South Africa: Eskom Remains Committed to Completing Kusile On Schedule

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South Africa: Eskom Remains Committed to Completing Kusile On Schedule

[SAnews.gov.za] Eskom says it remains committed to completing Kusile power station within the 2024/25 financial year.

Source: allAfrica.com

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Illegal Cigarette Sales Booming in South Africa – Free Press of Jacksonville

A ban on the sale of cigarettes in South Africa since the country’s COVID-19-induced lockdown began in March has cost the economy millions of rands daily in the form of tax revenue lost to illicit sales of smokes, a variety of industry officials

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Source: Free Press of Jacksonville – Florida’s First Coast Quality Black Weekly

Kenyans Asked to Submit Views on This Year's Budget Estimates

Nairobi — Members of the public have been urged to submit their views for the budget estimates for the financial year 2020/2021 ahead of next month's tabling in Parliament by Treasury Cabinet Secretary Ukuru

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Source: allAfrica.com

Covid-19 leaves the airline industry in financial turbulence

The effects have been so dire that the domestic operators now require a financial loan of Sh3 billion to resume operations once the coronavirus containment measures are relaxed, with the industry data projecting that African airlines have so far lost Sh860 billion as at last

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Source: Business Daily

Dlamini-Zuma is 'simply doing her job', says Mabuza

Deputy President David Mabuza has defended under fire Cooperative Governance and Traditional Affairs Minister Nkosazana Dlamini-Zuma, saying that, amid a slew of criticism, she is simply doing her

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Source: https://www.news24.com

EAC facing cash crisis after delay in 2021 budget

The EAC Council of Ministers, the body mandated with budgetary preparations and presentation, is yet to present its 2020/21 budget proposals to the East African Legislative Assembly (Eala) budget committee with only days to go to the June 30th deadline, The EastAfrican has

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Source: The East African

Treasury allocates Sh20m for plastics war

Two years later, the country banned the use of all single-use plastic in conservation areas which took effect on June

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Source: Business Daily

Government spending $345 million on zinc fence removal programme

The removal of zinc fences which formed part of Government’s social programme for many years will be carried out along major corridors and roadways during this financial

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Source: Jamaica Gleaner

Isaac Ruto: Why I joined hands with Uhuru

Chama Cha Mashinani party leader, former Bomet Governor Isaac Ruto, has denied claims that he has been offered a Cabinet position by President Uhuru Kenyatta to support his house cleaning in

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Source: Daily Nation - Breaking News, Kenya, Africa, Politics, Business, Sports | HOME

Justice stalled - Multimillion-dollar project to free mentally ill inmates fettered

Under the project started by the Legal Aid Council in late 2017, a team of 24 lawyers and six administrative staff were trained and dispatched to the prisons to kick-start the legal process for the removal of 313 mentally ill persons incarcerated largely for minor infractions at the Tower Street

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Source: Jamaica Gleaner

Uganda: Mbale Council Meeting Turns Chaotic As Councillors Exchange Fists

The Mbale District council meeting on Friday degenerated into a scene of chaos as councillors exchanged fists following a disagreement on whether to relocate the district offices from Malukhu in Industrial

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Source: allAfrica.com

Rwanda: MPs Want Clear Plan to Increase Agricultural Loans

MP Théogène Munyangeyo, Chairperson of the Committee, said that agriculture received only 1.5 per cent of the total loans provided by commercial banks in Rwanda in the 2018/2019 financial

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Source: allAfrica.com

Mabuza snubs Parliament again, says he's still 'too ill' to face questions

This is not the first time that the deputy president has asked for a postponement...

