Category: Eastern Africa Wealthiest
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Ethiopia Faces Pressure to Devalue Currency for IMF Loan Approval
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Ethiopia finds itself at a critical juncture as it grapples with the looming necessity of a significant currency devaluation to secure vital financial assistance from the International Monetary Fund (IMF). The IMF recently concluded discussions with Ethiopian authorities without reaching an agreement, leaving the country in a precarious position. Struggling…
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Supreme Court’s landmark ruling resurrects Square Rock Ltd. in spite of its dissolution
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Mauritius has recently enacted several pieces of legislation that have widely affected the corporateand financial sectors. Christopher Peter Van Zyl & Ors, represented by Bowmans Mauritian office personnel, squared off against the Registrar of Companies in a major dispute before the Bankruptcy Division of the Supreme Court of Mauritius. This…
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Why doing business in Mauritius is a smart move?
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One of the African continent’s friendliest nations for business is Mauritius. With its stable political and economic environment, favorable tax regime, strategic location, and well-educated workforce, Mauritius can be an attractive destination for businesses looking to expand their operations. A thriving infrastructure, skilled labor, and more favorable regulatory environments, including…
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Authentic Mauritius taxation
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The concept of taxation dates back centuries and has evolved over time. In most modern societies, taxation is based on the principle of progressive taxation, where individuals with higher incomes are subject to higher tax rates. The specific methods and rates of taxation vary from country to country, but common…