GAFA tax: Companies have received their tax notice

"Companies subject to this tax have received a tax notice for the payment of the 2020 installments," said Bruno Lemaire. Not to mention the possible wrath of the American authorities, the GAFA have already taken the lead. Here's how.   The negotiations on the digital tax at the OECD have come to naught. “We had suspended the collection of the tax until the OECD negotiations were concluded. This negotiation failed, so we will collect a tax on the digital giants next December, "explained Bruno Le Maire, the French Minister of the Economy, in mid-October. "Companies subject to this tax have received a tax notice for the payment of the 2020 installments," the Ministry of the Economy said today. Facebook and Amazon "are among the companies" which have been notified "in recent days", assures for its part the Financial Times. So after firing the first ones, what should the French authorities expect from now on? Has

Nigerian Access Bank to Acquire Cavmont Bank Zambia

Nigerian group Access Bank reported that its subsidiary in Zambia is in exclusive negotiations with the owners of its rival Cavmont Bank for an acquisition. The group thus confirms its ambition to extend its network of banks to the African scale.

Nigerian Access Bank to Acquire Cavmont Bank Zambia

The Nigerian group Access Bank is targeting a new acquisition in the banking sector in Zambia, we learned from a press release published for investors. Its subsidiary in this country has started discussions with Cavmont Capital Holdings with the aim of buying its bank, Cavmont Bank. Access Bank clarified that these discussions may not be successful.

This information meets the ambitions displayed by the Nigerian group on June 3. He said that he is now embarking on an African expansion, in order to build his own network of banks in the region.

Already on January 17, 2020, he finalized the acquisition of the Transnational Bank in Kenya; which allowed him to access a network of 28 additional bank branches. In the past two years, its biggest acquisition has been the takeover of its rival on the Nigerian market Diamond Bank.

Access Bank can allow real expansion. The Nigerian market, although offering opportunities, shows a certain saturation in terms of the number of customers available. The group also has the means to support this strategy. Its turnover represents twice its market value and the return on equity is 16.5%, a sign that it can still rally investors. Its cash, too, is at a comfortable level.