Exxon Mobil Corporation may be shedding its workforce in Africa and across its businesses globally following the historic decline in fuel demand occasioned by the coronavirus pandemic. The company’s businesses in Sub-Saharan Africa cuts across Nigeria, Angola, Chad, Cameroon Equatorial Guinea, Ghana, Mauritania, Mozambique and Tanzania. A spokesman for the[Read More…]
Cryptocurrency traders in South Africa have encouraged by Mazars, an accounting and tax consultancy firm to brace for potentially more rigorous taxation. The South African Revenue Service (SARS) has not yet released any specific legislation around the taxation of cryptocurrencies, besides that taxpayers need to include any realised gains as[Read More…]
Viffaconsult said M-Shwari and Fuliza are now the biggest lenders to Kenyan Small and Medium Enterprises (SMEs).
The intervention by the Central Bank of Nigeria (CBN) in the Investors and Exporters window has helped the naira rebound to N420/$ at the parallel market. As of Monday, August 31, the naira exchanged for N480 to the dollar at the parallel market but bounced back on Wednesday. The CBN[Read More…]