US Congress votes to renew textile trade act with Africa
The US Congress has voted to renew the African Growth and Opportunity Act (AGOA) and extend it by three years, just two months before its was set to expire
Finance
ZRA enters second phase of US$15.4 million project
The Zambia Revenue Authority (ZRA) has signed a Memorandum of Understanding with the Investment Climate Facility (ICF) for Africa, with the intention to modernise the authoritys operations
"Multinationals causing illegal money flow out of Africa" says Mbeki
Former South African President Thabo Mbeki. (Image source: www.gov.za)
Former South African President Thabo Mbeki said multinational corporations were responsible for much of the illegal flow of money out of Africa
Barrick Gold considers sale of African stake
African Barrick has performed poorly since being spun off from its Canadian parent in 2010. (Image source: africanbarrickgold.com)
Canadian mining group Barrick Gold has confirmed that it has been in discussions to sell a 74 per cent stake in African Barrick Gold to a Chinese company
Tanzania revenue body asks traders to use fiscal machines
The Tanzania Revenue Authority (TRA) has urged traders in Arusha region to use Electronic Fiscal Machines (EFC) for ensuring apt assessment of annual taxes
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