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U.S. trade report flags challenges from 'Make in India' policy

The campaign epitomises the challenges facing bilateral trade ties, U.S. Congress told
The U.S. tried to resolve “long-standing market access impediments affecting U.S. exporters” with India during 2020, says the 2021 President’s Trade Agenda and 2020 Annual Report an annual report submitted by the U.S. Trade Representative (USTR) to Congress. The report terms India’s policies “trade-restrictive” and saying the “Make in India” campaign epitomises the challenges to the trade relationship.
“While India’s large market, economic growth, and progress towards development make it an essential market for many U.S. exporters, a general and consistent trend of trade-restrictive policies have inhibited the potential of the bilateral trade relationship. Recent Indian emphasis on import substitution through a “Make in India” campaign has epitomized the challenges facing the bilateral trade relationship,” the report says. The Make in India campaign was launch ....

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What to expect from the UK Budget 2021

What to expect from the UK Budget 2021
What to expect from the UK Budget 2021
Joshua Warner
March 1, 2021 6:46 AM
The UK has already unveiled its roadmap out of lockdown and this week we find out the financial plan to go with it. We outline what to expect from the UK Budget to make sure you’re fully prepared.
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Are you ready for the Budget?
Budgets are often market-moving events but the exceptional circumstances means this one could have a bigger impact than usual. GBP, the FTSE 100 and stocks will be among the assets responding to the news that comes out on Budget day. ....

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UK Budget 2021: UK Taxes and Reform Options

February 22, 2021
Cristina Enache
Originally intended to be presented during the fall of 2020, and postponed due to the COVID-19 pandemic, a new United Kingdom budget will finally be published on March 3. Although normally most tax rate changes come into effect on budget day or soon after, 2021’s tax reforms might need to wait. Consultations on policies that will define the UK’s tax strategy for the next 10 years will start on March 23, following the budget announcements. Some tax reforms might be pushed later in the year, to the fall of 2021.
In 2021 Chancellor Rishi Sunak is facing a double challenge. On one hand, the budget is expected to offer support to businesses that have been affected by the pandemic and set the foundations for economic growth. On the other hand, he needs to offer budgetary stability. And it will not be an easy task. According to the Institute of Fiscal Studies, the UK would need to raise taxes or cut spending by about 60 b ....

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Inaugural Africa Digital Finance Summit held in Nairobi

Inaugural Africa Digital Finance Summit held in Nairobi
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The Africa Digital Finance Summit recently took place in Nairobi in a two-day event that sought to expound on the growing digital financial services. The Summit, themed
Decentralized finance; our pathway to financial freedom, brought together stakeholders in digital and financial spaces. This is in a deliberate move to discuss the future of finance in Africa.
During the summit, Africans have been urged to embrace the use of digital currencies to accelerate economic recovery in the continent occasioned by the COVID-19 pandemic.
“In order to positively chart the trajectory of the social economic growth in Africa, we need to leverage on the convergence of various transformational technologies,” said Hanu Fejiro Agbodje, founder and CEO, Patricia Technologies Limited, a fintech solutions provider company based Nigeria. ....

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Spotify is finally launching in Kenya; How will it affect the music scene?

Spotify is finally launching in Kenya; How will it affect the Music Scene?
After years of using a VPN to access the music platform, Kenyans will be glad the company is finally setting up access locally. Spotify has announced plans to expand to 80+ new countries in the coming weeks. Among the new countries we have: Kenya, Tanzania, Nigeria, Ghana, Pakistan and more.
According to AndroidKenya.com, the company has been doing app tests with a section of users in Kenya and Tanzania over the past few weeks. This is probably because they may want to integrate local payment procedures – especially for the two markets that rely heavily on M-Pesa. ....

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