Kenya's Finance Bill 2025 is shaking up the tax landscape with limits on tax loss carry-forward, fresh NIFC incentives for both startups and big investors, targeted digital economy taxes, and new VAT reliefs for agriculture and manufacturing. Policymakers hope these changes will drive growth and attract crucial foreign investment.
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Bitcoin, the leading cryptocurrency, has dramatically surpassed the R2-million milestone, doubling its value within an 11-month span. This financial surge is influenced by softer US inflation data, anticipated rate cuts, and Donald Trump's inauguration as US president with promises impacting the crypto sphere. Investors are eagerly awaiting the implementation of Trump's crypto-friendly policies and their potential effects on economic trends.
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Thursday, July 11, 2024, witnessed significant shifts in the stock market. The S&P 500 and Nasdaq Composite experienced major declines, ending a seven-day winning streak. The Dow Jones showed slight improvement, while small-cap stocks surged. Upcoming corporate earnings and economic data are expected to influence the market.
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Nvidia has achieved a historic milestone by surpassing Microsoft to become the world's most valuable company. The chipmaker's market capitalization soared to $3.335 trillion, driven by robust demand for its GPUs in AI development, positioning it ahead of industry giants like Microsoft and Apple.
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Petrolera Aconcagua Energia SA is gearing up to list on Argentina’s stock market, seeking funds for expansion amid President Javier Milei’s economic reforms. The IPO reflects a wider trend of companies raising capital as Milei aims to deregulate the economy, impacting oil and gas sectors, foreign investments, and fuel prices.
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Nigerian Trawler Owners Association urges the Federal Government to provide affordable diesel to maintain the blue economy and protect ocean resources. Rising diesel costs have significantly affected operations, leading to unemployment and vessel inactivity.
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FlySafair's future hangs in the balance as it prepares for a pivotal meeting with the Air Service Licensing Council this Friday. The session is a response to allegations by Airlink and Global Airways about ownership compliance, which could lead to a potential suspension of FlySafair's operating license.
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As May 2024 approaches, South Africa will see a mixed shift in fuel prices. Petrol is set to become more expensive by 35 cents per litre, while diesel and gas prices will experience a decrease. These changes reflect broader economic influences, including international market shifts and currency fluctuations.
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