Crime & Judiciary Matters Foreign Latest News Manufacturing Taxation

Kenyan Govt To Prosecute Billionaire, Others Over Alleged Tax Evasion

Kenya’s Director of Public Prosecution, (DPP) Noordin Haji, has ordered the immediate arrest and prosecution of Humphrey Kariuki, the owner of Wines of the World Limited (WoW) and Africa Spirits Limited alongside eighth other accomplices over allegations of KSh 41 billion tax evasion. According to a news report by, Kariuki and the other eight […]

Economy News Extra Foreign Investments/Capital Market Latest News

UK Targets New Investments In Nigeria, Ghana Others

The United Kingdom is revving up its investment drives in Nigeria and other Africa countries, including Francophone countries, as its planned exit from the European Union (EU) continues to gain traction by the day A statement from the Foreign and Commonwealth Office on Tuesday showed that the Foreign Secretary, Jeremy Hunt, is visiting Francophone Senegal, […]

Economy News Extra Foreign Latest News

Brexit Delay Will Hurt UK’s Economy – Lagarde

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, on Thursday warned that a further extension to Article 50 will hinder growth in the UK economy, Lagarde projected that businesses and investors would remain hesitant in the coming months, warning that if there is prolonged uncertainty, it would have a “negative impact”. Speaking […]

Banking Economy News Extra Foreign General News/Info Latest News Political Economy

IMF Forecasts 2.5% Growth For Nigeria In 2020

The International Monetary Fund (IMF) on Tuesday projected that Nigeria’s economy would grow at the rate of 2.5 percent by 2020, up from the 2.1 percent forecast for 2019. The Breton Woods institution in a new World Economic Outlook (WEO) release issued at its ongoing joint annual spring meetings with the World Bank, in Washington […]

Foreign Latest News Taxation

Court Declares Kenya-Mauritius Double Tax Avoidance Pact Illegal

A Kenyan High Court on Wednesday declared unconstitutional a tax agreement signed by Kenya with Mauritius, saying the pact failed due process requirements. In his ruling, the High Court Judge, Weldon Korir, declared the Double Tax Avoidance Agreement (DTAA) sealed between the two countries unconstitutional, noting the Kenyan government failed to follow constitutional requirements for […]

Foreign Latest News Revenue Tax

SARS Workers End Four Day-Long Industrial Action

Workers of the South Africa Revenue Service (SARS) on Tuesday called off their four-day strike following their acceptance of the fiscal authorities’ offer of eight percent wage increase in 2019 and a CPI-plus-2-percent rise for 2020-21. The deal was struck following negotiations with the authorities by a union representing about half its employees, National Education, […]

Economy News Extra Foreign Latest News Political Economy Professionals & HR Devt.

Nigeria Ranks 6th Most Miserable Country Globally – Report

The latest analysis on global misery level published by Steve Hanke, an economist from John Hopkins University in Baltimore, United States, indicated that Nigeria ranked as the sixth most miserable country in the world. In his writing in the Forbes magazine of March 28, titled ‘Hanke’s Annual Misery Index 2018: The World’s Saddest (And Happiest) […]

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Zuckerberg Seeks New Regulations For Internet Governance

The chief executive officer of Facebook, Mark Zuckerberg, has canvassed the need for new global regulations governing the internet. Specifically, he recommended tough rules on hateful and violent content, election integrity, privacy and data portability, among other regulatory imperatives. In a statement that was published as an op-ed in some newspapers, the Facebook chief said the […]

Economy News Extra Foreign Latest News Revenue Agencies Taxation

President Ramaphosa Appoints New Commissioner For SARS

President Cyril Ramaphosa on Wednesday announced Edward Kieswetter as the new Commissioner for South African Revenue Service (SARS) with effect from 1 May 2019 for a term of five years. He said that the process for the appointment of the SARS Commissioner was informed by the SARS Act and was guided by the recommendations of […]