Accra, Ghana
36°C

GSE Feed

Forex Rate

World

Nigeria slaps $2bn bill on phone giant MTN

naija

Nigeria has asked mobile phone operator MTN to pay a $2bn (£1.6bn) tax bill, the company says. MTN challenged the figure, saying it related to activities over the past decade. It said it had settled the bill with a $700m payment. The tax demand is the latest in a series of disputes between MTN and Nigeria, the company’s largest market. ...

Read More »

Africa needs $621bn to meet UN Sustainable Development Goals

SusDevGoals

The Global Infrastructure Hub, a G20 initiative, has today published two reports that reveal an urgent need for infrastructure investment in 10 Compact with Africa countries, and highlight the reforms required to encourage greater investment. The first of these reports, Global Infrastructure Outlook: Infrastructure Investment Need in the Compact with Africa Countries, reveals that, unless US$621 billion is invested in ...

Read More »

Low internet penetration in Africa due to lack of terrestrial fibre

ITW 2

Experts at the Africa Session of the International Telecoms Week conference in Chicago have described terrestrial fibre constraints as the mother of all bottlenecks hindering increased Internet penetration on the continent. During his presentation on the theme “Enabling Content on the African Continent”, Chief Executive Officer of research firm, Xalam Analytics, Guy Zibi analyzed the African digital journey, highlighting dramatic ...

Read More »

Mining Firm’s License Renewal Fuels Protests

Ammolite_mining

Demonstrators have taken to the streets in at least a dozen southern Ethiopian towns this week to protest the federal government’s renewal of a license for a mining company that they say jeopardizes local residents’ health and economic well-being. The protesters, in the restive Oromia region, criticize a 10-year license for Mohammed International Development Research and Organization Cos., or MIDROC, ...

Read More »

Nigeria: Reps Mull Buhari’s Impeachment Over $496m Tucano Aircraft Purchase

buhari

Miffed by his unilateral decision to expend the whopping $496,374,470.00 for the purchase of Super Tucano aircraft, members of the House of Representatives almost began moves to impeach President Muhammadu Buhari. The lawmakers queried the powers of President Muhammadu Buhari to appropriate and spend money without any recourse to the National Assembly, which statutory function it was to give approval ...

Read More »

IMF endorses crpto currency

IMF Managing Director - Christine Lagarde

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 cautioned against the “dark side” ...

Read More »

Social media users in Uganda to pay tax soon

uganda

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 of people use the internet. ...

Read More »

Private sector operators welcome African Continental free Trade Area Agreement

Intra-Africa Connect represented AfCTA Business Forum Kigali

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 March 2018, a day before ...

Read More »

Nigeria Earned $476.3 Million From Crude Oil, Gas Exports in December 2017 – NNPC

oil

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 receipts from crude oil amounted ...

Read More »

Nigeria: Govt Identifies 130,000 Individuals, Firms Likely Culpable in Tax Underpayment – Adeosun

tax

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 Nigerian Television Authority. The Minister ...

Read More »
Left Menu Icon
Citi Business News
Right Menu Icon