Nigerian Government approves new tax incentives
The Nigerian government has approved tax incentives for companies employing more staff. The incentive also includes a relief package to workers earning between N200,000 and N400,000. In addition, this incentive…
Uganda’s NSSF records 15% revenue increase
The Uganda National Social Security Fund (NSSF) has seen its revenue increase by 15 per cent to Sh2.53 trillion in the financial year ending June 30, 2024, as funding from…
Uganda to boost export revenue with sale of milk and coffee
Uganda is set to boost its revenue from export with the sale of milk and coffee. This comes against the back drop of a major increase in production from 2.51…
Eswatini’s new digital wallet to break dominance of conventional banks
A new digital wallet is set to break the dominance of conventional banks and telecommunications providers in Eswatini. Launched just two years ago, the mobile money platform called Instacash, has…
South Africa to address unemployment inequality with new reform
South Africa has announced plans to address unemployment and income inequality with a reform of the Black economic empowerment program. Enacted in 2003, the Black economic empowerment law implemented a…
Djibouti-South Sudan propose new Oil export route
Djibouti has proposed an alternative oil export route for South Sudan, providing a solution to the risks posed by the ongoing conflict in Sudan, which has disrupted South Sudan’s main…
Davis & Shirtliff to boost product quality with new partnership deal
Davis & Shirtliff, Africa’s leading water and energy solutions provider, has partnered with Flowserve Corporation to provide quality, affordable products and seals to companies in East and Central Africa.Flowserve is…
New interest rate to be decided as Nigeria’s Monetary Policy Committee meets today
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) reconvenes today to discuss the nation's economic trajectory. With inflation rates still disturbingly high at 32.15%, the MPC…
Rwanda joins regional stock market, targets revenue boost
The Rwanda Stock Exchange (RSE) has joined the regional stock market in East Africa. It is the latest entrant to the market, which the regional stock exchange sees as a…
Zimbabwe’s new currency under pressure five months after its launch
Zimbabwe’s new currency is under pressure five months after its launch amid rising food prices and a declining exchange rate. This has put at risk the government’s plan to have…
