Tag Archives: revenue
Living the FATCA life in Africa: New U.S. tax regulations add to burden of compliance on financial institutions across Africa
Cost competitiveness vital to expand in developing markets
4th Annual Summit on Mobile Payments & Banking Greater Mekong/ Emerging Markets will be taking place in Phnom Penh, Cambodia from 12-13 June 2013.
BRAZZAVILLE, Republic of the Congo, May 14, 2013/African Press Organization (APO)/ – An International Monetary Fund (IMF) mission led by Mr. Mbuyamu Matungulu visited Brazzaville during April 29–May 13, 2013, to conduct discussions for the 2013 Article IV consultations. The mission met with the Honorable Obami Itou, President of the Senate; the Honorable Koumba, Speaker of Parliament; State and Finance Minister Ondongo, Special Presidential Advisor Gokana, National Director of the BEAC Ondaye Ebauh, and other senior officials. It held discussions with development partners and representatives of the private sector, including members of the banking profession.
The International Monetary Fund (IMF) says Gambia’s newly introduced Tax collection system — the Value Added Tax (VAT)- is killing the country’s ailing economy and businesses. “The outlook for the economy is generally favorable for 2013, but there are risks. Real GDP growth is expected to accelerate, if the recovery in crop production is sustained.
“I think energy efficiency and management in the short to long term is the way to go and this conference’s emphasis on ways to improve these is impressive.”
The company has become one of the largest music aggregators in the African continent
In a move that is angering Diaspora Gambians and their families back home, The Gambia government on Thursday announced the banning of all local and long distance Skype and Viber free calls in The Gambia–citing what it calls “the major financial loss that government is accruing due to Skype and Viber free calls,” the Freedomnewspaper reports.
English Language Mandates Help Drive High Growth Rate in Africa According to Ambient Insight
PRAIA, Cape Verde, April 24, 2013/African Press Organization (APO)/ – On March 8, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Cape Verde.1