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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…

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…

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…

Nigeria finance bill will modestly increase revenue

Location:

NIGERIA

The bill aims to expand the accruable revenue for the federal government, crucial for meeting the government’s 2022 fiscal targets. In particular it looks to close existing tax…

Somalia faces long road to economic reconstruction

Location:

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…