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The National Assembly of Kenya has approved Sh405 billion for county governments in the 2025/26 financial year, as part of the Budget Policy Statement. Key allocations include Sh69.8 billion for …
Kenya’s Parliament Approves Sh405 Billion Allocation for Counties in 2025/26 Read More
Finance Minister Enoch Godongwana has proposed increasing South Africa’s VAT rate from 15% to 16% by 2026, citing poor economic performance. This proposal has faced backlash from opposition leaders who …
Proposed VAT Increase Raises Concerns and Criticism in South Africa Read More
South Africa proposes a reduced VAT increase from 15%, raising it by 0.5% in May and another 0.5% in 2026. Opposition from the Democratic Alliance complicates support for the budget. …
South Africa’s Revised Budget Proposal Features Smaller VAT Hike Amidst Political Tensions Read More
South Africa’s Treasury has proposed a revised budget with a smaller VAT increase to resolve a political deadlock. The budget’s delay marks the first in 30 years. Meanwhile, trade tensions …
South Africa’s Budget Update: Smaller VAT Increase Proposed Amid Political Deadlock Read More
South Africa’s National Treasury is proposing a smaller VAT hike of 0.5 percentage points after initial opposition to a 2-point increase. Disputes within the ruling coalition remain, with the Democratic …
South Africa’s Revised Budget Proposes Smaller VAT Hike Amidst Political Disputes Read More
South Africa aims to remove luxury excise duty on smartphones under 2,500 rand to enhance digital access for low-income families. Effective April 1, 2025, this move seeks to increase smartphone …
South Africa Proposes Removal of Luxury Duty on Affordable Smartphones Read More
The Controller of Budget in Kenya, Margaret Nyakang’o, has raised alarms about funding shortfalls that jeopardize government oversight functions. Key operations, such as the automation of financial processes, remain unfunded …
Critical Oversight Functions at Risk Due to Funding Shortfalls in Kenya Read More
The PSC has released a notice regarding 205 clerical officers who failed the September 2024 proficiency exam, outlining the subjects they must retake. Notably, Human Resource Services was a common …
PSC Issues Notice Regarding Clerical Examination Results, 205 Candidates to Resit Read More
Luis Caputo, Argentina’s Economy Minister, dismissed claims that the IMF requires currency devaluation for a new loan. President Milei aims for a new agreement within two months, with legislative approval …
Argentina Denies IMF Demands for Currency Devaluation Amid Loan Negotiations Read More
Argentine President Javier Milei plans to issue an Emergency Decree to approve a new loan from the IMF, aimed at reducing public debt and improving Central Bank stability. Congressional approval …
Argentina’s President to Approve IMF Loan via Emergency Decree Read More