Search Results for: Kenya

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.…

KENYA is east Africa’s economic dynamo and what happens in this jurisdiction has a lot of influence over government policy in neighbouring countries. So, the fact that the Kenyan government is now pushing hard on installing detailed public accounting standards, following in the footsteps of next-door Tanzania – is important.…

Slowly, a central government is re-establishing itself in Somalia. But it is far from being a safe place in which to do business. Even though other sectors (such as livestock) are establishing themselves, the tobacco sector still lacks a functional regulator and effective regulation.…

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).…

MOROCCO is becoming an increasingly attractive destination for African students seeking to study abroad, and is now their second most popular destination on the continent, following South Africa. According to the latest statistics published by Morocco’s ministry of higher education, training and research, more than 18,000 African foreign students are currently enrolled in higher institutions in Morocco.…

THE MIDDLE East and Africa is certainly a promising regional market for nonwovens manufacturers, given the high level of economic growth in many countries and the rise of consumer-culture focused middle classes. But companies need to be sophisticated in their investment and sales tactics given the immense variety of economic and social fortunes experienced by countries in this most diverse region.…

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.…

The oil and gas industry is reshaping its strategies, practices and values as it responds to global agreements on climate change and sustainable development. The 2015 United Nations Paris Agreement on climate change and the UN Sustainable Development Goals (SDGs) – which came into effect in January 2016 – are prominent among global governance challenges driving change in the oil and gas industry, but pressure just keeps building.…

With the value of Bitcoin skyrocketing over the past year, up from USD525 per Bitcoin last August to USD1,200 in mid-April, with one unit now being able to buy an ounce of gold, finding ways to efficiently regulate decentralised and independent virtual currencies (VCs) has become a top priority among governments and regulators worldwide.…