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Tag Archives: wealth

Zimbabwe mulls wealth tax targeting the rich

Harare, Zimbabwe | Xinhua |  Zimbabwe’s Minister of Finance, Economic Development and Investment Promotion Mthuli Ncube on Thursday proposed a “wealth tax” that targets the country’s super-rich with an intention to use the funds earned from the new measure to upgrade urban infrastructure. Presenting the 2024 national budget statement to …

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Uganda set for 12th Mineral Wealth Conference

Kampala, Uganda | THE INDEPENDENT | The 12th Annual Mineral Wealth Conference is set to take place from October 30-31 at Kampala Serena Hotel. This year’s conference is being held under the theme; “Creating a Viable and Feasible Roadmap for Uganda’s Mineral Sector to Contribute to Economic Transformation.” Organized by …

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Soldiers to declare wealth through CMI

Kampala, Uganda | THE INDEPENDENT | The Inspector of Government (IGG), Beti Kamya, announced that a new portal is being created where soldiers will declare their wealth through the Chieftaincy of Military Intelligence (CMI). This came after President Museveni warned against the open declaration of soldiers’ wealth through the IG, citing …

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2023 Africa Wealth Report

It reveals ‘Big 5’ account for 56% of the continent’s millionaires Kampala, Uganda | AGENCIES | The total investable wealth currently held on the African continent amounts to USD 2.4 trillion and its millionaire population is expected to rise by 42% over the next 10 years, according to the latest 2023 …

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Why gov’t 8 year initiatives failed to reduce poverty: Report

Kampala, Uganda | THE INDEPENDENT | Government initiatives put in place over the last 10 years to reduce poverty or create wealth have had mixed returns either due to mismanagement or under-funding, according to a new report on Uganda’s poverty levels. The 2021 Poverty Status Report examines poverty trends and dynamics …

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Bank of Namibia to check politically connected people’s wealth

Windhoek, Namibia | Xinhua | The Bank of Namibia, the central bank, said Thursday that it will conduct checks on politically connected people’s wealth and businesses to avoid conflicts of interest. The bank released Thursday the revised Determination on the Appointment, Duties, and Responsibilities of Directors, Principal Officers, and Executive …

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