Tanzania’s President Samia Hassan to Review Mobile Tax after Outcry
The government in Tanzania is reviewing a newly imposed levy on mobile money following a public outcry. The tax, which took effect on 15 July...
Category : Economy & Money
Tanzanian Phone Users Brace Up For New SIM-Card Levy in August
As public outcry continues growing over newly introduced mobile phone transaction levies, Tanzanian mobile phone users bow brace for a new levy on the sim...
African Leaders Seek $100 Billion from World Bank Fund to Finance Economic Recovery
African leaders gathered in Abidjan, Ivory Coast to plead with the World Bank for new aid plans to finance their economic recovery and better access...
Tanzania’s ‘Patriotism Tax’ On Mobile Money Begins
Tanzanians now have to pay more every time they send or receive money via their phones A new so-called “patriotism levy” imposed on mobile money...
Zimbabwe’s Government to Allow Pension Funds to Invest Offshore
The Government is working on modalities that will allow pension funds to invest their monies offshore, Finance and Economic Development Minister Mthuli Ncube has said....
Nigeria to Block MultiChoice Accounts on $4.4 Billion Tax Claim
Nigeria’s tax authority asked lenders to freeze MultiChoice Group Ltd.’s local bank accounts to recover 1.8 trillion naira ($4.4 billion) in alleged tax arrears. The...
Zimbabwe Introduces New Banknote
Zimbabwe’s central bank announced the introduction of a new 50-dollar note, the country’s highest denomination, worth only around $0.60 in US currency. Insufficient to pay...
French President, Macron Inaugurates France-Nigeria Business Council
French President Emmanuel Macron has inaugurated the France-Nigeria Business Council – a private sector initiative to enhance business relations between the two countries. The council...
UK Bans the World’s Biggest Crypto-Currency Exchange, Binance
Binance, the world’s biggest crypto-currency exchange, has been banned by the UK. The UK’s financial regulator, the Financial Conduct Authority (FCA) has ruled that the...
South African Inflation Hits 30-Month High
South Africa’s headline consumer price inflation rose to a 30-month high in May, driven by surging food and fuel prices, official data showed Wednesday. Inflation...