Category: African Business
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Tanzania considers introducing single-payment tax system to improve business environment
This initiative aims to address the current tax system where businesses face multiple payments to different government institutions, including the Tanzania Revenue Authority (TRA) and local councils, a practice that has been criticized by entrepreneurs as cumbersome and expensive. “We have already heard the complaints and the government continues with discussions to establish a single…
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Be Early and Get the upcoming Airdrop
Be Early and Get the upcoming Airdrop https://sanc.tm/w?ref=DLJO3S Earn 10 EXP per minute for every 1 SOL worth of INF that you hold. The Sanctum team are OGs on Solana that have been building liquid staking on Solana since February 2021. We helped Solana Labs to build the SPL stake pool program (today, all but…
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π³π¬ Meghan Markle reflects on discovering Nigerian heritage as ‘humbling’ During a visit to Nigeria, Meghan Markle, the Duchess of Sussex, shared her feelings of humility upon learning about her Nigerian ancestry through a genealogy test. Speaking at an event focused on women in leadership, Markle expressed gratitude for the insight into her heritage and…
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Ghana to become the first African government to use blockchain technology to combat corruption
π¬π Blockchain technology can identify and detect any changes in digital data to track governmental transactions. Implementing this measure will enhance transparency and empower the government to eradicate corruption, the country’s Vice President Mahamudu Bawumia explained. Furthermore, he urged African anti-corruption agencies to implement digital forensics and tools as they will help trace and distract…
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“Blackmail at the highest level”: analyst on Benin’s decision to stop Niger’s oil exports through its territory
π§π―π³πͺ Benin today is making an offer of betrayal, subcontracting and collaboration to harm Niger, Nigerien macroeconomist Hambali Dodo Oumarou told Sputnik. He described this measure as an “irresponsible act” by Beninese President Patrice Talon, pointing out that the two countries have a long history of “good relations.” However, in the face of this denial,…
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Diplomatic dispute threatens Niger-Benin pipeline oil exports
π³πͺπ§π― Diplomatic tensions escalate as Benin President Patrice Talon rejects Niger’s proposal to use its port for oil exports, citing Niger’s refusal to cooperate. Two weeks after oil production commenced at SΓ©mΓ¨ KrakΓ© in Benin, Talon criticized Niger’s approach, emphasizing the importance of formal cooperation. Benin, a member of ECOWAS, previously faced threats of military…
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BANK OF AFRICA TEAMS UP WITH BANK OF PALESTINE TO BOOST ECONOMIC TIES
Moroccan banking conglomerate Bank of Africa has teamed up with Bank of Palestine to boost economic cooperation. The initiative aims to bolster sustainable development, financial inclusion and entrepreneurship in Palestine and Morocco, the organizations said. The partnership allows cross-participation, on a symbolic basis, through the acquisition of shares in the stock exchanges where these banking…
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All assets acquired corruptly in Zimbabwe and stashed overseas will be uncovered and confiscated, the Zimbabwe Anti-Corruption Commission (ZACC) and the country’s prosecutor-general say
πΏπΌ Zimbabwe’s Prosecutor-General, Justice Loice Matanda Moyo, and ZACC Chairperson Michael Reza made the statement at a capacity building workshop on financial investigations and asset recovery, organized by the International Centre for Asset Recovery (ICAR). “It is time that we totally eradicate corruption in Zimbabwe and recover the stolen assets. As a result of these…
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Returnees: Community in Africa preserves Brazilian traditions and resists to the present day
π§π· π At the crossroads between Togo and Benin, where the borders merge into a rich cultural tapestry, lies a unique community: the African returnees from Brazil. Several other African countries also have these people, who returned to Africa after the so-called Golden Law abolished slavery. Anice Lawson, a doctoral student at the School of…
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South Africa’s private sector shows signs of growth in April as power crisis eases
The modest recovery was driven by improved business confidence and a reduction in power outages, a survey showed on Monday. The S&P Global South Africa Purchasing Managers’ Index (PMI) rose to 50.3, indicating a return to growth after several months of contraction. “Some of the headwinds that have held the private sector back recently showed…
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