Uganda: Why Is Govt Borrowing?

Wakanda News Details

Uganda: Why Is Govt Borrowing?

[Monitor] The government will continue borrowing to bankroll what a minister says are flagship projects essential to spur the growth of Uganda's economy, presently hamstrung by Covid-19 disruptions, potentially worsening the debt situation.

Source: allAfrica.com

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Intensify war against endemic corruption

EDITORIAL: Intensify war against endemic corruption

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Source: Business Daily

IMF urges caution

WASHINGTON, DC, United States (CMC) — The director of the Western Hemisphere Department of the International Monetary Fund (IMF) Alejandro Werner said yesterday Latin America and the Caribbean have become the new coronavirus (COVID-19) global

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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com

Kenya Power issues profit alert as business declines

Kenya Power’s profit after tax for the 12-month period to June 30 this year is projected to decline to at least Ksh196.5 million ($1.96 million), from Ksh262 million ($2.62 million) last

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Source: The East African

Trinidad PM blasts ‘disrespectful’ T&T Chamber CEO

(Trinidad Guardian) Prime Minister Dr Keith Rowley yesterday launched a scathing attack on T&T Chamber of Industry and Commerce CEO Gabriel Faria, saying he had a “disrespectful mouth” and an “acid

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Source: Stabroek News - Guyana's Most Trusted Newspaper

GRA urges taxpayers to heed Sept deadline for returns - Stabroek News

The Guyana Revenue Authority is reminding accountants, tax preparers and the general public that the extended due date for the submission of Income Tax, Property Tax, Corporation Tax and Capital Gains Tax Returns for the Year of Assessment 2020 (Year of Income 2019) is Wednesday, September

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Source: Stabroek News - Guyana's Most Trusted Newspaper

Chancellor Sunak’s Budget 2021 sets path for recovery - African Voice Newspaper

Chancellor of the Exchequer Rishi Sunak in his Budget 2021 presented on Wednesday 3 March said his immediate priority continues to be supporting those hardest hit, with extensions to furlough, self-employed support, business grants, loans and VAT cuts, bringing total fiscal support to over £407

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Source: African Voice Newspaper - African news from a British perspective

Jamaican dancer Dr L'Antoinette Stines seeks US$150k in suit against Jay-Z, Beyonce

(Jamaica Observer) Jamaican choreographer Dr L’Antoinette Stines is seeking in excess of US$150,000 in her suit against entertainment mogul Shawn “Jay-Z” Carter and his pop music superstar wife

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Source: Stabroek News - Guyana's Most Trusted Newspaper

The Budgetary measures announced yesterday by President Ali include according to the Office of the President: - Stabroek News

1. Reversal of VAT on electricity and water 2. Removal of VAT and duties on machinery and equipment to allow for recapitalization. The article The Budgetary measures announced yesterday by President Ali include according to the Office of the President: appeared first on Stabroek News.

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Source: Stabroek News - Guyana's Most Trusted Newspaper

Income tax, corporate tax and VAT unlikely to rise, despite crisis - TechCentral

Finance minister Tito Mboweni said national treasury has no plans to boost income tax, corporate tax or VAT even as the coronavirus decimates the nation’s finances.

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Source: TechCentral

Receiving annuities from SA: Essential tax advice for SA expats

(Partner Content) As a taxpayer you want to ensure that you’re not unfairly taxed in two jurisdictions at the same time. Below we take a look how you can ensure your tax affairs in South Africa are in order.

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

PAHO chief urges Caribbean to prepare to manage COVID-19 for next two years

WASHINGTON, DC, United States (CMC) — Director of the Pan American Health Organisation, Dr Carissa F Etienne is urging Caribbean countries as well as those in the Americas to prepare to manage the coronavirus (COVID-19) pandemic closely for the next two

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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com

KQ State takeover set for take-off as Bill tabled

A Bill that will guide the sale of Kenya Airways (KQ) to the State was tabled in Parliament on Thursday, setting the stage for the buyout of minority shareholders at a premium and converting shares held by banks into Treasury

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Source: The East African

Kenya Scraps Personal and Corporate Covid-19 Tax Relief Amid Debt Default Risk

[East African] Kenya has terminated part of the tax relief measures extended to cushion households and businesses from the adverse impact of the Covid-19 in a desperate move to save an ailing economy closing in on a Ksh9 trillion ($90 billion) debt ceiling, with the risk of debt distress rising to

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Source: allAfrica.com

Rwanda MPs vote to give president more powers

Rwandan lawmakers have endorsed plans to give more powers to the president to create and disband public institutions and state-owned companies as the country seeks to improve efficiency and minimise

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Source: The East African

KABAARA: Budget messages that are hidden in plain sight

Whether or not national government ministries are in a similar state, this is a good time to ponder how much longer and further Kenya can go when taxes “chase” spending rather than the other way

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Source: Business Daily

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: The East African

Uganda: Will Budget Theme Meet Citizens' Expectations?

