The Economic Development Board of Mauritius has moved to assure South Africans with Mauritian trusts, in response to confusion and concern among its members and clients around the taxation of …
Business Policies
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Business PoliciesSouthern Africa
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Political economist and management expert, Prof. Pat Utomi, has called on the federal government to build a stable economy that will promote, rather than kill existing businesses in the country. …
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Following an intensive two days of virtual meeting with investors across the globe, Nigeria has raised the sum of USD4 billion through Eurobonds. The Order Book peaked at USD12.2 billion …
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Nigeria and Ghana are racing to adopt a central bank digital currency as they look to ride the wave of popularity of cryptocurrencies in West Africa’s two largest economies. Central …
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CAIRO — Egyptian state-controlled payments firm e-finance for Digital and Financial Investments said on Sunday it would offer up to 14.5% of its capital in an initial public offering in …
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Business PoliciesNorthern Africa
Cement factories in Egypt to operate with natural gas instead of coal
Cement companies in Egypt are seeking to return to operating with natural gas fuels instead of coal, after nearly seven years of the government’s decision to compel companies to use …
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There are indications that the Organised Private Sector of Nigeria, OPSN, would be heading to court to prevent a scenario where members would be compelled to pay Value Added Tax, …
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Today, the Ethiopian American Civic Council (EACC) is calling for an independent review and forensic validation of a CNN piece alleging Ethiopian government officials committed acts of ethnic cleansing against …
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Banking, Finance & InvestmentBusiness Policies
African Development Bank approves $50 million Intra-Africa Trade Finance for Standard Chartered Bank
The Board of Directors of the African Development Bank Group (AfDB.org) has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the African Development Bank and …
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Nigeria’s lenders likely don’t have enough dollars to fund clients seeking to acquire oil assets put on sale by the local unit of Royal Dutch Shell Plc, the country’s biggest …