US Vice President Kamala Harris speaks with Ghanaian women entrepreneurs in Accra, Ghana, on March 29. AFP
US Vice President Kamala Harris speaks with Ghanaian women entrepreneurs in Accra, Ghana, on March 29. AFP
US Vice President Kamala Harris speaks with Ghanaian women entrepreneurs in Accra, Ghana, on March 29. AFP
US Vice President Kamala Harris speaks with Ghanaian women entrepreneurs in Accra, Ghana, on March 29. AFP

Kamala Harris unveils $1 billion for African women's empowerment


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US Vice President Kamala Harris announced a more than $1 billion initiative to improve women's economic empowerment in Africa on Wednesday at the end of the first leg of a three-nation trip to the continent.

Ms Harris's office revealed the programme, a mixture of US government funding and private sector commitments, while in Ghana where she was visiting before travelling on to Tanzania and Zambia.

The tour follows up on a December summit held by President Joe Biden in Washington with African leaders as the US seeks to balance the growing influence of China and Russia on the continent.

Ms Harris has already announced $139 million in development and culture assistance for Ghana and a $100 million investment in stability and peace-building for coastal West African nations, who face the threat of violence spilling over from the Sahel.

Ms Harris meets with traditional leaders at Cape Coast Castle in Ghana on Tuesday, March 28. AP
Ms Harris meets with traditional leaders at Cape Coast Castle in Ghana on Tuesday, March 28. AP

The initiative for economic empowerment includes a $60 million fund for women in the digital economy and nearly $400 million from the private sector "to support closing the gender digital divide".

"Advancing the economic status of women and girls is not only a matter of human rights, justice, and fairness — it is also a strategic imperative that reduces poverty and promotes sustainable economic growth," her office said on Wednesday.

Another $528 million in private sector financing will help support women's economic empowerment in Africa, the statement said.

Closing the digital gap refers to programmes that will improve digital access and affordability for women, improve digital literacy and skills, as well as promote online security.

The US vice president on Tuesday visited Ghana's Cape Coast Castle, a Unesco World Heritage Site from where slaves were shipped to North and South America and the Caribbean.

She laid a wreath in honour of those who died during the slave trade, saying the horror of what happened there should always be remembered.

On Tuesday, in Ghana's capital Accra, Ms Harris called for more investments in innovation in Africa during a speech underlining her optimism for the continent.

She noted three areas of focus Washington believes could benefit from more investments: women's empowerment, the digital economy and good governance and democracy.

"We are all in on Africa," she added, repeating what Mr Biden said at the US-Africa leaders' summit last year.

Ms Harris left for Tanzania on Wednesday and will be in Zambia later in the week.

  • US Vice President Kamala Harris starts a three-country tour of Africa, promoting the White House's positive vision of the continent as the 'future of the world'. AFP
    US Vice President Kamala Harris starts a three-country tour of Africa, promoting the White House's positive vision of the continent as the 'future of the world'. AFP
  • Ms Harris's trip to Ghana, Tanzania and Zambia, is the latest salvo in deepening US engagement with a continent largely ignored under the previous administration. AFP
    Ms Harris's trip to Ghana, Tanzania and Zambia, is the latest salvo in deepening US engagement with a continent largely ignored under the previous administration. AFP
  • Workers roll out a red carpet as Ms Harris visits the African continent for the first time in an official capacity. Getty Images
    Workers roll out a red carpet as Ms Harris visits the African continent for the first time in an official capacity. Getty Images
  • Ms Harris is on a seven-day African visit that will also take her to Tanzania and Zambia. AP
    Ms Harris is on a seven-day African visit that will also take her to Tanzania and Zambia. AP
  • Schoolchildren wave Ghanaian and US flags to welcome Ms Harris. Getty Images
    Schoolchildren wave Ghanaian and US flags to welcome Ms Harris. Getty Images
  • Ms Harris takes time to shake hands with some of the children. AFP
    Ms Harris takes time to shake hands with some of the children. AFP
  • Ms Harris is welcomed by Minister for Foreign Affairs and Regional Integration of Ghana Shirley Ayorkor Botchwey. AFP
    Ms Harris is welcomed by Minister for Foreign Affairs and Regional Integration of Ghana Shirley Ayorkor Botchwey. AFP
  • Ms Harris poses with President of Ghana Nana Akufo-Addo as she arrives for their meeting at the Jubilee House presidential palace in Accra. AFP
    Ms Harris poses with President of Ghana Nana Akufo-Addo as she arrives for their meeting at the Jubilee House presidential palace in Accra. AFP
  • Mr Akufo-Addo introduces Ms Harris to some of the country's ministers upon her arrival. Reuters
    Mr Akufo-Addo introduces Ms Harris to some of the country's ministers upon her arrival. Reuters
  • Ms Harris's trip comes after a December summit hosted by President Joe Biden in Washington with US leaders and counterparts from Africa, a continent where China and Russia are enjoying rising influence. AFP
    Ms Harris's trip comes after a December summit hosted by President Joe Biden in Washington with US leaders and counterparts from Africa, a continent where China and Russia are enjoying rising influence. AFP
  • Ms Harris addresses a news conference. AP
    Ms Harris addresses a news conference. AP
Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

The Outsider

Stephen King, Penguin

match details

Wales v Hungary

Cardiff City Stadium, kick-off 11.45pm

How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

Company profile

Name: Thndr

Started: October 2020

Founders: Ahmad Hammouda and Seif Amr

Based: Cairo, Egypt

Sector: FinTech

Initial investment: pre-seed of $800,000

Funding stage: series A; $20 million

Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC,  Rabacap and MSA Capital

Starring: Jamie Foxx, Angela Bassett, Tina Fey

Directed by: Pete Doctor

Rating: 4 stars

10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

UAE currency: the story behind the money in your pockets
MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

The%20Mother%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Niki%20Caro%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Jennifer%20Lopez%2C%20Joseph%20Fiennes%2C%20Gael%20Garcia%20Bernal%2C%20Omari%20Hardwick%20and%20Lucy%20Paez%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
LIKELY TEAMS

South Africa
Faf du Plessis (captain), Dean Elgar, Aiden Markram, Hashim Amla, AB de Villiers, Quinton de Kock (wkt), Vernon Philander, Keshav Maharaj, Kagiso Rabada, Morne Morkel, Lungi Ngidi.

India (from)
Virat Kohli (captain), Murali Vijay, Lokesh Rahul, Cheteshwar Pujara, Rohit Sharma, Ajinkya Rahane, Hardik Pandya, Dinesh Karthik (wkt), Ravichandran Ashwin, Bhuvneshwar Kumar, Ishant Sharma, Mohammad Shami, Jasprit Bumrah.

The%20end%20of%20Summer
%3Cp%3EAuthor%3A%20Salha%20Al%20Busaidy%3C%2Fp%3E%0A%3Cp%3EPages%3A%20316%3C%2Fp%3E%0A%3Cp%3EPublisher%3A%20The%20Dreamwork%20Collective%C2%A0%3C%2Fp%3E%0A
Profile of Tamatem

Date started: March 2013

Founder: Hussam Hammo

Based: Amman, Jordan

Employees: 55

Funding: $6m

Funders: Wamda Capital, Modern Electronics (part of Al Falaisah Group) and North Base Media

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Updated: March 29, 2023, 11:13 PM