Luxembourg

Summary

• Access to sufficient financial resources to implement development projects has been a big challenge among developing countries, although there are unexplored options.

Thank you for reading Nation.Africa

Dar es Salaam. While banks remain a dominant financing option, economic experts say other alternative modes should be explored to facilitate the implementation of development projects.

(Click to read the full article)

(Click to read the full article)

Millions of leaked documents and the biggest journalism partnership in history have uncovered financial secrets of 35 current and former world leaders, more than 330 politicians and public officials in 91 countries and territories, and a global lineup of fugitives, con artists and murderers.

By Emilia Díaz-Struck, Delphine Reuter, Agustin Armendariz, Jelena Cosic, Jesús Escudero, Miguel Fiandor Gutiérrez, Mago Torres,

A new report from the European Union Tax Observatory suggests that European banks are reaping about 14 percent of their total profits — about 20 billion euros a year — from the Virgin Islands and 16 other jurisdictions the report identified as “tax havens.”

The report’s authors say the findings will further bolster the case for a global minimum corporate tax rate proposed by the G20 in August and set for final approval next month.

MONROVIA — The Government of the Republic of Liberia and ArcelorMittal (‘the Company’), the world’s leading steel company, today signed an amendment to the Mineral Development Agreement (‘MDA’) which paves the way for the expansion of the Company’s mining and logistics operations in Liberia.

With the MDA amendment coming into effect, the ArcelorMittal Liberia will significantly ramp up production of premium iron ore, generating significant new jobs and wider economic benefits for Liberia.

Finance ministers from Group of Seven countries met in London on Saturday and agreed to back United States President Joe Biden’s proposal for a minimum global corporate tax rate of at least 15 percent.

If approved by the Group of 20 next month, the plan could enable most governments globally to reap more in taxes but could also have major consequences for the economies of international financial centres like the Virgin Islands.

BY TSEGAYE TILAHUN

ADDIS ABABA – The statement and the facts given by the Finish Foreign Minister Pekka Haavisto are purely unverified said Hirut Zemene Ethiopian Ambassador to Belgium, Luxembourg and EU institutions in a letter to the Editor of EU Observer.

“It is regrettable that the statement and facts given by Pekka Haavisto about the situation in Ethiopia didn’t reflect the current reality on the ground and contain unsubstantiated claims.”