• Mon, December 16, 2024

by: Tuko

Raimond Molenje Takes Helm as Kenya Bankers Association CEO, Effective December 2024

Raimond Molenje has been appointed CEO of the Kenya Bankers Association, effective December 1, 2024, bringing over 19 years of leadership and legal expertise.

by: Global Finance

Making AI Pay Off in Global Banking

Hussein Al-Abdulla, a member of the Executive Management team at Commercial Bank is EGM, Marketing & Alternative Investments. Having started in retail banking at HSBC in Qatar Hussein covers several areas for Commercial Bank and is a specialist in retail banking, marketing, strategic planning, digital transformation and asset management.

by: Daily Monitor

Uganda's property tax collections way below potential - World Bank

Outside Kampala Metropolitan Area, according to the Local Government Finance Commission, Jinja City generates the largest share of revenue from property taxes, averaging Shs1.6b, followed by Gulu City at Shs1.1b and Masaka City at Shs900m.

by: Business Line

Share Market Highlights: Sensex dips 384 points, Nifty settles below 24,700; India VIX up 7%

by: Pensions&Investments

TCW's Katie Koch says firm entering private real estate debt market

The firm, which oversees more than $200 billion, will provide privately arranged debt to borrowers for core real estate and value-add credit, Chief Executive Officer Katie Koch said in an interview. Los Angeles-based TCW is also in the process of hiring a team to help run the new real estate business, she said.

by: business-live

North East deals of the week: key contracts, acquisitions and investments

Companies featuring in this week's round-up include Wingrove Motor Company, Wordnerds, Lycetts, Crystal & Son, BeamXR, H2CHP and JDR Cables

by: Seeking Alpha

Lesaka Technologies: Recent News Bolsters The Bull Case

Lesaka Technologies has inched higher in recent months, which is not surprising given several promising developments. Explore more details here.

by: The Jerusalem Post Blogs

A conversation with Brock Pierce: Cryptocurrency pioneer, philanthropist, and friend of Israel

Whether it be attending the March of the Living, meeting Holocaust survivors, or defending Israel, Brock Pierce has shown time and again his commitment to his friends in the Jewish community.

by: Daily Express

Recession fear turns screw on Bank of England to cut interest rates

News last week that the UK economy has shrunk for two months in a row has triggered fears of a recession. At the same time, central banks in Europe, the USA and China have been cutting interest rates to head off a slowdown in key economies around the globe.

by: AOL

US economic output grows at fastest pace in nearly 3 years to end 2024

S&P Global's flash US composite, which captures activity in both the services and manufacturing sectors, hit its highest level in 33 months during the month of December.

by: Kiplinger

Honeywell Is the Best Dow Stock on Spinoff Speculation

Honeywell stock is higher Monday on news the industrial giant may spin off its aerospace segment. Here's what you need to know.

by: Yahoo

A golf apparel brand loved by Chris Paul and Stephen Curry is breaking barriers in the sport. Here's how.

Eastside Golf has had a landmark year. The apparel brand loved by Chris Paul and Stephen Curry is helping make golf more accessible and inclusive.

by: Rolling Out

A specialist's challenge balancing career and finances

Discover the financial decisions behind balancing career growth, family needs, and long-term finance planning with a $210,000 household income.

by: The Hill

Canada's finance minister resigns as unpopular Trudeau faces biggest test of his political career

Canadian Prime Minister Justin Trudeau faced the biggest test of his political career after Finance Minister Chrystia Freeland, long his most powerful and loyal minister, announced

by: MoneyWeek

6 taxes going up in 2025

Inflation may be slowing and interest rates could be cut further, but households should prepare for higher tax bills next year - we look at the six taxes going up in 2025

by: India Today

Parliament Session Highlights: BJP's whip to MPs to be present in Lok Sabha tomorrow over 'important business'

The Rajya Sabha on Monday convened a two-day discussion marking 75 years since the adoption of the Constitution. The focus of the debate is on the significance and evolution of the Constitution since its adoption on November 26,

by: inc42

Zomato's Business Finance Head Hemal Jain Quits

Zomato's global head of finance Hemal Jain is stepping down from the company after a six-year long stint to "explore other opportunities".

by: The Verge

Arm CEO Rene Haas on the AI chip race, Intel, and what Trump means for tech

Rene is a fascinating character in the tech industry. He's worked at two of the most important chip companies in the world: first Nvidia, and now Arm. That means he's had a front-row seat to how the industry has changed in the shift from desktop to mobile and how AI is now changing everything all over again.

by: Finance & Commerce

Endeavor buys property in Vadnais Heights

A warehouse property in Vadnais Heights has been sold for $10.5 million and the buyer is a prominent Edina developer, according to a certificate of real estate value released last week.

by: Bloomberg L.P.

