Main Shareholder of a Large Company Accused of ‘Extensive Manipulation of Financial Statements’

[Daily Maverick] The main shareholder of Lesotho’s largest milling company, Lesotho Flour Mills, has been accused of using an offshore tax haven and transfer pricing to avoid paying its partner, the government, dividends over a 19-year period. By BILLY…

[Daily Maverick] The main shareholder of Lesotho's largest milling company, Lesotho Flour Mills, has been accused of using an offshore tax haven and transfer pricing to avoid paying its partner, the government, dividends over a 19-year period. By BILLY NTAOTE for MNN Centre for Investigative Journalism Reporters.

source: AllAfrica News: Lesotho

Africa Adopts Six Health Frameworks

[The Herald] Paidamoyo Chipunza recently in Victoria Falls African Ministers of Health have adopted six frameworks aimed at addressing six major health challenges affecting the continent’s health sector amid calls to increase and mobilise funding to op…

[The Herald] Paidamoyo Chipunza recently in Victoria Falls African Ministers of Health have adopted six frameworks aimed at addressing six major health challenges affecting the continent's health sector amid calls to increase and mobilise funding to operationalise them.

source: AllAfrica News: Zimbabwe

When Joel Osteen’s Church Closed Doors to Flood Victims

[Monitor] Following the flood in Houston Texas, USA, earlier this week, The Washington Post reported about one of the city’s most reputable evangelists, Joel Osteen, fighting allegations that he closed off his 606,000-square-foot megachurch, Lakewood C…

[Monitor] Following the flood in Houston Texas, USA, earlier this week, The Washington Post reported about one of the city's most reputable evangelists, Joel Osteen, fighting allegations that he closed off his 606,000-square-foot megachurch, Lakewood Church amid a flooding crisis that has displaced thousands of residents. Hurricane Harvey was a tropical storm that caused heavy flooding in Texas, leaving 31 people dead and thousands homeless.

source: AllAfrica News: Uganda

The Dos and Don’ts of USSD Banking

[Vanguard] What is USSD Banking? The Unstructured Supplementary Service Data (USSD) banking is a type of banking that enables you carry-out bank transactions by simply dialling a short code on your phone. It does not require the use of internet/web.

[Vanguard] What is USSD Banking? The Unstructured Supplementary Service Data (USSD) banking is a type of banking that enables you carry-out bank transactions by simply dialling a short code on your phone. It does not require the use of internet/web.

source: AllAfrica News: Nigeria

Six Global Banks Join Forces to Create Digital Currency

[Vanguard] Six of the world’s biggest banks have joined a project to create a new form of digital cash that they hope to launch next year for clearing and settling financial transactions over blockchain, the technology underpinning bitcoin.

[Vanguard] Six of the world's biggest banks have joined a project to create a new form of digital cash that they hope to launch next year for clearing and settling financial transactions over blockchain, the technology underpinning bitcoin.

source: AllAfrica News: Nigeria

Mr Prime Minister, Overhaul the Entire Public Service Sector

[Monitor] Prime Minister Ruhakana Rugunda announced recently that government was in advanced stages of a downsising the 119 statutory authorities, commissions and agencies in order “to cut duplication of mandates, redundancies and wastage of public res…

[Monitor] Prime Minister Ruhakana Rugunda announced recently that government was in advanced stages of a downsising the 119 statutory authorities, commissions and agencies in order "to cut duplication of mandates, redundancies and wastage of public resources".Apparently, the government has realised, though late, that it had gone overboard in the craze of creating these monstrous organisations, many of which were of marginal value if not utterly useless. That the number was allowed to rise to 119 was both shocking an

source: AllAfrica News: Uganda