Africa – Sector.Africa

Why Nigeria must invest in digital technology – El Rufai

June 3, 2020June 3, 2020 Sector.Africa AdministratorAfrica, Business, COVID-19, Digital technology, Federal ministers of Nigeria, Government, Infrastructure, Kaduna, Kaduna State, MIT, Nasir Ahmad el-Rufai, NIgerian, Opinion, Pandemic, Poverty, States of Nigeria

If Nigeria is to join the richer countries of the world, she must invest aggressively in technology, improve local production, and cut cost of governance. These were some of the opinions presented by experts during a virtual colloquium tagged Government Unusual: Innovative Economic Solutions to Unlock Mass Prosperity held on Saturday afternoon. While making a presentation at the Rauf Aregbesola colloquium, Governor Nasir El Rufai noted that investment in digital technology must become a priority if Africa hoped to join the league of developed countries. He said, “Investing aggressively in…

Financial Services Management

Uganda Revenue Authority wins UGX103 billion tax cases

June 3, 2020June 3, 2020 Sector.Africa AdministratorAfrica, Economy of Uganda, ER, MIT, MTN Uganda, National Social Security Fund, Revenue services, Telecommunications, Uganda Revenue Authority, Value-added tax, who

Uganda Revenue Authority has in the last 3 months, won twelve tax suits worth UGX102,841,980,995 in the Tax Appeals Tribunal. The rulings that were made between March and May 2020 mostly pertain to Value Added Tax (VAT), Excise Duty, Withholding Tax and Income Tax. URA also won a High Court case filed against it by Fuelex Uganda Limited claiming that URA had caused the loss of 76,000 litres of assorted fuel as well as UGX164,245,100 and Kshs. 500,000 in cash when the revenue body raided and took over Fuelex Nalukolongo…

Education Management

Northerners with no education are the ones ruling Nigeria – Afenifere leader, Okunrounmu

June 3, 2020June 3, 2020 Sector.Africa AdministratorAfenifere, Africa, Continents, Ethnic groups in Nigeria, Ogun State, Yoruba people

A leader of Afenifere, Senator Femi Okurounmu, has said that Nigeria is being ruled by Northerners, whom he described as having almost little or no education. Okurounmu, while speaking on the nation’s 21 years of uninterrupted democracy, expressed displeasure that many Southern youths who graduated from the university with good grades are roaming the streets with no jobs, saying Northerners are the ones getting employed. “In terms of development, Nigeria has been going very slippery downhill since 1999. Poverty has been increasing at an alarming rate. The level of youth…

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COVID-19: 3 aircrafts from Philippines and Namibia land at Mugabe Airport bring 223 returning Zimbos

June 3, 2020 Sector.Africa AdministratorAfrica, Airport, Business, care, COVID-19, ER, Government, Health, hospital, Pandemic, Prevention, Quarantine, Test, Testing, who, Zimbabwe0 comment

3 flights from the Philippines and Namibia brought 223 returning citizens and residents into Zimbabwe over the weekend, with all now in official quarantine at 2 hotels functioning as private quarantine centres. The 182 who flew into Harare from Walvis Bay, Namibia, began 2 flights, one with 100 travelers and the other with 82, having been transferred from a cruise ship that sailed from Florida in the United States where the returning group had assembled. Forty-one from the Philippines returned on a chartered Air Zimbabwe B767-200 ER which likewise brought…

Oil and Gas

How oil companies evade over N258b gas flare penalty yearly in Nigeria

June 3, 2020June 3, 2020 Sector.Africa AdministratorAfrica, Associated petroleum gas, Companies, Countries, COVID-19, Fuel gas, Fuels, Gas flare, Government, Money, Natural gas, Nigerian National Petroleum Corporation, Oil companies, Oil refining, Petroleum, Petroleum industry in Nigeria, Price of oil

There are indications that oil companies operating in the country may be evading gas flare penalty, and this development has led the country to losing as much as N258b yearly, which would have accrued after a review of fiscal penalty, fine of $3.50 per 1, 000 standard cubic feet (scf) of gas flared. This development is fueled by growing under-reporting of flared gas across fields, as evidenced by discrepancies in figures reported by different agencies and independent bodies, which are monitoring the menace in the Niger Delta. Facility for Oil…