December Global Regulatory Brief: Digital finance

As technology continues to reshape financial services, regulators and policy setters are embarking on a range of digital-finance initiatives to manage risks and set appropriate standards.

by: Forbes

SoftBank's $100 Billion Promise To Trump Is More Than Its Entire Market Cap

The Japanese tech conglomerate has assets, like a majority stake in British chip company Arm, but hasn't detailed how it will pony up.

by: Yahoo Finance

Expro Wins Contract to Support Plug and Abandonment Campaign

Expro has been awarded a contract valued at over $10 million for the provision of a well decommissioning solution.

by: The New Zealand Herald

Watch live: Govt books in worse shape than expected, ministers face Question Time grilling

Willis said she would consider whether the worse-than-expected economic outlook would "warrant any further action" by her in the future. As previously signalled, she is looking at requiring charities that are really businesses to pay more tax.

by: bnnbloomberg

Trudeau taps LeBlanc as finance minister after Freeland resigns: source

Prime Minister Justin Trudeau's government is reeling as he loses top cabinet ministers, including Finance Minister Chrystia Freeland who was set to release a key economic update on Monday.

by: Reuters

Meta contractor dismissed threats to moderators by Ethiopia rebels: court documents

A contractor hired by Facebook's parent company Meta dismissed threats to content moderators by Ethiopian rebels angered by their work, according to new evidence filed in a case challenging the dismissal of dozens of moderators in Kenya.

by: Yahoo Finance

Mitek Reports Fiscal 2024 Fourth Quarter and Full Year Financial Results and Provides Guidance for Fiscal 2025

(NASDAQ: MITK, "Mitek" or the "Company"), a global leader in digital identity verification, mobile capture and fraud management, today reported financial results for its fourth quarter ended September 30,

by: Business Standard

Shape Your Future with a Bachelor of Business Administration at JAIN (Deemed-to-be University), CMS

The Bachelor of Business Administration (BBA) program at JAIN (Deemed-to-be University), Center for Management Studies (CMS), is an unparalleled opportunity to embark on a journey of academic excellence and professional growth.

by: Daily Express

Rachel Reeves tanked UK economy - and it's set to get even worse in December

I hate to be the repeated bearer of bad news but with Rachel Reeves running the economy it's the only news around these days.

by: AOL

Walmart CFO: 'We're a company that wins in any type of economic environment'

Rainey has been overseeing Walmart's financial statements — which are making a statement in their own right as the business earns Yahoo Finance Company of the Year award — since June 2022. He was Walmart's big free agent signing, then an outsider with stints as CFO of PayPal ( PYPL) and United Airlines ( UAL ).

by: Kiplinger

What's Behind Ford Stock's New Sell Rating?

Jefferies downgraded Ford on concerns over earnings headwinds and "challenging decisions ahead." Here's what investors need to know.

by: Yahoo Finance

Work trends like AI are forcing Asian professionals to adapt, and fast: 'The pace of change is speeding up'

Over 80% of Indian professionals report feeling overwhelmed by how quickly their jobs are changing, according to LinkedIn.

by: bnnbloomberg

Justin Trudeau's cabinet bleeds star power on day of key economic update

Prime Minister Justin Trudeau's government is reeling as he loses top cabinet ministers, including Finance Minister Chrystia Freeland who was set to release a key economic update on Monday.

by: Reuters

Insurer stocks fall after Trump says 'we're going to knock out the middleman'

Shares of health insurers operating pharmacy benefit managers fell on Monday after U.S. President-elect Donald Trump called them middlemen who drive up costs and said he plans to eliminate their role.

by: Reuters

Trump says Turkey holds the key to Syria's future

U.S. President-elect Donald Trump said on Monday that Turkey will "hold the key" to what happens in Syria, where rebels backed by Ankara toppled the government of Bashar al-Assad earlier this month.

by: Reuters

Trump repeats warning to Hamas to release hostages soon or face consequences

President-elect Donald Trump said on Monday he had a "very good talk" with Israel's prime minister, Benjamin Netanyahu, about the war in Gaza and reiterated his threat that "all hell is going to break out" if Hamas does not release its hostages by Jan.

