Search Results for: Zimbabwe

*EU member states have been given temporary permission to use so-called reverse charge mechanisms to collect VAT, involving shifting liability to pay from suppliers to customers, to fight fraud. The EU Council of Ministers has approved a directive allowing governments to reverse charge VAT on domestic supplies of goods and services above EUR17,500 per transaction until June 2022, when a country is losing 25% or more of VAT to carousel fraud.…

THE POLITICAL career of Zimbabwe’s longtime President Robert Mugabe may have been consigned to history last November (2017), when he was forced from power, but the patronage system and corruption of his 38-year rule in Zimbabwe continues to be felt, both on the streets and in boardrooms.…

CHINA’S State Tobacco Monopoly Administration (STMA) aims to between 2016 and 2020 double domestic sales of premium cigarettes whose retail prices exceed Chinese Yuan Renminbi CNY200/carton of 10 packs (USD29.10), or CNY20 per pack, (‘category one’ in Chinese language), compared to 2011-2015 sales.…

SUB-SAHARAN Africa may not have been the most fertile ground for technological innovation in the clothing, textile and fibre sectors but speakers at an International Textile Manufacturers Federation (ITMF) conference in Nairobi, Kenya, September 7-9, stressed the best way ahead.…

EDUCATIONALISTS have called upon Kenyan universities to include social justice and transformation in their teaching curriculum, to prepare graduates to serve their societies selflessly and diligently.

At a conference called ‘Touching Hearts, Teaching Minds and Transforming Lives’, staged at Tangaza University College, in the capital Nairobi, delegates were told Kenyan students are not fully prepared for the society they are expected work and serve within, upon graduation in the current system.…

Zimbabwe’s parliament has approved new mining legislation and measures that reform controls imposed under the ex-President Robert Mugabe, with the goal of boosting production and wooing investors. The liberalising measures dovetail with declarations from new President Emmerson Mnangagwa that the country – which has extensive lithium and chrome deposits – is now open for business.…

For the first time since Zimbabwe gained independence from Britain in 1980, the African country’s tobacco selling season opened on March 21 this year with long time ruler Robert Mugabe no longer in power.

Former President Mugabe resigned last November (2017), faced with impeachment proceedings from Zimbabwe’s lawmakers, with the country’s generals and his own ZANU-PF party having turned against him.…

A STALLED project to make and test aviation biofuel in South Africa has offered a test case on how supply chain problems can prevent such innovative initiatives from making progress.

The launch of Project Solaris in 2014 as an international initiative between aviation and fuel sector partners to develop sustainable jet biofuel from the solaris crop attracted substantial media coverage for heralding in a new era in African aviation.…

*A newly approved European Union (EU) directive on transparency requirements for tax intermediaries will insist that accountants designing or promoting aggressive tax planning schemes report them to national tax authorities. The requirements, approved by the EU Council of Ministers, apply from July 1, 2020, and member states will have to fine intermediaries, including lawyers and bankers, that fail to report.…

THE IMPORTANCE of Brazil as the world’s top supplier of internationally-traded tobacco leaf and manufactured products has been waning for the past decade, with India, notably, improving its position. New statistical analysis released by the World Trade Organisation (WTO) shows that this market share fall for Brazil also represented a decline in volume sales, given the global trade in tobacco leaf and products has shrunk since 2013 – until 2016, the year for which the latest data is available.…