Problems in the United Kingdom
The International Monetary Fund (IMF) is urging the United Kingdom to stabilize its national debt levels through either tax increases or budget cuts. The IMF has cautioned London against introducing…
🇳🇬⚖️ Binance financial crime compliance head is denied bail in Nigeria for alleged money laundering charges
A Nigerian court explained that Tigran Gambaryan was likely to flee the country. “The fact that the passport of the defendant is with the complainant does not guarantee that he…
🇨🇮🍫 Cote d’Ivoire cocoa regulator puts a halt to cooperatives stockpiling beans for sale at higher prices
“We were forced to react vigorously and suspend around 40 cooperatives and buyers to put an end to this practice, which is destabilizing the domestic marketing system and putting some…
China’s Selling of Treasury and US Agency Debt Rises to Record
China sells record amount of U.S. Government debt to move away from dollar following Russia’s reserve seizure. The share of gold in China’s reserves hits highest level since 2015.
🇹🇿 Tanzania considers introducing single-payment tax system to improve business environment
This initiative aims to address the current tax system where businesses face multiple payments to different government institutions, including the Tanzania Revenue Authority (TRA) and local councils, a practice that…
🇬🇭 Ghana to become the first African government to use blockchain technology to combat corruption
Blockchain technology can identify and detect any changes in digital data to track governmental transactions. Implementing this measure will enhance transparency and empower the government to eradicate corruption, the country’s…