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Tobacco firm gets temporary tax reprieve

The Kenya Revenue Authority has been stopped from collecting more than Sh400 million in taxes from a cigarette manufacturer.

Brikama vendors told to vacate

A multitude of vendors and shopkeepers at the old Brikama Car Park have been told to vacate. According to reports reaching the Daily Observer, the management of Brikama Area Council had asked the vendors to relocate to the former Brikama Craft Market; a move the market people fear would harm their businesses. Lama Jallow, a mobile telephone businessman, on Monday, informed the Daily Observer that the council had given him “only two day’s ultimatum to vacate” the place; failing which, he said,...

Gambia is Good Drive

Foreign owned companies with Gambian management In our relentless drive to create awareness about who is who among the Gambian youths within business circles, and to surface businesses and companies that we know so little about but are in our midst doing and contributing a great deal by way of taxes and taking up some social responsibility. I am even more impressed by the presence of some very shrewd young Gambians at the top of things. Many of these companies are mostly fronted by Gambians by...

TRIUMPHS AT BAC - Waa Juwara reveals

The leader of the opposition National Democratic Action Movement (NDAM), a nominated councillor of the Brikama Area Council (BAC), has disclosed that his council has registered with tangible improvements in both the revenue collection and social service delivery. Lamin Waa Juwara made these remarks in an exclusive interview with the Daily Observer at his Brikama residence. Juwara also acknowledged the commitment of the councillors to dealing with the welfare of the people. However, he stressed...

SOMALIA: Poor suffer most from currency woes

Hyperinflation andincreasing insecurity have forced Somali businessmen to demand payment in USdollars, creating difficulties for ordinary people with limited access to thegreenback, traders said. "We are demanding payment in US dollars because ithas become impossible to keep track of where the value of the Somali shillingwill be from one hour to the next," Liban Yusuf, a businessman in Bosasso,said. "Inflation is such that if a businessman sold goodsfor Somali shillings, half an hour later he...

BURKINA FASO: General strike over cost of living

Workers from the public and private sectors throughout the country launched a two-day strike on 8 April to protest high living costs and demand salary increases. In Ouagadougou, the capital, few shops were open. In Bobo-Dioulasso, the second largest city in the west of the country, the central market was closed. Police were out in force in front of banks and government offices. Health facilities provided only minimum services. Medical students and military medical personnel were summoned...

COTE D'IVOIRE: Government curbs prices after second day of confrontations

Cote d’Ivoire’s government has announced emergency measures to cut prices of food and basic services following protests against the cost of living, but demonstrators have warned they are ready to go back on to the streets as soon as prices creep up again. The government has promised to temporarily suspend taxes on staple goods including rice, oil, milk, flour, sugar and fish, in a statement released on 1 April. Francois Kablan, spokesperson for the Ivorian Consumers Association (ACCI) which...

GUINEA: End of fuel subsidy increases economic woes

The day after Guinea’s powerful trade unions put on hold a general strike aimed at pushing the government to improve living conditions, Guineans woke up to find the government had ended subsidies on diesel, gasoline and oil. The price of a litre of petrol rose by more than 60 percent, from US$0.99 to $1.62, overnight. The cost of fuel at pumps will now rise and fall in line with international petrol prices, within a 4 percent margin. “This [price] increase is the logical consequence of the...

MARKET BEAT

The second half of the introduction of the pin I wish the GRA listens as they have proven to be very dynamic in their approach to taxes. We need these taxes and we must all lend a hand to GRA to do us a favour and get the taxing system vibrant and make sure all persons and all transactions in the country get government share. Meaning, everyone plying a trade, trading and working in the Gambia should pay tax and every transaction must also be taxed or its equivalent be given to government. The...

COTE D'IVOIRE: Graft continues despite reunification pledges

More than a year after Cote d’Ivoire’s government signed a peace deal and formed a joint government with rebels that had held the north of the country for five years, former rebels continue to levy taxes on trade and transport in the north and the government has not succeeded in bringing large parts of the country under its control. “The parallel and illegitimate system of taxes, [commercial and public vehicles] laissez-passer [to circulate in different rebel fiefdoms] and roadblocks...