The Mozambican state has so far this year collected one billion meticais (15.7 million US dollars at the current exchange rate) in taxes in the Beluluane Industrial Park, on the …
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Banking, Finance & InvestmentBusinessEconomyNigeria
Sterling Bank Nigeria plc grows Q3 profit by 41.52%
Sterling Bank Nigeria Plc said it recorded 41.52 per cent growth in its profit after tax in nine months of 2022, in spite of economic challenges. The Group’s unaudited financial …
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BusinessEconomyKenyan NewsUncategorized
Kenyans Above 18-Years To Be Taxed says President William Ruto
The Government is seeking to expand tax collection by taxing every Kenyan with an ID card. President William Ruto said every Kenyan above 18-years should be issued with the Kenya …
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BusinessEconomyFinance & ServicesHealthcareMorocco
Government to Gradually Tax Sugary Products for ‘Public Health’
Morocco’s government announced that it would gradually start to tax sugar-intensive products to “preserve the health of citizens.” During a presentation to parliament, Morocco’s Economy and Finance Minister Nadia Fettah …
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EconomyFinance & ServicesHealthcareMorocco
Morocco Seeks to Scrap Tax on Imported Drugs and Health Products
The Moroccan government is in the process of drafting legislation that would scrap taxes on imported medications. According to a government statement released on Saturday, Morocco’s Minister of Health and …
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AfricaAFRICA NEWSEconomyNewsSouth AfricaSouthern Africa
Judge Bernard Ngoepe bows out as SA’s first Tax Ombud
Judge Bernard Ngoepe has officially ended his time as South Africa’s first Tax Ombud. Ngoepe held the role for three terms, from 2013 until 30 September 2022. The finance ministry said …
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaReal EstateWestern Africa
Senate urges FG to tax unoccupied houses in Abuja
The Senate Committee on Federal Capital Territory (FCT) has asked the federal government to tax unoccupied houses in the territory as a way of generating revenue and reducing housing deficit. …
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AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
Government doubles down on new tax rules for South Africa
The National Treasury and South African Revenue Service (SARS) are standing their ground on proposed amendments to tax legislation in South Africa, despite protests from businesses. Speaking to the parliamentary …
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AfricaAFRICA NEWSBusinessMarketsNewsNigeriaWestern Africa
SEC Nigeria proposes corporate bonds exemption from tax
The Securities and Exchange Commission (SEC) Nigeria, has asked the federal government to consider its proposal to exempt corporate bonds from tax payment to boost liquidity in the Nigerian capital …
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AfricaAFRICA NEWSBusinessEgyptInsuranceNewsNorth AfricaNorthern Africa
Egyptian government proposes amendment to UHI tax contribution law
The Egyptian government is preparing a draft bill to be presented to the Cabinet soon to amend some provisions of the Universal Health Insurance (UHI) Law to deduce the mandatory …