The MultiChoice Group is proud to announce its latest initiative in the fight against COVID-19. The group has supported several initiatives in the fight against the spread of the pandemic which continues to wreak havoc across the globe, and it is being acutely felt across Africa. Early in the spread of...
Government debt burdens across sub-Saharan Africa are rising at a faster pace and to higher levels than elsewhere in emerging markets, heightening the risk of further rating downgrades and defaults, ratings agency Fitch warned on Tuesday. Emerging markets have been battered by the fallout from the coronavirus pandemic, with a...
Kenya will remove a range of tax exemptions including for oil and gas exploration as it seeks to make up for revenue lost to the impact of the coronavirus crisis, its finance minister said on Thursday. As well as a drop in tax collection caused by the COVID-19 pandemic, the...
Ivory Coast’s Coffee and Cocoa Council (CCC) is introducing reforms aimed at boosting domestic exporters, including by reducing fees they pay when acquiring beans, CCC and industry sources said. The new measures also limit stockpiling of beans by multinational traders that domestic exporters say drive up prices and prevent them...
Nigerian President Muhammadu Buhari said last week Tuesday that West Africa’s plan to adopt a common currency was being put at risk by some countries’ attempts to progress more quickly than the agreed timetable. Nations in the region are aiming to adopt a single currency to boost trade and economic...
For Kenyan-based safari operator Safarilink, June is the busiest time of year, as the company’s small planes ferry tourists to national parks in Kenya and Tanzania to witness the majestic annual migration of 2 million animals. This year, the coronavirus outbreak has brought those adventures in Kenya’s Maasai Mara and...
African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the latest Tax Transparency in Africa report, launched Thursday, revealed. Tax Transparency in Africa 2020 - produced by the Global Forum for Transparency and Exchange of Information...
On Nigeria’s bustling streets, stalls selling stacks of well-worn, energy-sucking refrigerators and air conditioners are known as “tokunbo”, a Yoruba word that means “from abroad”. Millions of people flock to such markets across Africa each year to buy the imported appliances at bargain prices, particularly as their incomes rise, along...
Despite apocalyptic predictions, Africa may be better positioned than many think to weather the combined shock of the COVID-19 pandemic, collapsing commodity prices, and global economic recession, assuming its leaders act wisely. While African economies’ performance has varied, overall progress during the last two decades has made the continent...
Rwanda is renowned as a pioneer for gender equality In 2020, it was the only African country ranked in the top 10 of the World Economic Forum’s Global Gender Gap Report. It ranked in the top four in the Report’s political empowerment category, in recognition of the high proportion of Rwandese...