03/27/2018
The IMF relied on three key arguments to explain why Uganda’s steeply rising indebtedness was not a cause for concern to them. They then summarised the situation as follows:
03/27/2018
We appeal to employers to comply with the law lest they face the wrath of the law. It is not in anybody interest that employers are sanctioned.
03/23/2018
Over the last decade the government of long-ruling President Yoweri Museveni has ramped up borrowing, mostly from China, to fund infrastructure projects including roads, power plants, fibre cable networks and an airport expansion.
03/23/2018
The MRA has introduced the Tax Arrears Settlement Scheme.
03/21/2018
“Rwanda stands out amongst its peers in East Africa because the economy has grown impressively and sustainably from 2000 to 2017, with a GDP growth rate averaging 7.2% annually,” said CBA Group Chairman, Desterio Oyatsi.
03/21/2018
The mission, from 18 to 23 March, is organised at the initiative of the Ministry of Financial Services and Good Governance in collaboration with the Economic Development Board.
03/21/2018
The government, represented by Finance Minister Adriano Maleiane, also wants to write off half its past-due interest payments
03/21/2018
The Memorandum of Understanding provides a framework for a regular exchange of information, policy dialogue and technical cooperation between the two institutions.
03/21/2018
Fourie told the committee that it only granted credit through a model based on client behaviour, affordability and revenue source.
03/21/2018
Ghana will follow other sub-Saharan African issuers such as Ivory Coast and Kenya
03/21/2018
The agreement was signed by Hamad Buamim, President of the Dubai Chamber, and Mónica De Greiff, Executive President of the Bogotá Chamber of Commerce.
03/20/2018
Prosecutors announced on Friday that Zuma would face corruption charges on allegations of accepting bribes over an arms deal before he became president.
03/19/2018
Slower inflation and more stable exchange rates have built a case for looser monetary policy in Kenya, Ghana, South Africa and Nigeria.
03/19/2018
It is understood discussions on cryptocurrencies will take place across both days between finance officials from G20 members.
03/18/2018
The members of the OECD/G20 Inclusive Framework on BEPS will work towards a consensus-based solution by 2020, as set out in their Interim Report on the Tax Challenges Arising from Digitalisation released today.
03/16/2018
They echoed their thoughts during the 20th Senior Policy Seminar convened by the African Economic Research Consortium and Bank of Uganda.
03/14/2018
Bank of Baroda was the only bank that had been working with the Gupta companies after all South African banks severed ties with them following corruption allegations against Ajay, Atul and Rajesh Gupta involving billions of rands.
03/13/2018
Stakeholders interpret the ongoing steps towards internal reforms, increased professionalism and transparency of the whole process, as a welcome development.
03/12/2018
The tiny mutual bank, best known for its R7.8m loan to help Zuma pay back the Nkandla money, ignored repeated warnings on municipal deposits
03/09/2018
U.S. Secretary of State Rex Tillerson has warned against African nations accepting Chinese loans.