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By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- ZIMBABWE, Professor Mthuli Ncube, Finance Minister of Zimbabwe laments on 2 % tax transaction. This was a result of concerns raised by business leaders to nullify the tax that they claim is increasing the cost of doing business. Among those disputing the introduction of the tax is Combined Harare Residents’ Association (CHRA).Director Mfundo Mlilo who made a court application in September this year challenging the SI 205-2018. Professor Mthuli Ncube declares that, the 2 %Intermediated Money Transfer Tax on transactions will continue for much longer as it covers for tax defaulters. Industrial lobby groups among them – the Confederation of the Zimbabwe Industries and the Zimbabwe National Chamber of Commerce,...

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- Heads of state, 17 ministers, high-ranking government officials and prominent business leaders from Africa have confirmed their participation for the fifth edition of the Global Business Forum Africa (GBF Africa), which takes place November 18-19, 2019 in Dubai. The President of Liberia – His Excellency George Weah, President of Seychelle – His Excellency Danny Faure plus seventeen cabinet ministers from Sierra Leone, Ghana, Namibia, Kenya, Zambia, Zimbabwe, Angola, Senegal, Uganda, Malawi, Congo, Tanzania, Niger and Liberia. The GBF Africa is scheduled for 18th November, 2019 in Dubai. In respect of this, senior public and private sector persons with legitimate interests in given it best to the GBF...

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- The entirety land, and all the built structures of Jake Memorial Baptist College Monrovia, has been leased by the administration of the college for $ 250,000,000 to a private institution thus ‘increasing threat from sea season’ authorities said. Reverend John K. Sackie -the President of the Jake Memorial Baptist College said this, while giving a brief summary of the lease agreement and a new campus during recent graduation exercises on the Old Road. Rev. Sackie who did not disclose the name of the leaser, however said; since 2016 the college so it Board of Directors and leadership have been discussing possibility of leasing the current college property, was eventually leased to a private company for $...

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone-  Recently, Bank of Tanzania (BOT) Monthly Economic Review discovers in this year, gold exports moved upwards by +25.1% to $ 1,915.3 million, and sustained advance by large number of more than half of non-traditional exports that accounted for it. The importance of non-traditional exports was $ 3,904.2 million upon completion of August 2019 compared with $ 3,257.5 million in the structuring period in 2018, hugely driven by minerals with particularity of gold and manufactured goods. Increasingly, the export of manufacturing goods evidenced clearly in manufactured coffee, yarn and twine, iron, steel, and fertilizers. Services that gives to $ 3,916.3 million in the year ending August 2019 compared with $ 3,887.4...