The Finance Act 2023 has brought to bare the dicey relationship between taxpayers and the government. The government has proposed a raft of tax measures that seek to increase the amount of taxation meted including the housing levy, additional tax band on income earned and doubling of VAT on petroleum products among others. These have left a bitter taste in the mouth of taxpayers with ongoing frustrations leading to a wave of mass protests.

The role of banks in both local and global economies have increasingly come into sharp focus with a number of banks most recently Silicon Valley Bank (SVB) failing. SVB is the biggest US Bank to fail since the 2008 financial crisis and the second biggest ever. The failure of SVB mainly emanated from a bank run occasioned by liquidation of long-term US government bonds at a loss beyond which its capital could offset.

Family businesses are a vital component of the global economy, providing jobs and driving economic growth in communities around the world. However, these businesses also face unique challenges, particularly when it comes to financial planning. In this blog post, we will explore how proper financial planning can help family businesses overcome these challenges and thrive.

The stress of COVID-19 on the global economy will expand the market for fintech and accelerate the pace at which it is adopted. The COVID-19 global pandemic has become a make-it-or-break-it moment for many businesses, particularly startups and industry disruptors. With market forces and rules being reshaped daily at lightning speed, large swaths of the world have been forced to adopt technology and embrace the digital age in order to keep the lights on. The new socioeconomic order and redefine…

The problems created by the convergence of cloud, telco, data domiciling, technology sovereignty and local cultural concerns may be solved by creating regionally organized clouds. Regionally organized clouds (ROCs) can be the answer to a series of problems public policy is currently struggling with. Global cloud companies, including Google, Amazon and Microsoft, provide valuable services. But societal concerns are being raised about the control of data and the concentration of power. Ultimatel…