adminTreasury scraps VAT deferral for importers
TREASURY has withdrawn the Value Added (VAT) deferments provision it had made available for operators with outstanding tax payments to enable them to import critical capital equipment.
Unifreight banks on fleet expansion to drive earnings growth
TRANSPORT and logistics company, Unifreight Africa is banking on its investment in fleet expansion and quality contracts to drive the group’s earnings growth.
FMHL nearly doubles first quarter profitability
Diversified insurance giant, First Mutual Holdings Limited recorded a solid performance in the quarter to March 31, 2024 after almost doubling profitability despite some headwinds experienced during the period.
Africa ‘crucial partner’ for South Korea
Africa’s rich mineral resources and its potential as a vast export market are at the top of South Korea’s agenda as it hosts a summit with the leaders of 48 nations this week with plans for aid on industrial infrastructure and digital transformation.
Blueprint for global financial architecture for Africa
African leaders have finally laid out the blueprint for the financial architecture that many of the continent’s political bigwigs and economists have been calling for, clearly painting the picture that has been at best a silhouette in recent years.
Africa can ill-afford US$75bn interest payments: AfDB
African nations will spend US$75 billion on debt interest payments this year, money they desperately need for pressing issues such as social spending and public investments, according to the African Development Bank (AfDB).
Tanzania, Ethiopia sign loan deals with S. Korea
DAR ES SALAAM. — Tanzania and Ethiopia said they had signed accords with South Korea for loans of billions of dollars, part of broader deals that will give the Asian nation access to Africa’s crucial mineral resources and vast export market.
Most influential companies in 2024
More than just a badge of honour, the global recognition of African companies signifies a dramatic change in the perception innovation on the continent. It also conveys Africa’s capacity for global competition and impact.
SA rand, stocks, govt bonds gain
JOHANNESBURG. — South Africa’s rand, stocks and government bonds gained on yesterday, as investors bet on the prospect of the African National Congress (ANC) striking a coalition deal with a market-friendly party after failing to get a majority in last week’s election.
Tanzania urges farmers to seek export markets
Tanzanian authorities have urged maize farmers to seek markets in neighbouring countries for their surplus.