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For businesses and households, the shift means higher tax burdens as policymakers return to a more aggressive revenue mobilisation push.

For a long time, Africa’s investment landscape has been framed as a market-size problem. Over time, it appeared that the solution was simply to scale up: bigger populations, faster urbanisation, rising consumption. Yet capital inflows remained uneven.

The topline figure represents the cumulative difference between the previous capital regime implemented in 2015 and the newly approved requirements across all affected categories.

The trade concession, announced on Thursday by the Ministry of Trade, comes as East Africa’s largest economy remains heavily dependent on imports from China.
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To avoid an artificial spike in December’s headline inflation, the NBS replaced the single-month reference point, set as December 2024 during last year’s rebasing, to a 12-month index reference period averaging all months of 2024.

When Musa, a food commodities trader in southwest Nigeria, secured a buyer in Accra, the distance looked manageable. The route hugged the Atlantic coastline, demand was strong, and the margins worked on paper. Then came the borders.

Nigeria’s new tax reform redraws how companies structure themselves, by widening the tax net while scaling back the myriad of overlapping levies previously imposed on large businesses.

Zambia’s external debt rose to $16bn in Q3 2025, driven by growing reliance on multilateral loans as market access stayed limited after its 2020 default.