• LUNGU INSIST ON DIVORCING KCM Partners Guide Zambia

    Like I said it is a process which starts with the desire and will and so there is no question about our resolve to divorce with KCM and we have filed that notification<" Lungu said. Lungu said there will be a Cabinet meeting today to discuss salient issues arising from his Copperbelt visit.

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  • IMF Tanzania Economy Review GDP Growth Strong Budget

    January 20 2020 3 Mining Companies Enter into Dispute with the Tanzanian Search for Home Tanzania Economy IMF Tanzania Economy Review GDP Growth Strong Budget Spending Needed TOPICS which would help budget implementation and advised the authorities to resolve the outstanding issues that would allow it to secure a sovereign credit

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  • DRC Albert Yuma and Dan Gertler in complex Gécamines loan

    Jan 07 2020 · The case is being taken seriously at the highest echelons of government. In a statement made on national television on 27 December 2019 Félix Tshisekedi spoke of a "serious matter" and declared that he urged the courts "to do their job" to resolve the complex case involving considerable sums of money (€200m was cited) and the major mining company Gécamines a fully state-owned

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  • Vedanta urges govt to resolve retrospective tax issues

    Jan 14 2018 · Mining mogul Anil Agarwal-led Vedanta Ltd has asked the government to resolve retrospective tax issues to give comfort to foreign investors to invest in

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  • Botswana IMF Urges Botswana to Start Consolidating in

    The International Monetary Fund (IMF) has urged Botswana to start a fiscal consolidation programme in 2020 to reduce the budget deficit and contribute to a gradual rebuilding of its buffers.

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  • Zambia IMF cuts Zambia s GDP forecast to 2 from 2.3

    Aug 03 2019 · IMF cuts Zambia s GDP forecast to 2 from 2.3 hence the conclusion by the IMF that mining companies are operating under uncertain environment i.e continued deferment and/or postponement of

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  • Gemcanton advises govt to monitor regulate emerald black

    Dec 23 2018 · Mukuma said if the government was to collect more taxes there was need for it to resolve or address the problems that mining companies were facing. And Mukuma urged the government to re-look at the new sales tax as it was likely to cause unemployment in mining companies. He said the sales tax would negatively impact on the production of

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  • Botswana Business Taxation and Offshore Information

    Botswana Business Taxation and Offshore Information Botswana is a Sub-Saharan Success . . . Botswana independent since 1966 has had high growth rates due to its diamond mining industry coupled with sound economic management.

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  • Zimbabwe Challenges and Policy Options after

    ZIMBABWE CHALLENGES AND POLICY OPTIONS AFTER HYPERINFLATION 4 exchange trading takes place in U.S. dollars the payments systems operate in U.S. dollars and the banking system and the Reserve Bank of Zimbabwe (RBZ) maintain accounting in U.S. dollars. In cash transactions the U.S.

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  • Copper Glencore send Zambian kwacha into freefall

    Sep 28 2015 · By Chris Mfula and Karin Strohecker. LUSAKA/LONDON (Reuters)Zambia s kwacha went into freefall on Monday hit by a worsening outlook for key export copper as the metal s price hit a one-month low amid fears that mining giant Glencore might further rein in

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  • Are Zambians about to get their dues from foreign miners

    Jun 18 2012 · Are Zambians about to get their dues from foreign miners in its report Debunking the government s case for low mining taxation in Zambia. a Zambian Professor of International Economics suggest that the government should not only introduce a better tax regime but also ensure mining companies do not engage in profit transfers.

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  • Zambia may cut mining taxes Miningreview

    Jan 21 2009 · project in Zambia Lusaka Zambia --- MININGREVIEW --- 21 January 2009The government of Zambia is considering the possibility of cutting mining taxesa step which has been advocated by foreign investors in the country s struggling mining industry but opposed by the International Monetary Fund (IMF).

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  • GIZ/ German Energy Solutions Initiative and THEnergy

    GIZ/ German Energy Solutions Initiative and THEnergy Power crisis and additional challenges such as falling copper prices in the world market and changing tax policies in Zambia. More and more mining companies public think about closing down their mines in Zambia. according to the International Monetary Fund.11 Table 3 Power

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  • ZambiaWikipedia

    Zambia (/ ˈ z æ m b i ə /) officially the Republic of Zambia is a landlocked country in south-central Africa (although some sources consider it part of East Africa) s neighbors are the Democratic Republic of the Congo to the north Tanzania to the north-east Malawi to the east Mozambique to the southeast Zimbabwe and Botswana to the south Namibia to the southwest and Angola to the

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  • IMF cuts Zambia s 2014 growth prospects to 5.5 urges

    Dec 19 2014 · IMF cuts Zambia s 2014 growth prospects to 5.5 urges Govt to quickly resolve VAT payment impasse. IMF has always led Zambia into deep problems in the past and now they are at it

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  • Zambia expresses its willingness to engage in dialogue

    The mining association said this week that some companies had cancelled expansion plans for tax increases and that copper production in Zambia was likely to fall. The tax increase is part of a government effort to reduce the fiscal deficit as a share of gross domestic product (gdp) from 7.4 per cent this year to 6.5 per cent in 2019.

