterday held a press conference to address travel goods and luggage products that will receive duty-free treatment under generalized system of preferences (GSP). Reacting to the review, Gilbert Kubwimana, the country director of Songa designers – a company which deals in handicrafts – said they will improve…
-
Nigeria:Flour Mills plans 40 bln naira share sale
Flour Mills of Nigeria has registered plans with regulators to raise up to 40 billion naira ($128 million) in equity over the next three years, its chief financial officer said on Tuesday. Jacque Vauthier said the company’s directors had decided that the most appropriate way to raise the funds was via a shelf programme, enabling…
-
Botswana: Legonnyana Impoverishes Farmers in Kweneng
A poisonous plant identified as Pavetta, Legonnyana in Setswana, has been reported as the root course for deaths of cattle in some areas of Kweneng. Speaking during the ongoing Kweneng District full council meeting, principal veterinary officer Dr Elisha Nyakarombo explained that reports from recordings conducted by end of May reveal that some farmers have…