Category Archives: BUSINESS-FINANCE

Kenya Revenue Authority Commissioner General Humphrey Wattanga. [File, Standard] The Kenya Revenue Authority (KRA) is targeting to collect Sh60 billion from digital coin traders in the government’s renewed efforts to have Kenyans pay taxes. The targeting of digital coin dealers such as bitcoin, famously known as forex traders, is among the efforts by KRA to collect Sh20.486 trillion in the next five years according to its newly launched ninth corporate plan. Additionally, the agency seeks to transform itself into a facilitative institution for businesses during this period even as it requested a Sh10 billion allocation to offset piling Value Added Tax (VAT) refunds. KRA board chair Anthony Mwaura, speaking during this year’s Taxpayers Day celebrations at State House, Nairobi, said during the financial year 2023/24, the agency collected Sh10 billion

Bridget Phillipson, the education secretary of the university, is expected to announce an increase in tuition fees, which will align with the inflation of the retail price index. This change is slated to take effect from September 2025, impacting A-level students who are currently in the application process for universities. Since 2017, tuition fees have been capped at £9,250, but there is uncertainty over which month’s inflation figures will be utilised for this adjustment. If the fees are linked to the current inflation rate of 2.7 percent, tuition could rise to approximately £9,500 starting next year. Earlier reports indicated that the Government might aim to raise fees to £10,500 over the next five years, though ministers are hesitant to commit to any increases beyond the upcoming academic year, as they

Namibian biodiversity expert negotiater Betty Schröder has been re-elected to serve on the Nagoya Protocol Compliance Committee under the Convention on Biological Diversity (CBD). Schröder was the chairperson of the committee and her re-election was held at the 16th Conference of Parties to the CBD in Cali, Colombia, last week. She represents the African continent on the committee. Schröder told The Namibian her re-election comes at a crucial time as Namibia faces increasing global pressure on its natural resources. She says as the continent rallies for the implementation of the Nagoya Protocol, designed to ensure the fair and equitable sharing of benefits derived from genetic resources, her continued contribution is pivotal. “With international cosmetic and pharmaceutical companies increasingly clamouring for natural and sustainable ingredients, Namibia stands at a crossroads: poised

Zamfara State has been ranked as Nigeria’s leading Internally Generated Revenue (IGR) state performance on Index A. BudgIT’s State of States Report for 2024, launched last Tuesday, is an annual publication evaluating each state’s long-term fiscal performance and sustainability. A statement by the spokesperson of the Zamfara Governor, Sulaiman Bala Idris, disclosed that the significant improvement in the growth of the Zamfara IGR by 240.44% is linked to the state’s decision not to rely only on the Federal Account Allocation Committee (FAAC). The statement added that the BudgIT report was obtained through its annual analysis, assessment and rankings of the fiscal performance of all 36 states, from the most to the least sustainable. The BudgIT report explained the significant growth in Zamfara State’s IGR, highlighting that from its bottom position

FILE PHOTO: Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City. (Photo by ANGELA WEISS / AFP) Global stock markets rose and the dollar slid Monday as investors steel themselves for a coin-toss US presidential election, an interest rate decision, and expected Chinese stimulus measures. Oil prices rallied around 2.5 percent after eight members of the OPEC+ group of producers said Sunday they would extend supply cuts until the end of next month. They had been delaying output hikes because of worries about slowing demand in China and the United States. All major European and Asian markets gained, tracking a positive lead from Wall Street ahead of the weekend. “Traders are gearing up for perhaps the most

Dr Paul Kofi Fynn — Chancellor, Wisconsin International University College, Ghana Shirley Asiedu-Addo Nov – 04 – 2024 , 10:48 Chancellor and Founder of Wisconsin International University College Ghana, Dr Paul Kofi Fynn,  has been honoured with the distinguished Lifetime Achievement Award at the 2024 Ghana Business Awards. At the same event, Wisconsin International University College Ghana was awarded the prestigious title of “Educational Institution of the Year” at the 2024 Ghana Business Awards, held at the Kempinski Hotel in Accra. This esteemed event celebrated notable achievements by leaders and institutions across Ghana’s business, education, and public sectors. Dr Fynn was described as visionary leader with groundbreaking contributions to education, and enduring impact on economic growth in Ghana and the West African region. His award underscores his pioneering efforts in