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50c hike in RAF fuel levy

Finance Minister Nhlanhla Nene today announced an increase of 50 cents per litre in the Road Accident Fund (RAF) levy, setting the price at 154 cents in the 2015/16 tax year. Nene said the increase is required to “finance the progress made by the...
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Cape Verde government authorises airline loan

According to local press reports, the Cape Verde government has authorised the country’s top airline, TACV, to borrow 155 million escudos (US$1.6 million) from Banco Cabo-Verdeano de Negócios (BCN). The loan amount, according to the authorisation...
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Experts stunned by drop in Somali piracy

The notable decrease in piracy in the Somali Basin has left security experts puzzled. Since 2009, there have been over 700 attacks off of the coast of Somalia, but in 2014 there were only 11 incidents of piracy, which did not include a single ship...