Sese power project granted tax breaks
Friday, April 28, 2017
ASX-listed coal and energy junior, African Energy on Wednesday announced that the Ministry of Finance and Economic Development has approved the Sese Joint Venture’s (JV) application for a Manufacturing Development Approval Order (DAO) for the proposed 450 MW Sese power station.
“Sese Power, the JV entity responsible for power generation, has been granted a five year tax holiday from its first year of commercial operation and thereafter a preferential 15% company tax rate,” the company said.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...