The Mozambican government intends to discourage the import of second hand vehicles, the government spokesperson, the Deputy Minister of Culture and Tourism, Ana Comoana, announced on Tuesday. Speaking to reporters at the end of the […]
Category: Tax
Tanzania orders wall built around tanzanite mines to end illegal trade
Tanzania’s president ordered the military on Wednesday to build walls around its tanzanite mines and directed the central bank to buy the precious stone to boost reserves – the latest twist in a spat with […]
Tanzanian tough talk is turning off investors
Tanzanian President John Magufuli’s deepening dispute with companies he accuses of being tax cheats is rattling investors and dimming the allure of one of Africa’s fastest-growing economies. Since taking office in late 2015, Magufuli has […]
Mining expected to drive Mozambique’s economic recovery
Mozambique’s economic growth is expected to recover slightly at a rate of 4.2% this year, supported almost exclusively by the mining sector, after reaching the lowest value in the last 15 years in 2016, according […]
Only 10 out of 2000 Tanzanian companies pay mining taxes
Tanzania is experiencing an increase in tanzanite revenue losses due to the unscrupulous trading and jewel smuggling in the country. Government however is moving to establish a tanzanite processing zone, which may prove to be […]
Mozambique sets sights on capital gains tax from ENI, Exxon deal
Mozambique will charge Italian energy company ENI $350 million in capital gains tax for its sale of a stake in the Coral South natural gas field to ExxonMobil, the nation’s finance minister said on local […]
