MISHCON INTERNATIONAL: Africa
Africa. The oldest inhabited territory on Earth which, today, is home to over 1.2 billion people. Read more
Resource-based economies are prone to achieve unstable GDP (Gross Domestic Product) output primarily due to global commodity price fluctuations. A decrease in the global trading price of a commodity item leads to a reduction in the income earned by the exporting nation and a deterioration of the national current account.
In this episode we meet Somalian Ismail Ahmed who founded online money transfer service WorldRemit after blowing the whistle on alleged corruption in the UN Development Programme in Somalia.
The fight is on to attract business away from London. But what should banks be thinking about when deciding where to move?
Summer feels like it is already here. Given the upcoming electoral calendar the political temperature will also likely rise.
The Finance Act 2016 introduced a provision in the Tax Procedures Act No. 29 of 2015 (the TPA) the purpose of which was to provide an amnesty to tax payers who earn taxable income from foreign source. The Amnesty provisions came into force on 1 January 2017.
Recent media reports suggest that the Communications Authority of Kenya intends to roll out an application capable of tapping into a mobile carrier’s network enabling the Authority to access personal information from people using that carrier’s network.
Through Q4 Ethiopia has seen deterioration of its foreign exchange reserves and a climbing inflation rate - both undermining its position as Africa’s growth poster boy.
In a bid to leapfrog the traditional steps to development a number of West African economies are developing ‘Smart City’ solutions in major urban areas. One such solution, the establishment of new satellite cities, is yielding mixed results in the region.