Category: Business

A new report by the Economist Intelligence Unit (EIU), the research and analysis division of The Economist Group, shows that GCC companies and institutions are targeting a larger share of Africa’s resource industries of oil and gas, mining and agriculture, while consolidating their strong position...

The bill introduces, among others, Motor-Vehicle Tax, Minimum Top-Up Tax and Significant Economic Presence tax and amendments aimed at enhancing revenue collection and tax compliance.

The Lobito Corridor is the first strategic Global Infrastructure and Investment (PGI) economic corridor launched by US President Joe Biden at the G7 Summit in Japan in May 2023, under the flagship G7 Partnership for Global Infrastructure and Investment initiative.

Juba is grappling with a shortage of dollars as a result of declining revenues from oil production-the nation’s chief revenue earner, on depleted wells and military conflict in the neighbouring Sudan.

The funding is part of the sixth and last review of Kinshasa’s economic and financial policies under the IMF’s three-year Extended Credit Facility (ECF) programme that was approved in July 2021 for a total funding of SDR 1.06 billion (about $1.52 billion).

But lack of funds continues to haunt the joint standard gauge railway (SGR), which terminated in Naivasha, in Kenya’s Central Rift region.

“Due to the continued detention of KQ employees by the Military Intelligence Unit in Kinshasa, Kenya Airways is unable to support our flights without personnel effectively. As a result, we reached a difficult decision to suspend flights to Kinshasa effective April 30, 2024, until we...

Senators Chris Coons of Delaware and James Risch of Idaho last week introduced the bipartisan Agoa Renewal and Improvement Act of 2024, which would see Agoa cover 54 African countries.

The government and Hilton International Limited, who have a joint stake in the property, said the building could be used for other activities in response to changing market conditions and occupational demand.

Mombasa High Court judge Kizito Magare ruled that the five companies did not prove they had a legal or equitable interest in the proclaimed goods capable of stopping the ensuing execution process.