The government is claiming Africa’s biggest pay-TV provider owes $4.4 billion in back taxes and should pay half of that while it challenges the case in court. Tax Fight | A dispute between Nigerian tax authorities and MultiChoice intensified this week, showcasing the risk international firms face as the continent’s largest economy tries to bolster revenue collections. His election win has been a boost for bond investors and the nation’s currency is the world’s best performer in August. New Start | In his first speech as Zambian president, Hakainde Hichilema pledged to lift economic growth and restore the nation’s financial credibility. The businessman and cattle rancher who turned to politics in 2006 takes over an economy buckling under record levels of external debt that led to Zambia becoming Africa’s first pandemic-era sovereign defaulter. The race is far from decided, but Ruto is once again on track. Still, with Kenyatta and Odinga losing their trump card - the offer of executive positions to smaller political groups - Ruto can build his own political formation. While that may strike a chord in a nation where the top positions have been closely guarded by a small ruling class, Ruto himself is one of the country’s richest people. Kenyatta is the son of the former British colony’s first president and Odinga is the offspring of the first vice president. Ruto lauded the ruling as a win for the ordinary Kenyan against the elite. While Kenyatta can’t run again, he could have had more influence over the choice of his successor - most likely Odinga.
Kenyatta and Odinga argue that the proposals, if implemented, would end the ethnic violence that’s plagued Kenyan politics for decades, by sharing ruling positions more equitably.
0 kommentar(er)
