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Kenya tax bill may prove an unpopular compromise

Location:

KENYA

With an ambitious development agenda to fund amid mounting debt, and under pressure from the IMF to rationalise revenues, the government aims to increase fiscal space with a set…

Agriculture is rare bright spot in Ukraine economy

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UKRAINE

Ukraine agriculture.

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…

Early Argentine economic successes are unsustainable

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ARGENTINA

The government has posted the first fiscal surplus in years, inflation has declined and foreign currency reserves have risen from USD21.0bn in mid-December to USD28.5bn. However…

Sao Tome coup allegations fuel political uncertainty

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SAO TOME

On the same day, four suspects were tortured to death by the military. An investigation is ongoing. Meanwhile, in early December, the IMF suspended the country’s Extended Credit…

Spain’s foreign investment appeal is under threat

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SPAIN

Spain’s increasingly protectionist regulatory environment, and proposed tax and labour reforms, threaten to discourage investment. The foreign-owned automotive sector, which…

Prospects for the Russian economy to end-2018

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PROSPECTS H2 2018

Prospects for the Russian economy to end-2018.

Argentina reforms advance but carry political cost

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ARGENTINA

Following its strong results in the October mid-term election, the government has been pressing tax and pension reforms and a new fiscal accord with provincial governors; all…

Saudi land tax will shake up property sector

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SAUDI ARABIA

Saudi housing sector reform.

Gulf oil dependency poses long-term stability risk

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GULF STATES

Diversification outlook in the GCC.