Africa Briefs

10 September 2018 | Ekonomie
Kenya suspends VAT on fuel

Kenya's High Court suspended a 16% value added tax on fuel on Thursday that has driven up pump prices and triggered a suppliers' strike that caused fuel shortages, court documents showed.

The tax was part of a government bid to finance health, housing and other programmes, while narrowing a fiscal deficit to qualify for an extension a standby credit facility with the International Monetary Fund.

The court said it stopped the Kenya Revenue Authority and the Energy Regulatory Commission collecting the tax, to give president Uhuru Kenyatta time to return from a foreign trip and decide whether to sign a bill that would postpone the tax for another two years.

Earlier on Thursday, the energy regulator said it had cancelled the import licence for a fuel dealers' association whose members went on strike, saying they had prevented other transporters from accessing fuel depots in Nairobi and Mombasa, leading to shortages in the two cities and other locations.

Transporters who were not on strike but had been struggling to load their trucks at a depots in Nairobi said they were hoping the situation would now improve. – Nampa/Reuters

Uganda, China sign exploration deal

Uganda said on Thursday its national oil firm and Chinese offshore oil and gas company CNOOC Ltd had signed an agreement to jointly conduct exploration in a new block in the East African country.

The deal was signed in Beijing on the margins of the ongoing China-Africa forum on cooperation, which is being attended by Uganda's president Yoweri Museveni.

A statement issued by his office said CNOOC and Uganda National Oil Company signed a memorandum of understanding "to jointly explore a new oil and gas block in the Albertine Graben, on the southern part of Lake Albert."

"The exploration aims to increase the amount of crude oil produced in Uganda to support the operations of the refinery as well as the oil pipeline," it said.

Uganda is expected to start crude production in 2021 in the Albertine rift basin near the border with Democratic Republic of Congo, where reserves estimated at 6.5 billion barrels were discovered more than a decade ago.

CNOOC already operates in Uganda, jointly owning fields with France's Total and London-listed Tullow Oil. – Nampa/Reuters

SA's net foreign reserves fall

South Africa's net foreign reserves fell to US$42.35 billion in August from US$42.44 billion in July, the Reserve Bank said on Friday.

Gross reserves also decreased, to US$49.848 billion from US$50.511 billion, the central bank data showed.

The forward position, which represents the central bank's unsettled or swap transactions, increased to US$2.319 billion in August from US$1.790 billion in the previous month. – Nampa/Reuters

Soortgelyk

 

Lugvaart onder vergrootglas

5 ure gelede | Vervoer

Ronelle Rademeyer - Die internasionale lugvaartwêreld se oë is op Namibië om te sien of hy tydens die universele veiligheidsouditprogram (Usap) van die Internasionale Burgerlugvaartorganisasie...

Einde van die pad vir 500ppm diesel

5 ure gelede | Energie

Augetto Graig - Die uitfasering van 500ppm diesel begin op 23 November.Die minister van myne en energie, mnr. Tom Alweendo, sal op dié dag ...

Piepklein en waardevol

5 ure gelede | Omgewing

Tanja Bause Beeskloutjies is unieke plante wat net in die woestyn- en semi-woestyngebiede van westelike en suidelike Namibië en noordelike Suid-Afrika voorkom. By die Alte...

Pragkerk vol bierbottels

5 ure gelede | Infrastruktuur

Tanja Bause Op 'n koppie op die plaas Helme­ringhausen staan 'n kerkie wat met bierbottels gebou is. Die droom van dié kerk het sowat twee...

Weer vir 19 November 2018

5 ure gelede | Weer

BINNELAND: Gedeeltelik bewolk en baie warm tot bloedig warm met enkele donderbuie op plekke.KUS: Gedeeltelik bewolk en koel met miskolle aanvanklik.GETYE BY WALVISBAAI: L...

53 renosters al vanjaar gestroop

5 ure gelede | Omgewing

Francoise Steynberg -'n Onthoringde renoster is in die Suide gestroop en nog een is gekwes.Nadat dié renosterkarkas verlede naweek in die Hardapstreek gevind is, bring...

Grootfontein ontken wanbesteding

5 ure gelede | Regering

Augetto Graig - Grootfontein se geldsake was onlangs onder die vergrootglas toe Namibië se ouditeur-generaal, mnr. Junias Kandjeke, sy kantoor se verslag oor dié dorp...

Noordweste se aardbewings 'n raaisel

5 ure gelede | Plaaslik

Elvira HattinghSedert Maart vanjaar het vyf beduidende aardbewings in die Anker-gebied in die noordweste­ van die land voorgekom - almal het tussen 4,1 en...

Stille getuies van ’n vergange era

5 ure gelede | Toerisme

Tanja Bause – Op die plase Sandvirhaar en Simplon in die suide van die land staan twee kalkoonde wat meer as ’n eeu oud is....