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Nigerian windfall tax will likely fail to meet targets

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NIGERIA

To fund this budget, the government has also proposed imposing a one-time windfall tax on banks on their foreign exchange (forex) gains in their 2023 financial statements.

Egypt's efforts to digitise the economy will be slow

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EGYPT

Cairo is seeking to encourage investments in data centres and digitisation. The country also sits astride a major route for data between Europe, Africa and Asia. While the sector…

Argentina's policies raise more questions than answers

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ARGENTINA

This followed congressional approval of the government’s ‘base law’ and tax package, designed to strengthen public finances, modernise the labour market and attract foreign…

War will continue to threaten Ukrainian economy

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UKRAINE

Although the economy has demonstrated remarkable resilience and survived the initial shock and devastation of the war, the prospects for growth remain bleak. Despite crucial…

Guinea's foreign ties will ease pressure on junta

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GUINEA

Adverse weather and a heavy military presence in the streets may have deterred protests in a context where demonstrations are banned. Meanwhile, despite the prevailing repressive…

Ghana may loosen purse strings after debt deal

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GHANA

The announcement thereby removes one of the last major obstacles standing in the way of a comprehensive debt resolution for the country.

Census handling will stoke tensions in Bolivia

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BOLIVIA

The census provides the basis for the distribution of seats in the Chamber of Deputies and defines the proportions of tax receipts that are channelled to decentralised tiers of…

Vostok Oil project will define Russia’s oil future

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RUSSIA

Vostok is expected to produce 2 million barrels per day (b/d) by 2030, with all exports going via the strategically important Northern Sea Route (NSR). The Kremlin hopes it will…

Chile's persistent labour informality poses challenges

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CHILE

As well as hampering productivity gains, it is an important cause of low pensions in the country’s defined-contribution pension system and a drag on tax revenues. Because of its…

Harris will not win back ‘Little Tech' Trump backers

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US

Biden's presumptive replacement, Vice President Kamala Harris, is a familiar face in Silicon Valley, which for many election cycles has been a reliable source of funding for…