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8 tax policies suffocating businesses — KPMG

An international tax consulting firm, KPMG, has identified eight different tax policies which are currently derailing the smooth running of businesses in the country. The policies include the decoupling of the GETFund and NHIL Levy from VAT, Luxury Vehicle Levy and the extension of National Fiscal Stabilisation Levy (NFSL). The …

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Bancassurance premiums collected by collapsed banks are safe – NIC

The National Insurance Commission (NIC) has given a firm assurance that Bancassurance policyholders’ funds with collapsed banks are safe. The Bancassurance concept which allows banks to sell insurance products and services to their clients has been met with some challenges due to the recent banking sector cleanup. The situation has …

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UMB releases statement on CEO resignation

Following the resignation of Universal Merchant Bank’s (UMB) CEO, John Awuah, the bank has released a statement regarding his departure. “The Board of UMB wishes to confirm that their CEO Mr. John Awuah after four successful years of dedication and commitment to the growth of UMB has moved on per …

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Board of Africa’s biggest fund manager quits

The Public Investment Corp.’s board of directors offered to resign amid an inquiry into allegations of wrongdoing. The move throws the South African fund manager of more than 2 trillion rand ($150 billion) deeper into crisis. The institution responsible for most South African government worker pension funds has been “destabilized” …

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