Category: Business Report

ACCA COUNCIL SEAT 2020

https://secure.cesvotes.com/V3-0-0/acca20/en/login?bbp=30202&x=-1 A noble and dedicated candidate who also served as a member of the Association of Chartered Certified Accountants (ACCA) panel in Botswana. He has served with enthusiasms and integrity over the past 10 years in an audit and accounting environment. His accounting experience includes public and private sector and diverse industries, including non-profit NGOS. […]

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Air Namibia back from the brink

Air Namibia, which requested and was refused a US$119m government bailout last October, has been rescued by an allocation from the Namibian department of public enterprises. But the carrier could still be heading for possible restructuring, The airline is set to resume international scheduled flights, including to South Africa, in July. Read more: http://www.tourismupdate.co.za/article/199629/Air-Namibia-back-from-the-brink

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Kenya overtakes Angola as third-largest economy in Sub-Sahara Africa

Kenya has overtaken Angola as the third largest economy in Sub-Sahara Africa, International Monetary Fund’s (IMF) fresh estimates released 05 June 2020. The East Africa’s largest economy, that has been the fourth largest economy in the Sub-Sahara Africa, has surpassed Angola to become third-largest economy in dollar terms. Read more:https://www-businessdailyafrica-com.cdn.ampproject.org/c/s/www.businessdailyafrica.com/economy/Kenya-overtakes-Angola-as-third-largest-economy/3946234-5571578-view-asAMP-ui20q0/index.html

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Economic Update: Africa

The ICAEW Economic Update: Africa, is a quarterly economic forecast for the region prepared directly for the finance profession. Privatisation in Africa: Q4 summary Privatisation has progressed more slowly in sub-Saharan Africa than in other regions  Many state-owned enterprises are seen as vehicles to pursue economic policy objectives Privatisation will accelerate as the fiscal opportunity […]

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SACU – Review of the Revenue Sharing Arrangement

The SACU Revenue Sharing Formula was implemented for the first time in December 2004 to calculate 2005/06 revenue shares for Member States. In practice, Member States’ annual revenue shares are determined and approved by Council in December for distribution during the subsequent year. The current Revenue Sharing Formula has three components; namely the Customs Component, […]

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Trump signing pro-Hong Kong rights bill into law will worsen US-China relationship, former US ambassador to China says

Both chambers of Congress pass a pro-Hong Kong rights bill by near unanimous margins amid crackdowns on protests. If President Donald Trump signs the bill into law, the move will worsen U.S.-China relations and cause “more uncertainty regarding potential trade agreement,” said Max Baucus, who was appointed ambassador to China by President Barack Obama. Read […]

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China’s $2 billion Ghana deal: Fears over debt, influence, environment

As part of a memorandum signed between the two nations last year, Beijing will finance $2 billion worth of rail, road and bridge networks, and in exchange, China will be granted access 5% of Ghana’s bauxite reserves. The deal has drawn criticism from environmental activists, political opposition, and international government investment partners, with a new […]

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McKinsey: Leadership lessons from 5 of Africa’s leaders: Aliko Dangote, James Mwangi, Fred Swaniker, Graca Machel & Nadia Fettah

Africa offers growth-minded companies exciting opportunities. Its population is young, fast growing, and increasingly urbanized. The rapid adoption of technology, meanwhile, makes the continent a fertile arena for innovation. As in any market, there will be losers and winners—some of which are already emerging. This article presents reflections from five of Africa’s leaders. Taken together, […]

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ECO Animal Health Inks Poultry Vaccine Deal With University Of Georgia

LONDON (Alliance News) – ECO Animal Health Group PLC on Tuesday said its unit ECO Animal Health Ltd has entered a second exclusive licensing deal with the Poultry Diagnostic & Research Center of the University of Georgia. This deal, which follows one for the development of potential vaccines in the field of mycoplasma gallisepticum, will […]

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Botswana’s first private coal mine to produce saleable coal in March

Botswana’s first privately owned coal mine will produce its first saleable coal in March, the chief executive of the company overseeing the project told Reuters. The Masama Coal Mine aims to produce 1.2 million tonnes per annum of coal and will target the South African market as well as other countries in the region, Minergy […]

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