Economy
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How Nigeria’s new revenue collection system, TMRAS, will impact businesses, government revenue, and tax compliance.
The initiative includes $6 billion from municipal revenue and borrowing, a $2 billion World Bank loan and $1 billion in central government funding.
The new spending plan is 18% less than the estimates of the previous budget as the government continues to tighten its finances.
President Trump’s recent trade wars evoke fear that Africa duty-free export program (AGOA) may not be extended when it expires in September.
South Africa’s minibus taxi industry dominates public transport but pays little tax. Here’s why enforcing compliance remains a challenge.
The directive comes as banks prepare to meet a new total core capital requirement of $77.7 million by 2029.
During the 2023/2024 fiscal year, Kenya spent a staggering $12.6 billion on debt servicing, representing 68% of its total revenue.
With inflation holding steady, all eyes are on South Africa’s central bank ahead of its rate decision on Thursday.
The approved budget lowers revenue expectations but increased spending, raising more concerns about the country’s fiscal deficit
Despite the persistent decline in business conditions in the sector, manufacturers remain cautiously optimistic about the medium-term outlook.