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Nigeria to Block MultiChoice Accounts on $4.4 Billion Tax Claim

Jul 08 2021, 9:15 PM
July 08 2021, 5:56 PM
July 08 2021, 9:15 PM
(Bloomberg) Nigeriaâs tax authority asked lenders to freeze MultiChoice Group Ltd.âs local bank accounts to recover 1.8 trillion naira ($4.4 billion) in alleged tax arrears.
(Bloomberg) Nigeriaâs tax authority asked lenders to freeze MultiChoice Group Ltd.âs local bank accounts to recover 1.8 trillion naira ($4.4 billion) in alleged tax arrears.
The decision came after South African-based MultiChoice refused to grant access to its servers for an audit, Nigeriaâs Federal Inland Revenue Service said in statement on Thursday. MultiChoice Nigeria and MultiChoice Africa breached all agreements with tax authorities by refusing to communicate and blocking access to their records, according to the FIRS ....

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Nigeria to Block MultiChoice Accounts on $4.4 Billion Tax Claim

Nigeria to Block MultiChoice Accounts on $4.4 Billion Tax Claim
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Vivendi: The Good Results for 2020 Confirm the Resilience of the Group's Main Businesses

Vivendi: The Good Results for 2020 Confirm the Resilience of the Group's Main Businesses
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

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Dealmaking Slows Across Africa, but Post-pandemic Opportunities Look Interesting

Dealmaking Slows Across Africa, but Post-pandemic Opportunities Look Interesting
Deal making activity in sub-Saharan Africa dropped in terms of both volume and value in 2020, compared to 2019. As the continent readies itself for post-pandemic recovery, the opportunities presented by free trade across Africa as well as the post-pandemic focus on technology, healthcare and renewable energy, will be key factors in attracting valuable mergers and acquisition activity to the region.
Deal making activity in sub-Saharan Africa dropped in terms of both volume and value in 2020, compared to 2019. As the continent readies itself for post-pandemic recovery, the opportunities presented by free trade across Africa as well as the post-pandemic focus on technology, healthcare and renewable energy, will be key factors in attracting valuable mergers and acquisition activity to the region. Wildu du Plessis, Head of Africa at Baker McKenzie, and Morne van der Merwe, Managing Partner and Head ....

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Deal making slows across Africa but post-pandemic opportunities look interesting – AfricaBusiness.com

Deal making activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value compared to 2019. As the continent gears up for post-pandemic recovery in 2021, the opportunities presented by free trade across the continent, foreign investment opportunities due to new partnerships and trade relationships, as well as the post-pandemic focus on technology, healthcare and renewable energy, will be key factors in attracting valuable mergers and acquisition (M&A) activity to the region.
Further, South Africa’s deal volume and value both dropped in 2020, with the industrials and healthcare sector attracting the biggest investments. Ghana stood out as a country that attracted more and higher value M&A deals in 2020 than it did in 2019, with China being the primary inbound investor in the country. And Kenya recorded a good increase in deal value for 2020, ....

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