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Tag: Ghana

Military leaders Mark End of U.S. Marines Engagement in Uganda

Military leaders Mark End of U.S. Marines Engagement in Uganda

FEATURED, NEWS, Politics
U.S. Marines and U.S. Navy Sailors with Special Purpose Marine Air-Ground Task Force, Crisis Response-Africa 20.1, Marine Forces Europe and Africa, and members of the Uganda People's Defense Force celebrate in Camp Singo, Uganda, in February. American and Ugandan military leaders held a virtual ceremony this week marking the end of a U.S. Marine engagement with Uganda as part of that nation's six-year participation in the African Peacekeeping Rapid Response Partnership. Major Gen. Stephen M. Neary, commander of U.S. Marine Corps Forces Europe and Africa spoke by video teleconference with Brig. Gen. Peter Omola, the Uganda Rapid Deployment Capability Center Commandant and his soldiers. While the overall APRRP effort is not ending, the event marked th...
MTN Uses Netherlands Tax Haven to Escape African Tax Bills

MTN Uses Netherlands Tax Haven to Escape African Tax Bills

Business, FEATURED, NEWS, TECH
South African telecoms giant MTN appears to have avoided paying any capital gains tax in Uganda on the lucrative sale of its investment in mobile phone masts in the country. MTN’s latest financial statements show a profit of 1.3 billion South African Rand – almost $80 million — from the sale of its interests in Uganda. Taxed at the standard 30 percent rate, this could have yielded $25 million for the hard-pressed country. According to the newspaper, MTN had a 49 percent shareholding in a Dutch joint venture company which ultimately owns the towers, and it sold its stake in this Dutch company instead of selling the towers themselves. Now look at this separate story, from Ghana Business News: Ghana could miss out on as much as GH¢400 million in capital gains tax following t...
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