Kenya Revenue Authority (KRA) has been given the nod to enforce the collection of winnings or betting tax using agency notices, as they are income and subject to taxation. In …
Economy
American digital bank UMBA recently acquired a majority stake in Daraja, a deposit-taking microfinance bank, in the latest purchase that has made the loss-making industry a target for acquisitions. The …
- AfricaAFRICA NEWSCOVID-19EconomyGhanaNewsNigeriaWestern Africa
EU, GIZ launch 2.8m euro Covid-19 vaccine manufacturing project in Ghana
The European Union (EU) and the German Development Cooperation have jointly launched a 2.8 million euro Covid-19 vaccine manufacturing project in Ghana. The vaccine manufacturing project will be implemented over …
- AfricaAFRICA NEWSEconomyGhanaNewsWestern Africa
EU ends 4 years of Employment and Social Protection Programme in Ghana
The European Union(EU) has so far invested 26 million euros in the Ghana Employment and Social Protection Programme for the past four years. The Ghana Employment and Social Protection Programme …
- Central AfricaEconomyRwanda Daily
Activists demands climate funding for youth-led initiatives ahead of GCF meeting
Climate change activists and conservationists are calling for more funds to be allocated to youth-led initiatives geared toward environmental protection. They also suggest for ‘big funders’ to adopt a policy …
- AfricaAFRICA NEWSEconomyNewsNigeriaWestern Africa
PenCom exempts retirees earning blow N10,000 from pensions
The National Pension Commission (PenCom) says retirees whose retirement savings account (RSA) balances cannot provide a monthly pension of at least one third of minimum wage, can take the whole …
The National Pension Commission (PenCom) has revealed that the total number of registered contributors and the value of pension fund assets in Nigeria stand at 9,795,957 million and N14.27 trillion respectively, …
- AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern AfricaTransportation & Logisitics
Mercedes-Benz Egypt to open logistics hub at SCZONE in 2022
Mercedes-Benz Egypt is getting ready to begin operations at its new logistics hub at the Suez Canal Economic Zone (SCZONE) in Ain Sokhna soon this year, according to a press …
- AfricaAFRICA NEWSEconomyGhanaNewsWestern Africa
Ghana Cedi ranked worst performing currency worldwide after Rupee
The latest report on currency performance by Bloomberg has tagged the Ghana Cedi as the worst performing currency in the world after Sri Lanka’s Rupee. The Ghana cedi has depreciated …
- AfricaAgricultureBusinessEconomyFood ProductionNewsNigeriaWestern Africa
Farm gate purchases: FGN sets up committee to implement ban on foreigners
The federal government of Nigeria has set up an inter-ministerial standing committee to oversee the implementation of a memo on the “Promotion of Agri-Business in Nigeria through Right Farm Gate …