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  • How tax policy can boost economic growth

    How tax policy can boost economic growth . Save article. But rulings can be an important part of how a company delivers tax certainty. In light of the latest developments we have to regain trust between the companies concerned and the tax authorities through strengthening this relevant instrument." but over the last three years

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  • IMF urges Botswana to start consolidating in 2020The

    THE International Monetary Fund has urged Botswana to start a fiscal consolidation programme in 2020 to reduce the budget deficit and contribute to a gradual rebuilding of its buffers.

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  • The Nation OnlineTop Malawi Breaking News Headlines

    The Reserve Bank of Malawi (RBM) has maintained the policy rate at 13.5 percent a move done in view of medium-term inflation outlook. RBM Governor Dalitso Kabambe announced this on today after a two-day meeting of the Monetary Policy Committee (MPC).

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  • First Quantum confirms 7.9bn Zambian tax MINING

    Mar 20 2018 · (Bloomberg) — First Quantum Minerals Ltd. plunged the most in almost two years as the miner was hit with a 7.9 billion tax bill by Zambia which accounts for 84 percent of its revenue.

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  • International Monetary FundHomepage

    IMF Home page with links to News About the IMF Fund Rates IMF Publications What s New Standards and Codes Country Information and featured topics

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  • Presentation on mining communities and sustainable

    Regarding windfall taxes many mining companies are unwilling to share the rents of mining activity with governments by pushing for windfall tax rate be reduced from 25 12.5 and the variable profit of 15 to be abolished as was the case with the Zambian government in April 2008 when it amended it mining tax laws.

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  • Botswana NewsBusiness Taxation OffshoreTax-News

    IMF Urges Botswana To Strengthen Tax Collection by Robert Lee Tax-News London Wednesday August 9 2017. The Government of Botswana should seek to strengthen its revenue base amid volatile revenue flows from the diamond mining sector and the South African Customs Union the International Monetary Fund has said.Read Full Story

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  • Somalia IMF Urges Somalia to Sustain Reform Momentum

    The International Monetary Fund (IMF) on Monday urged the Somali government to sustain reform momentum to help long-term recovery and growth objectives. IMF Urges Somalia to Sustain Reform

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  • Botswana Business Taxation and Offshore Information

    Botswana Business Taxation and Offshore Information Botswana is a Sub-Saharan Success . . . Botswana independent since 1966 has had high growth rates due to its diamond mining industry coupled with sound economic management.

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  • Ghana s cedi Zambia s kwacha worst African currencies in 2014

    Dec 31 2014 · Ghana s cedi and Zambia s kwacha are set to end 2014 as the worst performing African currencies among a small basket that are relatively liquid as

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  • ThE FINANcIAl AND EcONOmIc crISIS

    domestic problems. This collection of papers puts the South on centre stage. It examines how the countries of the South were affected by the global economic and financial crisis and how they responded what lessons the South could learn and what policy agenda needs to be pushed forward to

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  • FQM High Taxes A Big Challenge To Mining In Zambia

    Oct 06 2017 · "Currently the taxes are too high and this is affecting production in the mining industry we need to get to a round table and see how best we can help one another of these issues Zambia needs a stable tax regime to help improve production in the mining industry" he said.

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  • Status Report on Follow-Up to the Reviews of the Enhanced

    Status Report on Follow-Up to the Reviews of the Enhanced Structural Adjustment Facility . I. Introduction. 1. On July 8 1998 the Executive Board concluded a series of discussions on the internal staff review and external evaluation of the Enhanced Structural Adjustment Facility (ESAF) and agreed on a number of proposals for strengthening the design and implementation of future ESAF

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  • SpeechIMF -- International Monetary Fund Home Page

    Introduction Globalization has become a major topic of discussion and concern in economic circles since the mid-1990s. It is clear that the trend toward more integrated world markets has opened a wide potential for greater growth and presents an unparalleled opportunity for developing countries to raise their living standards.

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  • IMF releases its statement on Zambia Zambian

    Resolute actions to contain the budget deficit resolve the mining tax disputes and foster policy coherence and stability would go a long way toward boosting investor confidence and unlocking the country s high growth potential. IMF staff remains committed to working with the authorities on these issues.

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  • Zambia IMF welcomes President Edgar Lungu s directive to

    Mar 31 2015 · And the Fund has welcomed President Edgar Lungu s directive calling for a review of the mining tax regime that came into effect this year saying it has had negative impact on the mining

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  • Ghana introduce More Taxes to Plug Revenue Shortfall

    Over the past two decades Ghana s tax ratio has remained around 13 per cent which is below sub-Saharan Africa s average of 15 per cent. With the government targeting to raise the tax output to 18

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  • As commodities roar Africa wants bigger slice of mining

    Mar 22 2018 · Zambia s President Edgar Lungu has urged First Quantum and the tax authority to reach a swift resolution. In Congo economic growth has also slowed and

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  • Vedanta urges govt to resolve retrospective tax issues

    Jan 14 2018 · Mining mogul Anil Agarwal-led Vedanta Ltd has asked the government to resolve retrospective tax issues to give comfort to foreign investors to invest in

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  • Botswana Business Taxation and Offshore Information

    Botswana Business Taxation and Offshore Information Botswana is a Sub-Saharan Success . . . Botswana independent since 1966 has had high growth rates due to its diamond mining industry coupled with sound economic management.

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