Friday, January 31, 2025

Finance

Parliament discuses Revenue Administration (Amendment) Bill

Parliament is considering the report of the Finance Committee on the Revenue Administration (Amendment) Bill, 2020. The Bill seeks to amend the Revenue Administration Act, 2016 (Act 915) to establish an Independent Tax Appeals Board (ITAB) to hear and determine...

Almost 60,000 workers now facing redundancy day after Rishi Sunak’s ‘jobs, jobs, jobs’ mini-Budget

ALMOST 60,000 workers face redundancy just a day after Rishi Sunak's mini-Budget promised to focus on "jobs, jobs jobs". Since March, 57,702 jobs have either been lost or put at risk as a result of store closures or major cut...

Finance Ministry shuts down over coronavirus scare

The Ministry of Finance has said it has closed down its premises from July 7, 2020, due to an ongoing Coronavirus testing exercise on its staff. In a memo issued by the Chief Director of the ministry, Patrick Nomo, and copied to...

African Development Bank joins World Trade Organisation (WTO) and other Multilateral Development Banks (MDB)s to support trade finance amid COVID-19 crisis

Since the beginning of the COVID-19 outbreak, multilateral development banks have stepped up their trade finance programs to support essential imports and key exports The African Development Bank Group (www.AfDB.org) has joined the World Trade Organisation and other multilateral development...

Boeing announces next wave of job cuts

The layoffs are part of a previously announced plan to to reduce the workforce by 10 percent Boeing has reportedly announced that the company is undergoing another round of layoffs. The company notified approximately 1,030 employees companywide that they will lose their jobs by...

African Development Bank to launch African Economic Outlook 2020 Supplement

The supplement revises the growth projections and outlook for Africa for 2020 and 2021 and highlights the impact of COVID–19 on Africa’s socio-economic landscape The African Development Bank (www.AfDB.org) will launch its African Economic Outlook 2020 Supplement in a live...

Stock futures gain ahead of latest jobs data

The June employment report will be released a day early because of the Independence Day holiday U.S. equity futures are trading higher ahead of the release of the June employment report. The major futures indexes are suggesting a gain of 0.9 percent when...
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