Kenya’s president has proposed hiking taxes on mobile money transfer services and other money transfer services, documents sent to parliament this month showed, amid a tussle in government over how to boost revenues without hurting the poor. Uhuru Kenyatta proposed increasing the excise duty on mobile money transfer fees from
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By Ricardo Flores, Senior Regional Manager of SADC Applications at Oracle GABORONE, Botswana, 19th September 2018 -/African Media Agency (AMA) /- Digital transformation and emerging technologies have been generating significant interest in Africa recently. Public and private sector organisations are finding the promises of job creation and economic growth difficult
Read MoreBill and Melinda Gates say investing in young people could unlock productivity and innovation SEATTLE, United State of America, 18 September 2018,-/African Media Agency (AMA) /- The Bill & Melinda Gates Foundation today launched its second annual Goalkeepers Data Report, pointing to demographic trends that could stall unprecedented progress in reducing
Read MoreThese are certainly challenging times for President Yoweri Museveni. His decision to meet and dish out money to different youths groups in Kampala and Wakiso with the aim of defuse the growing popularity of Kyadondo East lawmaker, Robert Kyagulanyi aka Bobi Wine, has left NRM MPs asking for equal treatment.
Read MoreMost incompetent Committees of Parliament have been named and shamed by the Speaker of Parliament, Rebecca Kadaga. She revealed that a number of Committees failed to deliver of many Bills, slowing down Parliamentary work. Budget Committee headed by Amos Lugoloobi was cited as one of the incompetent Committees having failed
Read MoreVivo Energy plc (“Vivo Energy”) Tuesday announced that it has reached an agreement with Engen Holdings (Pty) Limited (“Engen” or “EHL”) to restructure the acquisition of Engen International Holdings (Mauritius) Limited (“EIHL”) by Vivo Energy’s subsidiary, Vivo Energy Investments B.V. The restructured transaction is now unconditional, aside from customary closing
Read MoreBy Damalie Nankya The need for quick and easy access to credit is always been a real need for borrowers with urgent requirements. However, when someone needs urgent financial assistance, they tend to ask family and friends or other close circles for help rather than go through the process of
Read MoreThe Speaker of Uganda’s Parliament, Rebecca Kadaga has threatened to sue individual Uganda Peoples Defence Force (UPDF) soldiers accused of torturing Ugandans, noting that the army Command has not taken seriously complaints brought against its officers. “I want you to educate me how I can initiate proceedings against soldiers either
Read MoreThe ODM chunk of of the National Super Alliance has supported the proposal by President Uhuru Kenyatta to slash VAT on petroleum products from 16 to 8 per cent, Kenyan media report. The decision was reached at after an ODM parliamentary group meeting at Orange House, Nairobi, chaired by party
Read MoreThe UK government has frozen all funding to Zambia citing alleged fraud and corruption. British High Commissioner to Zambia Fergus Cochrane-Dyet confirmed the announcement in a tweet, adding "UKAid takes zero-tolerance approach to fraud [and] corruption": The UK is historically Zambia's biggest donor, according to the financial news site Bloomberg.
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