Permanent Secretary News
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A U.K. parliamentary committee chairwoman said Google Inc. was “evil” because of the way it sought to minimize its U.K. tax bills.
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Graham Soko, a shopkeeper whose business straddles the railway line south of Lusaka station in Zambia’s capital, says he’s hoping to reap profits from the government’s plans to rejuvenate the dilapidated railway system.
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Zambia is in talks with three airlines about taking an equity stake in its new national carrier Air Zambia Ltd. and expects it to make its debut flight by the end of the year.
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Zimbabwe is considering auctioning mineral deposits, restricting production of commodities deemed strategic and having the state sell the output from all mines, according to a draft policy document obtained by Bloomberg News.
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South Korea’s won led gains in Asian currencies this week after economic growth exceeded forecasts. The Thai baht completed its worst five days in six years amid speculation of currency control measures.
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South Korea’s won led gains in Asian currencies this week after economic growth exceeded forecasts. The Thai baht completed its worst five days in seven years amid speculation of currency control measures.
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Kenyan President Uhuru Kenyatta made his first nominations to Cabinet since assuming office this month and recommended Finance Ministry official Henry Rotich to lead the National Treasury.
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Zambian president Michael Sata suspended Clive Chirwa five months after his appointment as chief executive officer of the state-owned railway company in Africa’s biggest copper producer.
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Rwanda, which starts marketing $400 million of debut Eurobonds this week, is counting on investor demand for African debt that enabled Zambia to increase the size of its first dollar bonds in September and Tanzania to lure four times the amount it sought last month.
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U.K. Treasury Second Permanent Secretary John Kingman was added to the panel considering candidates to replace Bank of England Governor Mervyn King as it begins interviews, an official at the Treasury said.
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