KRA seeks public feedback on the newly proposed tax regulations.
The Kenya Revenue Authority (KRA) has announced the development of a set of laws aimed at improving the country’s tax system.The legislation includes the Pay As You Go Regulations, 2024;…
Naira gains value with new Electronic Forex Market Reforms
The Nigerian naira gained substantial value last week, appreciating by over 8% as the Central Bank of Nigeria (CBN) introduced the Electronic Foreign Exchange Market System (EFEMS). During the week,…
Reduced inflation, currency stabilisation leads to interest rate cut in Kenya
The Central Bank of Kenya (CBK) cut the key interest rate by 75 basis points to 11.25% at its last monetary policy meeting (MPC) for 2024. This is the third…
Morocco to expand rail network with $14 billion investment
Morocco has made significant strides in modernizing its railway network, securing over $14 billion in investments for its expansion plans.The project is led by the state-owned National Railways Office (ONCF)…
Ethiopia partners its regional neighbours to enhance digital infrastructure
Ethiopia, Djibouti, and Sudan have embarked on a partnership to enhance Africa’s digital infrastructure through the Horizon Fiber Initiative. This collaboration, signed by Ethio Telecom, Djibouti Telecom, and Sudatel Telecom…
Nigeria passes new bill to tackle hunger
The Nigerian Senate has passed a bill seeking to criminalise the exportation of unprocessed corn in large quantity. The new bill makes illegal to export unprocessed corn from a minimum…
Orange Egypt targets seamless service with new eSIM option
The National Telecommunications Regulatory Authority (NTRA) of Egypt formally launched eSims on Thursday after the country's four mobile operators successfully passed all required technical testing.Soon after the authority’s announcement, Orange…
Amsons Group to strengthen Tanzanian operations with two new projects
Tanzanian conglomerate Amsons Group has announced plans to strengthen its operations in Tanzania with two new expansion projects.In addition to spending US$180 million to acquire Bamburi Cement, Amsons Group also…
Bitcoin hits $100,000 for the first time
Bitcoin has reached a historic milestone of $100,000 per coin, pushing its total market cap above $2 trillion.This makes Bitcoin one of only seven assets or companies to achieve this…
Botswana holds interest rate at 1.9% to address economic slump
The bank of Botswana has announced a decision to hold its main interest rate at 1.90% noting that the economy will perform below capacity in the last quarter of the…
