Maputo News
The Bank of Mozambique has abolished a series of charges for basic banking services as part of efforts to protect consumers.
Under the new rules commercial banks can no longer charge customers for...
Nairobi News
Islamic banks in Kenya account for one per cent of gross assets in the banking sector, the Central Bank of Kenya (CBS) has said. Gulf African Bank and First Community Bank, the two Islamic banks curre...
Maputo News
The 45th edition of the Maputo International Trade Fair (Facim) will take place from 31 August to 6 September. Businesses especially from the southern African region will come together in the Mozambic...
Lagos News
Nigeria makes mass arrests in bank loan scandal
Numerous people have been arrested by Nigeria
Addis Ababa News
Dubai World pulls out of Addis development
A US$100-million five-star luxury hotel development in Addis Ababa has been put on hold by Dubai World, the Dubai government owned conglomerate, whose majority stakeholder is Sheikh Mohammed bin Rashi...
Lagos News
The new five per cent state-wide consumption tax, raised on goods and services in hotels, restaurants and the hospitality industry, has now come into effect as of 1 August in Lagos.
Revenue raised...
Cape Town News
New central bank chief appointed.
Gill Marcus has been appointed governor of the South African Reserve Bank (SARB), the country
Dar Es Salaam News
Tanzania to retain tax exemptions for religious institutions.
The government has withdrawn plans to abolish tax exemptions for religious organisations and some non-governmental organisations operating in the country following a public outcry.
The plans, contain...
Cairo News
Egyptians could soon be able to file their tax returns through the state
Dar Es Salaam News
Tanzania lifts tax relief on religious institutions.
Faith-based schools, colleges, hospitals and other institutions in Tanzania stand to lose their existing special relief on value added tax (VAT) under proposals contained in the 2009-2010 budget prese...
Accra News
The government of new president John Atta Mills has increased the price of all petroleum products in Ghana by 30 per cent. Under the new tariff structure petrol costs GH
Dar Es Salaam News
Small-scale miners in Tanzania stand to benefit from a new fund established by the government to assist their activities,
Addis Ababa News
Addis Coca Cola factory suspends production.
Coca Cola has disappeared from the bars and caf
Accra News
Ghana to buy property for foreign missions.
The government is taking steps to buy property abroad to house its foreign diplomatic missions, minister of foreign affairs and regional integration Alhaji Mohammed Mumuni has said. The announcement c...
Dar Es Salaam News
Entrepreneurs day in Dar es Salaam.
Friday 3 April will see the first ever entrepreneurs day dedicated to private sector business in Tanzania,
Maputo News
Mozambique per capita GDP rises despite financial crisis.
Per capita gross domestic product (GDP) in Mozambique rose from US$301 in 2004 to US$356 in 2006 and $US473 in 2008, or by over 50 per cent in four years, the Mozambican government has said. Instead e...
Dar Es Salaam News
Global finance conference in Dar es Salaam.
Dar es Salaam is to host a global finance conference on 10-11 March under the title
Cairo News
Revenue from the Suez Canal fell sharply in the last quarter of 2008 due to a combination of piracy in the waters off Somalia and the global economic downturn. Income from the international waterway l...
