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Tax breaks could spur economic growth in South Africa

South Africa’s economic woes have impacted the SA Revenue Services (Sars), who are finding it difficult to meet its targets for the collection of tax revenue. With little prospect of collecting what is needed by the state for the delivery of services to South African citizens, the prospects for the country’s future look bleak The […]

Africa and Gulf Bank’s Acquisition Of First Abu Dhabi Bank’s Sudan Business

Hogan Lovells advised the buyer. First Abu Dhabi Bank has signed an agreement to sell its FAB Sudan business to Africa and Gulf Bank (AGB), a newly licensed bank in Sudan. The sale includes the transfer of all the assets, liabilities and employees of FAB Sudan and follows a strategic review of business activities at […]

Africa’s free-trade area needs business support to take off

AfCFTA will put in place the building blocks for an environment that is conducive to growth and investment. The African Continental Free Trade Area (AfCFTA) is the subject of much excitement and debate. All but one of the 55 countries making up the continent have signed the agreement, which has been drawn up to create […]

Kenya among countries with lowest internet costs in Africa

East Africa’s internet data charges are among the cheapest in Africa, according to a report released by technology think tank, Research ICT Africa. The report, 1GB Basket Statistics, compares different prices for 1GB of daily mobile internet data in 45 out of Africa’s 53 nations, by taking into account the mean charges of the total […]

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