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South African budget may ease downgrade fears

Location:

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…

Nigeria 2022 budget likely overestimates revenue

Location:

NIGERIA

The NGN16.4tn (USD40bn) package is a new record for a federal budget in Nigeria and tracks with the threefold increase in nominal expenditure seen since the beginning of the…

Nigeria's hefty budget will not dispel investor unease

Location:

NIGERIA

Outlook for Nigeria's 2016 state budget.

South Africa’s government faces major tax dilemmas

Location:

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

Location:

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…

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…

Nigerian government faces critical revenue challenges

Location:

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…

South Africa faces fiscal reform challenges

Location:

SOUTH AFRICA

However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.

Zambian government will reiterate tough mining stance

Location:

ZAMBIA

The Zambian authorities have introduced a range of new taxes and royalties to try to capture a higher share of a rising copper price and help ease the government's burgeoning debt…

Policies could damage Tanzania’s strong growth trend

Location:

TANZANIA

The World Bank’s 2017 Ease of Doing Business ranking shows Tanzania improving, moving up to 132nd place from 144 last year. However, an austerity drive and a crackdown on tax…