- Between January and June this year, the Angolan National Customs has generated US $907 million, exceeding the US $638 million generated in the same period last year.
Angola’s customs department officials is expecting to record at least US $1 billion by the end of 2007.
According to ‘ANIP’, “customs revenue has been rising yearly mainly because of the reforms underway in the sector and the expansion of the country’s taxing basis. In 2000, when the process of modernization began, customs revenue did not exceed USD 215 million.”
Since 2001, Angolan customs revenue has been recording a substantial growth, increasing from US $ 352 million in 2001 to US $1.5 billion in 2006.
The capital Luanda has been contributing 85% of the yearly revenues, followed by northern Cabinda province, with a 4% contribution. Luanda’s high revenue has been attributed to having the Angola’s only international airport and a port that is occupied by cargo ships.
Angola’s Public Commercial Registry certified more than 100 companies per month between January and June 2007. The total number of certified companies within the period stands at 716. The country’s authorities said this year’s figure is expected to surpass that of the 2006 [1,281] if the trend continues.
Private companies must declare an initial capital stock equivalent to US $100,000, while corporations US $20,000 before they are certified. There is no standard required for individual companies.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
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