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Source: South African News | Online News | The South African

Kenya: Govt Allocates Sh11.3 Billion to Tourism as Sector Thirsts for Recovery

Nairobi — The National Treasury has allocated Sh11.3 billion to the tourism sector in what could help the sector bounce back to profitability owing to the coronavirus outbreak in

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Source: allAfrica.com

Namibia: Salaries Take Bulk of Education Budget

The basic education ministry, which received the largest allocation of N $14.2 billion of the national budget, will spend about N$10.9 billion on personnel

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Source: allAfrica.com

Kenya: Elders Accuse Ruto of Returning When in Need

Since 2017, it has been President Kenyatta, but last week Mr Ruto walked into a shrine in the wee hours of a Friday morning for a small ceremony, kicking up a political storm that, it emerged yesterday, has also caused a cultural

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Source: allAfrica.com

Uganda's $12b Budget Offers Tax Waivers, Credit Access to SMEs

In a bid to get the Ugandan economy moving again after nearly three months of lockdown to curb the spread of coronavirus, the government on June 11 presented a budget offering a host of tax waivers and funding for the business

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Source: allAfrica.com

Debt payments forecast to cross Sh1 trillion mark

The ministry forecasts that debt payments will cross the Sh1 trillion mark in President Uhuru Kenyatta's last year in office, underlining the country’s push to restructure some of the arrears to ease pressure on thinning tax receipts amid Covid-19

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Source: Business Daily

159 Percent Increase in Indian Bank Frauds Last Year | The Florida Star | The Georgia Star

India follows an April-March financial year. And until March 2019, there were 6,799 cases of fraud, involving INR 71,543 crore ($9.7 billion). By March 2020, the number had increased to 8,707, according to the recently published annual reportof India's banking regulator and central bank, the

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Source: The Florida Star

Uhuru order raises online listing of public tenders five-fold

Uhuru order raises online listing of public tenders five-fold

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Source: Business Daily

Ludicrous mode: Teslas market cap rockets past Toyotas - TechCentral

Tesla on Wednesday became the highest-valued car maker as its shares surged to new record highs and the electric vehicle maker's market capitalisation overtook that of former front runner Toyota.

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Source: TechCentral

Sympathy for Ruto in Rift and Central

Even as a number of leaders from the region supported the ouster of Elgeyo-Marakwet Senator Kipchumba Murkomen as Leader of Majority in the Senate and Majority Chief Whip Susan Kihika, residents of various parts of Central Kenya have castigated President Kenyatta over what they term betrayal of his

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Source: Daily Nation - Breaking News, Kenya, Africa, Politics, Business, Sports | HOME

Treasury Sh403bn local debt target tests market

FILE PHOTO | NMG

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Source: Business Daily

Long, winding journey to clip Ruto’s wings

This week’s replacement of Dr Ruto’s allies in the Senate was the culmination of a strategy to cut the publicly known political ties between President Uhuru Kenyatta and his

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Source: Daily Nation - Breaking News, Kenya, Africa, Politics, Business, Sports | HOME

President: Ian Khama

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Source: Fact Monster - Black History

Uganda: How Government Will Finance Shs45 Trillion Budget

External budget support

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Source: allAfrica.com

Banks seen lowering deposit rates, retreat to Treasuries to protect profits

Growth in loans is also likely to remain low as a way to curb the rise in non-performing loans (NPLs) that are projected to lead to an increase in provisioning, the analysts say.

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Source: Business Daily

Uganda: How Government Deals With Unspent Budget Money

The law under Section 17(2) of PFMA provides that, "a vote that does not expend money that was appropriated to the vote for the financial year shall, at the close of the financial year, repay the money to the Consolidated

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Source: allAfrica.com

NJAGI: Incoherent policies draw back gains in smallholder

To attain these objectives, the government must balance policies that support farmers, other value chain actors as well as

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Source: Business Daily

Although Botswanas economic outlook remains strong, the devastation that AIDS has caused threatens to destroy the countrys future. In 2001, Botswana had the highest rate of HIV infection in the world (350,000 of its 1.6 million people). With the help of international donors, however, it launched an

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Source: Fact Monster - Black History

Auditor-General’s rent to cost taxpayers Sh228m

PHOTO | DENNIS ONSONGO

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Source: Business Daily

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