Tag Archives | regulations
As technology becomes more and more pervasive, we are seeing an increased integration of mobile devices, sensors, applications and other data feeds into everyday life. With this comes an upsurge in the amount of data being collected and stored. Today’s C-level executives are facing unprecedented business demands. These range from operating in more countries, dealing with new regulations and increasing government oversight, to complex tax policies, cost reduction, increasing risks and customer centricity. This complexity is further compounded by complex systems and data management.
At the end of June 2013, the Zambian Government issued Statutory Instrument 55 of the Bank of Zambia (Monitoring of Balance of Payments) Regulations, 2013. The new SI 55 came into effect on the 1st of July 2013. The regulations are applicable to a number of parties including financial service providers licensed under the Banking and Financial services act, any importer of goods or services exceeding US$20 000, foreign investors and local investors who invest outside Zambia, to name a few.
Nigeria has substantial reserves of both oil and gas, even when compared on a global basis. It accounts for around 95% of export receipts, around 15% of GDP and over 80% of fiscal revenue. As a result, the Nigerian economy is left vulnerable to oil price or crude production volatility.
KPMG Angola works with some of the most prominent companies, both private and public, in every relevant economic sector, providing auditing, tax, accounting, business advisory, financial advisory and IT advisory services. KPMG Angola’s main assets are its people, in-depth experience and reputation and the firm is committed in contributing to Angola’s economic and social development, through its services, its focus on people and development of knowledge, and commitment to the communities.
The Bank of Zambia has recently issued new banking regulations in the form of Statutory Instruments 32 and 35 of 2013. The regulations deal mostly with the monitoring of foreign exchange dealings i.e. inflows and outflows in Zambia by the Bank of Zambia.
Foreign Direct Investment (FDI) into Africa is on a path of continuous growth according to the Africa Emergence: Rise of the Phoenix report. Growth in the region, to date, has been referred to as only the “tip of the proverbial iceberg”. Our own Yunus Suleman added that the continent has much more to offer, and that Africa is set to hold its title as one of the largest FDI destinations and one of the fastest-growing economies.
Diversifying Africa’s resource-dependent economies and speeding up the infrastructure development so vital to its future will be two of the main topics at this week’s World Economic Forum (WEF) on Africa. This week’s event carries the theme “Delivering on Africa’s Promise”.
The Africa Enterprise Challenge Fund has challenged private businesses to do just that. Its Renewable Energy and Adaptation to Climate Change Technologies (REACT) funding window calls for businesses to propose and test out innovative models …
Deepening social, economic and environmental challenges over the last two decades mean that sustainability issues are increasingly prominent in global business. sustainability trends predicted to play out over the next 20 years paint a picture of resource constraints, increasing regulation, shifting competitive landscapes, changes in market size and shifting consumer preferences.