IMF indicates that the immediate fiscal policy response to the Covid-19 pandemic should account for the particular nature of the health crisis that the global economy faces, one that affects supply, demand, and confidence while being timely, temporary, and targeted across all levels of

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Source: allAfrica.com

Uganda: Government Spent Shs2.037 Trillion in March - Finance

[Monitor] The total government expenditure in the month of March 2021 stood at Shs2.037 trillion representing a performance of 83.2 per cent, which is below Shs2.448 trillion that the government had planned to spend in March 2021.

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Source: allAfrica.com

Hundreds not on PATH list get payouts

The auditor general urged the ministry to “review its systems to ensure that the controls in place to enforce the eligibility requirements for PATH beneficiaries are operating effectively to reduce the risk of irregular or erroneous

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Source: Jamaica Gleaner

China Harbour breaks ground for St Catherine housing scheme

THE Housing Agency of Jamaica (HAJ) on Wednesday officially broke ground for the 1,650-unit Catherine Estate housing project, to be developed in St Catherine, as a joint venture partnership with China Harbour Engineering Company (CHEC), a company known for building roads and

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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com

Tax on business transfers likely to stifle economy

One such change, introduced in the recently enacted Tax Laws Amendments Act, 2020, may adversely affect ongoing business transactions as well as prospective deals even after the Covid-19 crisis

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Source: Business Daily

RBA puts Posta Scheme under administration over Sh1bn benefits

The move by the Retirement Benefits Authority (RBA) effectively disbands the scheme’s board pending appointment of an administrator within a month.

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Source: Business Daily

Rwanda: National Budget - Economic Recovery to Take Lion's Share

The Government has said that it plans to spend the biggest share of the 2020/21 budget on activities that will boost the economy as part of a broader plan to respond to the impact of

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Source: allAfrica.com

Trump signs executive actions after stimulus talks break down on Capitol Hill | The Atlanta Voice

President Donald Trump tried to assert executive power by signing four actions on coronavirus relief Saturday, one of which will provide as much as $400 in enhanced unemployment benefits after Democrats and the White House were unable to reach an agreement on a stimulus bill this week. But that

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Source: The Atlanta Voice

MPs shield toll collections from public scrutiny

MPs shield toll collections from public scrutiny ahead of pay-for-use roads

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Source: Business Daily

Saturday operations for select tax offices

Tax Administration Jamaica (TAJ) says it will open select tax offices on Saturdays for the next few weeks to facilitate taxpayers as the end of the fiscal year draws closer. The participating offices are: * Montego Bay * Mandeville * St Andrew...

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Source: Jamaica Gleaner

Africa: Why African Countries Need Reliable Local Data On Sugary Drinks Taxes

[The Conversation Africa] Diets in sub-Saharan Africa are changing as more countries advance from low-income to middle-income status. People's eating habits are shifting from food rich in starchy staples, vegetables and fruits to a more westernised diet high in sugar, saturated fats and oils. This

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Source: allAfrica.com

Hamilton takes seat in Senate

ATTORNEY-AT-law Tova Hamilton yesterday took her seat on the Government benches in the Senate after taking the oath of

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Source: Jamaica Gleaner

700 PEP students to repeat

MORE than 700 students who were registered to take the Primary Exit Profile (PEP) exam this year stand to repeat grade six in the next school year which begins in

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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com

Election 2020: Your Cheat Sheet for 12 Propositions to Know About Before Nov. 3 (Part 2 of 3 Part Series) – Observer News Group

2020 is a big election year. With all eyes on the presidential race, Californians can’t afford to lose sight of our state and local elections. These decisions need the same amount of consideration being given to the big race. They are the ones with the most -- and the most immediate -- effects on

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Source: Observer News Group – Group Newspapers of Southern California

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