Zimbabwe miners say costs, power shortages dampen 2023 growth prospects

HARARE, Reuters – Zimbabwe’s miners face rising costs and persistent electricity shortages which will impact the sector’s growth prospects next year, an industry body said on Wednesday. The southern African country has pinned hopes on the mining sector to drive its economic recovery after years of decline blamed on the government’s forced seizure of white-owned…

Uganda eyes $1.3mln VAT collection from social media, streaming sites

By Staff Writer Uganda Revenue Authority (URA) is expecting to collect at least 5 billion shillings ($1.32 million) from the new value-added tax (VAT) from social media, streaming sites and other internet-based tech giants, The Monitor newspaper said. Sarah Chelangat, URA domestic taxes commissioner, said VAT on digital services aims to level the playing field between local service providers that already charge VAT while foreign tech giants were not…

Global leaders have a climate credibility problem – former U.S. Vice President Al Gore

William James, Reuters News SHARM EL-SHEIKH – Global leaders have a credibility problem when it comes to climate change, former U.S. Vice President Al Gore told the COP27 climate conference on Monday, criticising developed nations’ pursuit of gas resources in Africa. “We have a credibility problem all of us: We’re talking and we’re starting to act,…