MTN commits to $1 billion Ghana investment after government scraps tax claim

JOHANNESBURG : MTN Group will invest $1 billion in Ghana over the next five years, the mobile operator said on Wednesday, after the government exempted its Ghanaian unit from tax claims worth about $773 million.

The tax claim was initially issued after the revenue authority audited the company for the years 2014 to 2018 and inferred that it under declared its revenue by about 30 per cent during the period. "To be sure, macro-economic conditions are very challenging in the near term. That said we are focused on the medium and long term and we are seeing growth," he said in a statement.

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Earthquake could cost Turkey up to $111b: Business groupANKARA - Turkey’s worst earthquake in almost a century has left a trail of destruction that could cost Ankara up to US$84.1 billion (S$111.96 billion), a business group said, while a government official put the figure at more than US$50 billion. The combined death toll in Turkey and Syria from last Monday’s 7.8 magnitude quake approached 36,000 and looked set...
مصدر: asiaonecom - 🏆 10. / 59 اقرأ أكثر »

Earthquake could cost Turkey up to $111b: Business groupA government official put the figure at more than US$50 billion. Read more at straitstimes.com.
مصدر: STForeignDesk - 🏆 4. / 71 اقرأ أكثر »