gas pipelines

Algeria’s revenue lifeline Sonatrach in a free fall

Algeria’s main source of revenue, oil and gas company Sonatrach, has seen troubles piling up as it struggles to juggle with historically low oil prices. The company, which accounts for more than 90% of Algeria’s exports, was dealt another blow with the cancelation of a supply contract with Spain’s Naturgy. Sonatrach will be obliged to […]

Morocco’s textile operators rejoice at amendment of Morocco-Turkey FTA

Moroccan textile operators lauded the government’s approval of the amendment of the FTA with Turkey saying such a move would help restore balance to the domestic market and save local industry and jobs. Morocco and Turkey agreed to reintroduce customs duty amounting to 90% on 1200 Turkish industrial goods to help curb the chronic deficit […]

Uganda: Entertainment players to be registered on tax identification list

Uganda Revenue Authority (URA) has directed persons earning an income from entertainment activities to get tax identification numbers, reports say. Per the directive, failure to obtain the tax identification number shall attract a fine of up to 3 million Shillings ($807.58) or imprisonment of six years or both if the failure is done intentionally or […]