Category: Business

By Albert Halwampa The Government recently introduced a new mining tax regime in the 2015 national budget and the reverberations of this decision are still being felt as various  Taxing mines is a daunting task By Albert Halwampa stakeholders express their reactions. For instance, the Chamber of Mines has warned that the new regime is likely to hit INVESTMENT. One of the major mining companies, Barrick GOLD, has also warned of the possibility of suspending operations if parliament approves the new tax measures. Barrick claims that the $45million tax they currently pay annually will increase to approximately $150 million. In general, it has...

PRESS RELEASE LuWSI Officially Launched Private sector, public sector, civil society, academic and international partners urged to synergise interventions and join hands together with Government to find solutions to alleviate the rapid drop of waters levels in Lusaka LuWSI to strengthen multi-stakeholder collaboration to safeguard Lusaka’s water resources while enhancing the sustainable and timely access to water and sanitation for all Memorandum of Understanding (MOU) Signing Ceremony between 16 partners and LuWSI Lusaka, 09 December 2016 – The Permanent Secretary of the Ministry of Water, Sanitation and Environmental Protection, Bishop Edward Chomba, is pleased that the collaborative nature of the...

The ETF will be invested in both government and corporate bonds, and will initially be listed on the Stock Exchange of Mauritius PORT LOUIS, Mauritius, December 9, 2016/ — The African Development Bank (AfDB) (www.AfDB.org) has appointed MCB Investment Management (MCBIM) (www.MCBCapitalMarkets.mu), a subsidiary of MCB Capital Markets, as Fund Manager for its first multi-jurisdictional Fixed Income Exchange Traded Fund (ETF) in Africa. The Board of Directors of the AfDB has also approved a seed equity capital investment of USD 25 million for the ADBF. The primary objective of the African Domestic Bond ETF (ADBF) is to encourage bond issuance...