High taxes on mobile hampering DRC economic growth

taxes

KINSHASA – EXORBITANT mobile sector-specific taxation is hindering mobile adoption and potential gross domestic product (GDP) growth in the Democratic Republic of the Congo (DRC). This is according to the Global System for Mobile Communications (commonly known as GSMA), which has called on the government to initiate taxation reforms and boost the More...

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BCL Mine
By On Friday, July 20th, 2018
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Government tiff with miner jeopardizes Botswana investment status 

From ODIRILE  TOTENG in Gaborone, Botswana GABORONE  – BOTSWANA, the diamond-rich Southern African country, risks reputational damage as an investment destination following the bungled liquidation of BCL More...

Dr Howard Liang
By On Wednesday, July 11th, 2018
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Huawei releases 2017 Sustainability Report

JOHANNESBURG – HUAWEI has released its 2017 Sustainability Report, demonstrating initiatives undertaken to bridge the digital divide, support network stability and security, protecting privacy, promote environmental More...

Absa_Logo_Primary_Identity_RGB_Passion-01
By On Wednesday, July 11th, 2018
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New look Barclays Africa relaunches as Absa Group

JOHANNESBURG  – BARCLAYS Africa Group has officially been renamed Absa Group. It has started trading under its new name and share code (ABG) on the Johannesburg Stock Exchange (JSE). The name change, according More...

World Bank
By On Monday, July 9th, 2018
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Ghanem appointed World Bank VP for Africa

JOHANNESBURG – THE World Bank has appointed Hafez Ghanem as the new Vice President for Africa, effective July 1. He will lead an active regional portfolio consisting of over 600 projects totalling more than More...

African healthcare
By On Wednesday, July 4th, 2018
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Brain drain: Nigeria health sector in intensive care

ABUJA – NIGERIA is sitting on a ticking health time bomb amid doctors leaving in droves mostly to the United Kingdom (UK) United States (US). The UK is employing at least 12 new Nigerian doctors per week More...

Container dock photo (free)
By On Tuesday, July 3rd, 2018
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Dubai “port” could change land-locked Africa

ADDIS ABABA – PLANS for an “inland container port” hold promise for Africa’s 16 countries without coastlines. But a lot depends on having the right neighbours. Ethiopia is to develop a container dock that More...

EXXON Mobil
By On Thursday, June 28th, 2018
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Marketing of key Mozambique gas project underway

MAPUTO – EXXON MOBIL and Eni have confirmed marketing efforts are underway for the Rovuma liquefied (LNG) project offshore Mozambique. It will produce, liquefy and sell natural gas from the gas fields of the More...

GCEO centred
By On Wednesday, June 27th, 2018
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Old Mutual endorses Zimbabwe Open for Business mantra

Old Mutual Zimbabwe Group CEO and Old Mutual Rest of Africa CEO, Jonas Mushosho, (centre), hands over an Anchored in Africa statuette to President Emmerson Mnangagwa while Patrick Chinamasa, Minister of Financelooks More...

MTN 5 (2)
By On Monday, June 25th, 2018
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MTN sponsored centre improves healthcare in KZN

MEC Dhlomo with KZN College of Nursing principal Ms Sindi Mthembu, Ms Kusile Mtunzi-Hairwadzi and Mr Ernest Galelekile, both from MTN -image provided DURBAN – MTN’s sponsorship of a R1,2 million multi-media More...