There are palpable fears of job loss in the financial sector as banks move to contain rising high operating costs.In the first quarter of the year, the cost of diesel …
Business Policies
- Banking, Finance & InvestmentBusiness PoliciesWestern Africa
- Business PoliciesWestern Africa
FIRS seeks collaboration within African countries to effectively tax digital businesses
The Federal Inland Revenue Service (FIRS) has called for improved collaboration among countries with the aim of exploring alternative rules that will enable market jurisdictions, particularly African countries to effectively tax …
This comes after several criticisms from a large portion of the Ghanaian population since its announcement in November 2021 by the country’s finance minister. Some industry stakeholders have supported the …
Nigeria’s Senate passed a bill that will amend money laundering regulations, including making it mandatory for lenders to report suspicious transactions. The Money Laundering Prevention and Prohibition Act 2022 requires …
After a difficult 2020 during which global investment plummeted due to the pandemic, 2021 emerged as a very successful year for both public and private markets, with various sectors recording …
South African business confidence climbed in the first quarter as the negative impact of the coronavirus pandemic, power cuts and a three-week strike in the steel and engineering industry began …
Central Egypt(CBE) will begin a project tagged ‘Know Your Customer,’ which will enable citizens to open bank accounts online without having to visit the banking halls With this project, citizens …
- AgricultureBusiness PoliciesCentral Africa
Rwanda in talks with private firms to set up $6m phytomedicines plant
Rwanda is in talks with an Indian company to locally produce phytomedicines—drugs produced from parts of plants such as roots, stems, leaves, flowers, and seeds among others. Between $4 million …
- AfricaBusiness Policies
Investors, Industry Leaders Gather Today for EFG Hermes’ 5th Virtual Investor Conference
The largest investor gathering in Frontier Emerging Markets (FEM), the Firm’s 5th Virtual Investor Conference is taking place at the start of what many anticipate will be a bumper year …
Uganda has commissioned a $200 million iron ore smelting plant, which will help the region reduce its reliance on scrap metal, billets, and coils for raw materials. Tembo Steels Uganda …