Search Results for: Uganda

THE EVER-intensifying skyline of Nairobi, Kenya’s capital city, illustrates the rapid economic growth of this equatorial East African country, and its growing workforce is increasingly keen to buy deodorants to keep them dry and comfortable in the office and outside.

An increased focus on banking, industry, manufacturing and construction have raised the country’s gross domestic product (GDP) by 5.3% year-on-year in 2014 and 5.6% in 2015 (Deloitte Economic Outlook 2016).…

Demand is growing for a major international programme designed to support developing countries build up their tax audit capacity and – critically – the funding is there to meet that need. Launched as a joint initiative of the Organisation for Economic Co-operation & Development (OECD) and the United Nations Development Programme (UNDP) in July 2015 after an initial pilot phase, Tax Inspectors Without Borders (TIWB) sees tax experts work side-by-side with local officials in developing and emerging markets.…

GOVERNMENTS in east Africa may have been passing legislation and regulation to control the tobacco sector, but these laws’ effectiveness is being weakened by lax implementation.

Kenya has been leading the local pack with controls, in 2007 enacted its first Tobacco Control Act, and in 2014 ratifying the World Health Organization Framework Convention on Tobacco Control (WHO-FCTC).…

WITH the economies of sub-Saharan Africa emerging from past poverty, informality and occasional chaos, the regularisation of the region’s public sector accounts is increasingly viewed as an important way of ensuring growing tax revenues are spent wisely.

As a result, accounting experts have been encouraged by growing moves to adopt International Public Sector Accounting Standards (IPSAS).…

THE EUROPEAN Commission must propose a new blacklist of non-European Union (EU) countries considered high-risk money laundering locations, after the full European Parliament (EP) overwhelmingly a proposed list yesterday (May 17), by 392 votes to 80, with 207 abstentions.

A Parliament spokesperson told Money Laundering Bulletin the Commission had no deadline to produce its third list of countries needing to face stricter controls doing business in the EU, but was expected to do so in the next “few months”.…

The European Parliament’s committee on economic and monetary affairs (ECON) and its committee on civil liberties, justice and home affairs (LIBE) have rejected a proposed blacklist of non-European Union (EU) jurisdictions deemed to be high risk locations for money laundering. In a joint vote on Wednesday (May 3), the committees asked the full European Parliament plenary to confirm their opposition to the list.…

KENYA’S EDUCATION MINISTER CALLS FOR LESS GOVERNMENT MEDDLING IN AFRICAN UNIVERSITY MANAGEMENT

Kenya’s education minister has called for African governments to pull away from direct management of their country’s universities, saying such meddling is unnecessary and can hinder the development of effective management.…

Speaking to University World News, Mr Jimale recalled how he graduated from SNU faculty of veterinary in 1983, then becoming a lecturer in the same department, in the years before the 1991 collapse of the Somali government in the midst of civil war.…

Professor Mohamed Ahmed Jimale, Rector of the Somali National University (SNU), hopes his work will enable poorer Somalis to attain the kind of education that launched him on his career.

Speaking to University World News, Mr Jimale recalled how he graduated from SNU faculty of veterinary in 1983, then becoming a lecturer in the same department, in the years before the 1991 collapse of the Somali government in the midst of civil war.…

KENYA has long been regarded as east Africa’s economic powerhouse, with residential and industrial construction boosting sales of paints and coatings – and for now there seems to be no halt in this progress. Indeed, the last World Bank assessment of growth in this 45 million people country was that GDP rose by 5.6% in 2015.…