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Here are the Top 10 most expensive cities in Africa for expats



Lagos is noted as the fastest growing economy in Africa, but living condition in the city is below acceptable standard.

The city of Lagos, Nigeria, has been ranked as the second-most expensive city for expatriates surveyed in Africa and among the top 20 globally, according to the Mercer 2021 Cost of Living City Ranking.

The ranking, which helps employers navigate expatriate compensation, used New York City as the base city, and currency movements were measured against the US dollar.

According to the report, the Chadian economy, which is still recovering from the collapse in oil prices and economic shock from the coronavirus, is ranked as the most expensive in Africa. This year’s rankings found Ashgabat in Turkmenistan to be the most expensive city globally. The country’s ongoing financial crisis was cited as the reason for Ashgabat getting the top spot.

Below is a list of the Top 10 most expensive African cities for expats to live in.

  1. N’Djamena – Chad – Global rank: 13th
  2. Lagos – Nigeria – Global rank: 19th
  3. Libreville – Gabon – Global rank: 20th
  4. Abidjan – Côte d’Ivoire – Global rank: 24th
  5. Bangui – Central African Republic – Global rank: 30th
  6. Brazzaville – Congo – Global rank: 38th
  7. Kinshasha – Democratic Republic of Congo – Global rank: 40th
  8. Yaounde – Cameroon – Global rank: 49th
  9. Dakar – Senegal – Global rank: 56th
  10. Douala – Cameroon – Global rank: 66th

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Commercialise our research outputs – KNUST Vice Chancellor to local industries



Professor Rita Akosua Dickson, Vice Chancellor of the Kwame Nkrumah University of Science and Technology

The Vice Chancellor of the Kwame Nkrumah University of Science and Technology (KNUST), Professor Rita Akosua Dickson has called on industry professionals to utilise the research from the University and the academic community to transform society.

According to her, this will help in making technological findings more relevant to the daily needs of society, instead of leaving them to gather dust on shelves.

Speaking at an exhibition by the School, as part of its 70th Anniversary Celebrations, Professor Dickson stressed the need for enhanced collaboration between academia and industry, in order to stimulate development in the country.

“The problems of society are our problems. And we go through research to proffer solutions to the problems of humanity. In that sense, what we say is that, if we carry out these research, we must ensure that the research or the outcomes of this research are impacting the people for whom the research are carried out.

KNUST believes in constructive partnership and we cherish the kind of partnership that we enjoy with our industrial partners. And we welcome them to even help us to commercialise all these research outcomes that are coming. They should come and take it up and then take it all out there, so that it will be very beneficial to society”, she remarked.

Impressed by the innovative exhibitions, the Executive Director of Agri Impact Consult, Daniel Acquaye, observed that most private industries shy away from collaborating with the universities.

This, according to him, stems from the bureaucratic channels investors have to go through.

He therefore called for the establishment of a platform for investor friendly engagements between the universities and industries.

“In most instances, private sector is frustrated when they’re engaging with universities. First, it is not straightforward. Secondly, it takes quite a long time, and the third thing is that, you don’t even know where to start from.

We need to foster these kinds of partnerships. And to foster these kinds of partnerships, there should be a platform for engagement. And this platform for engagement needs to be facilitated. So we would need someone who would facilitate this kind of engagement process, so that the private sector will see what the universities and the research institutions have”, he said.

The exhibition brought together persons from both industry and academia to witness the innovation of students from the various departments in the school.

In a related development, an engineer at the Kwame Nkrumah University of Science and Technology, has developed a mechanized cocoa pod breaker to ease the burden of cocoa farmers.

The conventional method of removing the cocoa bean from its pod has always been with a cutlass supported by man-power. The process always leaves the farmers fatigued and exposed to severe bodily injuries.

But the engineer believes that his innovation, will address the challenge and make work convenient for workers.

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E-levy implementation challenges under control; ignore doomsayers – Ken Ofori-Atta



Finance Minister, Ken Ofori-Atta, has said that government has been able to resolve the initial challenges that characterised the implementation of the Electronic Transfer Levy (E-Levy).

He explained that the anomalies were promptly identified and mechanisms have already been instituted to enhance the collection process.

“I don’t know of any programme which has technology involved, that would not have teething problems; but certainly, the cataclysmic pronouncements by people on the other side, is not happening.

“I think we pretty much have it under control as much as we can. We started on May 1; we were blessed with that being a period of holidays for three-four days so we saw the issues and began to tackle them,” he said.

Speaking during a press briefing on Thursday, Mr Ofori-Atta assured that any further issues that would arise from the implementation will be adequately taken care of.

He added that concerns raised about regressive taxes have also been taken into due consideration, a reason transactions below GH¢100 are not being charged the Levy.

“We are a country moving really forward…we know our salaries are not that high so truly, most of those that people advocate as regressive taxes are not affected at all; and if you have a GH¢200, I am sure you can do it in two days and therefore there will be a zero impact.

“We are truly excited about this new tax handle to look at issues of curing auction failures, increasing our revenue mobilisation, getting technology and gradually moving into an economy in which, really, people just don’t use cash because it’s much easier to continue with technology,” he added.

The E-Levy was implemented on May 1. Electronic transactions above GH¢100 are now being taxed at a rate of 1.5%.

However, some transactions below the threshold were taxed.

Some of the charging entities later refunded the amounts that were illegitimately charged to affected customers.

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NPRA, SSNIT establish system to ensure workers do not extend retirement age beyond 60yrs



The National Pensions Regulatory Authority (NPRA) has teamed up with the Social Security and National Insurance Trust (SSNIT) to ensure that workers do not extend their retirement ages beyond 60 years.

This, the regulator believes will ensure that the active work force of the population is maintained, particularly workers on government payroll.

Speaking at the launch of the Negotiated Benefits Company (NBC) Limited, Gold Pension Plan, the Director of Planning, Research and Monitoring at the NPRA, Ernest Amartey-Vondee, announced that SSNIT has established a stringent process to discourage workers from extending their age.

He indicated the practice is a major challenge on government’s budget and the public sector in particular.

“Elsewhere in developed countries, workers look out for early retirement to go on vacation, rest and enjoy their pension contribution. However in Ghana, workers want to rather extend their age to keep working,” he said, asking the rationale behind such acts.

Recounting an incident that happened in one of the public agencies, Mr. Amartey-Vondee stated that the regulator was surprised when a twin brother retired five years after his twin brother retired.

“You know that about six months to your retirement, SSNIT will contact you to begin the documentation for the retirement process. Can you believe that a twin retired while his brother was due for retirement in the next five years,” he said.

He stated that such acts do not only affect productivity but it also blocks the young and the energetic youth from joining the public sector.

Speaking at the launch the Chief Executive Officer of the company, William Asiedu Yeboah, said participation in the private pension sector can be improved through campaign.

He disclosed that currently private pension customers is estimated to be over two million, a figure that could enhanced.

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