AFDB-Vice-Pdt Beth Dunford- Morocco-

Morocco Exempts Newly Created Industrial Companies from Corporation Tax

Industrial companies created after June 2017 will be exempted from paying the corporation tax, authorities said. A decree was published in the official gazette stating that industrial enterprises will not have to pay the tax for five years after their creation as the government seeks to encourage industrial investments. The tax exemption is targeting enterprises […]

Two Spanish lawmakers charged in connection with corruption practices in Algeria

José de la Mata, a Spanish judge, has launched a probe against two former politicians accused of criminal activities including bribing in foreign countries, Algeria in particular, reports say. Pedro Ramón Gómez de la Serna and Gustavo de Arístegui, two former popular parliamentarians according to De la Mata headed a criminal organization to “obtain contracts […]

Report expects green economy to create 3.3 million jobs across Africa

A report by FSD Africa, a UK-funded development agency, found that a greener economy in Africa could create 3.3 million jobs by 2030, mainly in the renewable energy sector. The report focuses on five countries: the Democratic Republic of the Congo, Ethiopia, Kenya, Nigeria, and South Africa, where approximately 60% of green economy jobs will […]