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South African budget may ease downgrade fears

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SOUTH AFRICA

The first budget since new President Cyril Ramaphosa election by parliament last week, it outlines the National Treasury’s response to a 48.2-billion-rand (4.2 billion dollars…

South Africa’s government faces major tax dilemmas

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SOUTH AFRICA

Wealth, inheritance and ‘solidarity’ taxes are being considered -- with the latter recently flagged as one solution to pay for COVID-19 vaccine procurement and pandemic-related…

Zimbabwe economic pressures will linger

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ZIMBABWE

Since its introduction in February, the local real-time gross settlement (RTGS) dollar, a de facto new local currency, has lost over 60% of its value relative to the US dollar on…

Nigerian government faces critical revenue challenges

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NIGERIA

Combined federal, state and local government revenues stood at only an estimated 7.8% of GDP in 2018. With expenditure continually outpacing revenue, and the country's debt burden…

Somalia faces long road to economic reconstruction

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SOMALIA

Despite the government’s genuine efforts to implement policy reforms, low to non-existent institutional capacity will continue to impede the emergence of a more formalised…

South Africa tax agency reform will bolster government

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SOUTH AFRICA

The fifth consecutive year of revenue shortfalls follows years of mismanagement and institutional turmoil at SARS under former Commissioner Tom Moyane, an ally of former President…

Kenya finance bill reflects fiscal consolidation drive

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KENYA

President William Ruto wants to use this bill to increase government revenue to help manage the difficult fiscal situation. However, the bill’s critics warn it may aggravate an…

Angolan government will point to early reform progress

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ANGOLA

The underperformance of the oil sector, coupled with a recent fuel distribution crisis, have combined to dampen growth forecasts for 2019. While President Joao Lourenco’s…

Poor domestic revenues risk undoing Ghana rebound

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GHANA

Recent strong economic growth is auspicious for the performance of the government’s Extended Credit Facility (ECF) with the Fund. Nevertheless, fiscal consolidation efforts may be…

Nigeria’s 2020 budget plans could prove impossible

Location:

NIGERIA

Nigeria's 2020 budget.