by: MSN

Chinese firms forge ties with UAE as Gulf nation acts as 'superconnector' in global trade

China's growing heft in innovative industries is driving partnerships with the UAE, HSBC's country head says Chinese companies are increasingly seeking partnerships in the United Arab Emirates (UAE) as the Gulf nation acts as a "superconnector",

by: MSN

WSJ Crossword December 17 2024 Answers (12/17/24)

Our WSJ Crossword December 17, 2024 answers guide should help you finish today's crossword if you've found yourself stuck on a crossword clue. The Wall Street Journal Crossword is a well-known and respected puzzle that appeals to solvers looking for a challenging and thought-provoking experience.

by: Reuters

EU watchdog frees green bonds from fund naming rules

Green bond funds in the European Union are free to continue investing in bonds sold by big polluters such as power and energy companies, after the securities watchdog introduced allowances to its new fund naming guidelines.

by: Reuters

Trump and SoftBank CEO announce $100 billion US investment

President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on Monday a $100 billion investment in the U.S. over the next four years in what would be a boost to the U.S.

by: MSN

Regional balance doesn't need to mean 'anywhere but Belfast'

Regional balance has been a big feature of economic chat this year, particularly so since Minister Murphy announced it as one of his four economic missions, with improving productivity, good jobs, and climate making up the rest.

by: Reuters

India tax panel may consider lowering GST on online food delivery fees, report says

India's GST Council, chaired by the federal finance minister, may lower the tax on food delivery charges by e-commerce operators to 5% from 18%, CNBC-TV18 reported, citing sources.

by: MSN

Fiducia Commercial Network appoints new executive relationship director

Fiducia Commercial Network has appointed Norman Chambers, previously the managing director of the National Association of Commercial Finance Brokers (NACFB), as its new executive relationship director.

by: MSN

Middle school students in Utah are being taught to pitch like Shark Tank entrepreneurs

Middle school students in Salt Lake City participate in a Shark Tank-inspired competition to pitch their start-up ideas to business leaders in Utah.

by: MSN

Pisces Daily Horoscope Today (Feb 19-Mar 20), December 17, 2024: Your personality will improve!

Pisces Money Horoscope Today Matters related to property or vehicles will work in your favor. Your profit margin will improve, and you will continue to make swift progress in your career and business.

by: MSN

Zomato's global finance head Hemal Jain resigns

Hemal Jain, Zomato's global head of finance and CFO of Hyperpure, has resigned after six years with the company to pursue other opportunities. Her departure follows a recent GST demand notice and another senior management exit.

by: MSN

Reliance Capital Acquisition: How did Anil Ambani's company, Once bigger than HDFC, Become debt-ridden? Full timeline

Hinduja Group's IndusInd International Holdings Ltd. (IIHL) plans to complete the takeover of debt-ridden Reliance Capital (RCAP).

by: MSN

German election: Scholz faces confidence vote

German Chancellor Olaf Scholz called a confidence vote following the collapse of his coalition government. He is likely to lose the vote, paving the way for elections in February. DW has the latest.

by: MSN

Pueblo Chamber names 2024 Citizens of the Year and more local business news

Let's talk business in Pueblo: real estate's challenging year, economic benefits of playoffs, grants, landlords meeting and recognition awards.

Uganda's property tax collections way below potential - World Bank

Outside Kampala Metropolitan Area, according to the Local Government Finance Commission, Jinja City generates the largest share of revenue from property taxes, averaging Shs1.6b, followed by Gulu City at Shs1.1b and Masaka City at Shs900m.
The article from Monitor discusses a World Bank report highlighting that Uganda's property tax collections are significantly below their potential. According to the report, property taxes in Uganda are underutilized, with collections amounting to only 0.04% of GDP, far below the Sub-Saharan average of 0.3%. The World Bank suggests that if Uganda improved its property tax system, it could increase its revenue by up to 10 times the current amount. Key issues identified include outdated property valuations, poor enforcement, and a lack of comprehensive property records. The report recommends reforms such as updating property valuations, enhancing compliance, and improving the overall tax administration to boost revenue, which could fund essential public services and infrastructure development.

Read the Full Daily Monitor Article at:
https://www.monitor.co.ug/uganda/business/finance/uganda-s-property-tax-collections-way-below-potential-world-bank-4859574

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