Uganda: Ggoobi Declares That No New Taxes will be Implemented In The Upcoming Fiscal Year.
The government has ruled out enacting new taxes or raising existing ones in the fiscal year 2023–2024. The action aims…
Day: December 29, 2022
Fitch – Ghanaian Banks will Deteriorate As A Result of The Restructuring of The Country’s Debt.
When banks replace their current debt with new bonds that have lower coupons and longer tenors, according to Fitch, they…
Kenya: How Sh15 billion That was Frozen In 2022 Vanished.
Prior to the August election, Kenya flagged more than Sh15 billion in just three years. The High Court later froze…
Kenya’s Forex Buffer Exceeds 4 Months of Coverage on IMF Loan.
After the International Monetary Fund (IMF) disbursed Sh81. 7 billion, Kenya’s foreign exchange reserves increased to $7.537 billion (Sh925. 6…
Nigeria Senate Committee Supports Coalition’s Call for N20/Litre Sugar Tax.
The National Action on Sugar Reduction Coalition (NASR) is advocating for an increase in the current tax on sugar-sweetened beverages…
Nigeria: Lekki Port Starts Discussions On A Liquid Berth Terminal.
According to Laurence Smith, the Chief Operating Officer of Lekki Port LFTZ Enterprise Limited, discussions have begun with potential managers…
25-year Port Master Plan will Be Completed In Q3 2023 – NPA.
According to Mohammed Bello-Koko, managing director of the Nigerian Ports Authority, the 25-year port master plans will be completed before…
Old Naira Notes: The Senate Requests That The Deadline be Moved to June 30.
Following the redesign of the N200, N500, and N1,000 banknotes, the Senate unanimously urged the Central Bank of Nigeria (CBN)…
Nigerian Assembly Passes N21.8tn Budget.
The 2023 budget request was increased by N20.51 trillion to N21. 82 trillion by the National Assembly. Additionally, the National…
Nigerian Reps Hinder A Planned $1 billion Oil Asset Auction.
The House of Representatives has requested that the Federal Government halt the planned $250 million auction of Oil Mining Licence…
Somalia Denies Genel Energy’s ‘Illegal Claim’ to Oil Permits.
According to Somalia’s oil ministry, the country rejected Genel Energy’s (GENL. L) “illegal claim” to oil exploration and exploitation rights…
Nigeria’s Senate Approves The 2023 Budget but Defers a Decision On The Loan-bond Swap.
The Nigerian Senate raised the budget for 2023 by 6. 4% to 21. 83 trillion naira ($49 billion) and postponed…