Category: News Letter

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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Bank Indonesia hikes rates in August

Bank Indonesia hikes rates in August; government announces import restrictions to stabilize currency At its 14 and 15 August monetary policy meeting, Bank Indonesia (BI) raised the seven-day reverse repo rate by 25 basis points to 5.50%. The decision took analysts by surprise and marked the fourth rate hike so far in 2018. In addition, […]

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BAC in conjunction with SHU hosts the 2018 Academic Conference

Date: 28 Jul 2018 BAC hosted its first International Academic Conference in collaboration with its partner University based in UK, University of Sheffield Hallam from the 25th – 26th July 2018 at BAC Main Campus. The conference brought together entrepreneurs, business leaders, economists, policy makers, technologists, academics, researchers, and graduate students, and individuals who are engaged […]

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Botswana Economic Outlook

Botswana Economic Outlook Recently released GDP data revealed that the economy lost some steam at the start of the year, growing 4.8% in Q1 on a year-on-year basis, down from the 6.5% expansion recorded in Q4 2017. Despite the slowdown, the pace of growth remained robust, driven by stronger private consumption growth and a solid […]

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