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Fiscal Policy

Data says Nigeria overspent by $9.8 billion in 2024. Finance Minister has other numbers

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

A “debt” wrecking ball swinging towards the Nigerian flag framed in the country’s shape

Ethiopia’s 2025/26 budget hits historic high, but currency float slashes dollar value by 30%

Author

Author

IMF $1.8bn freeze drags on, pushing Senegal deeper into regional debt

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

The International Monetary Fund logo on a wall

Faster growth and fiscal discipline key to South Africa’s credit upgrade, says S&P

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

The S&P Global logo is displayed on its offices in the financial district in New York City, United States

Ghana’s ex-finance minister back on wanted list after no-show at interrogation

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Ghana’s former finance minister, Ken Ofori-Atta

Nigeria’s tax agencies launch joint committee to overhaul its tax revenue system

Author

  • Nasiru Ibrahim

    Nasiru Ibrahim is a dedicated journalist, reporter, and writer with a strong academic background in Economics. He combines in-depth research with clear, accessible writing to produce insightful articles on finance, technology, and socio-economic issues. His work has been featured across various newspapers and online platforms, where he is known for making complex topics understandable to the general public. With over five years of experience in business and journalism, Nasiru has developed a reputation for critical thinking and data-driven analysis. He is currently conducting research on “Inflation as an Invisible Tax”, exploring its hidden impacts on livelihoods. You can connect with him on Linkedin Nasiru Ibrahim

Author

  • Nasiru Ibrahim

    Nasiru Ibrahim is a dedicated journalist, reporter, and writer with a strong academic background in Economics. He combines in-depth research with clear, accessible writing to produce insightful articles on finance, technology, and socio-economic issues. His work has been featured across various newspapers and online platforms, where he is known for making complex topics understandable to the general public. With over five years of experience in business and journalism, Nasiru has developed a reputation for critical thinking and data-driven analysis. He is currently conducting research on “Inflation as an Invisible Tax”, exploring its hidden impacts on livelihoods. You can connect with him on Linkedin Nasiru Ibrahim

Mozambique to receive $7.5 million from gambling tax to fund budget

Author

Author

Nigeria cuts fiscal deficit, grows at 3.4% despite inflation pressures says World Bank

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Wooden blocks with letters that spell GDP sitting on gold coins

Kenya’s second revenue downgrade widens 2025/26 fiscal deficit to $6.8bn

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

How African countries are combating tax evasion on the road

Author

  • Majesty Kingsley

    Majesty is a law graduate, tax enthusiast, and creative writer.

    She co-founded the Tax Club at the University of Port Harcourt and served as its pioneer Vice President, creating a platform for students to engage with real-world tax issues. Let’s catch up here.

Author

  • Majesty Kingsley

    Majesty is a law graduate, tax enthusiast, and creative writer.

    She co-founded the Tax Club at the University of Port Harcourt and served as its pioneer Vice President, creating a platform for students to engage with real-world tax issues. Let’s catch up here.

Ivory Coast warns of higher cocoa costs as U.S. tariff threat looms

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

A cargo ship loaded with various sizes of freight containers, with the Ivorian flag superimposed on the image.

Major non-oil exports from Africa to take a hit from Trump’s tariffs

Author

Author

Aerial view of a major international seaport with large container cranes, numerous shipping containers, and cargo ships anchored offshore.

Why South African companies should brace up for a 1% VAT hike

Author

  • Majesty Kingsley

    Majesty is a law graduate, tax enthusiast, and creative writer.

    She co-founded the Tax Club at the University of Port Harcourt and served as its pioneer Vice President, creating a platform for students to engage with real-world tax issues. Let’s catch up here.

Author

  • Majesty Kingsley

    Majesty is a law graduate, tax enthusiast, and creative writer.

    She co-founded the Tax Club at the University of Port Harcourt and served as its pioneer Vice President, creating a platform for students to engage with real-world tax issues. Let’s catch up here.

South Africa’s budget crisis deepens as VAT hike faces fresh scrutiny

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Six stacks of golden coins arranged in ascending order, with wooden cubes on top spelling out 'BUDGET'

Top 10 African nations Trump says are overtaxing the U.S. — and what the data really shows

Author

  • Emmanuel Paul

    I’m building Finance in Africa, a platform making financial information on banking, insurance, capital markets, and fintech across the continent more accessible and actionable. My work sits at the intersection of journalism, finance, and storytelling—with a focus on driving industry insight and professional relevance.

    Previously, I was Brand Storyteller at Moniepoint, where I led thought leadership and business storytelling that shaped investor conversations and unlocked partnerships. I also served as Managing Editor at Techpoint Africa, where I directed coverage of Africa’s fintech and innovation economy. I’ve developed industry reports, interviewed global tech leaders, and co-produced events and podcasts that reached hundreds of thousands.

    Let’s connect on LinkedIn or Twitter (sorry X), or send tips to emmanuel@financeinafrica.com.

Author

  • Emmanuel Paul

    I’m building Finance in Africa, a platform making financial information on banking, insurance, capital markets, and fintech across the continent more accessible and actionable. My work sits at the intersection of journalism, finance, and storytelling—with a focus on driving industry insight and professional relevance.

    Previously, I was Brand Storyteller at Moniepoint, where I led thought leadership and business storytelling that shaped investor conversations and unlocked partnerships. I also served as Managing Editor at Techpoint Africa, where I directed coverage of Africa’s fintech and innovation economy. I’ve developed industry reports, interviewed global tech leaders, and co-produced events and podcasts that reached hundreds of thousands.

    Let’s connect on LinkedIn or Twitter (sorry X), or send tips to emmanuel@financeinafrica.com.

10 African countries hit hardest by Trump’s new reciprocal tariffs

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

  • Amarachi Orjiude-Ndibe

    Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

    At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

    Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Aerial view of a major international seaport with large container cranes, numerous shipping containers, and cargo ships anchored offshore.

“You no longer need the taxman’s credit notes to offset your taxes” – Nigeria’s tax policy leader on new WHT rules

Author

  • Majesty Kingsley

    Majesty is a law graduate, tax enthusiast, and creative writer.

    She co-founded the Tax Club at the University of Port Harcourt and served as its pioneer Vice President, creating a platform for students to engage with real-world tax issues. Let’s catch up here.

Author

  • Majesty Kingsley

    Majesty is a law graduate, tax enthusiast, and creative writer.

    She co-founded the Tax Club at the University of Port Harcourt and served as its pioneer Vice President, creating a platform for students to engage with real-world tax issues. Let’s catch up here.

New data from the Central Bank of Nigeria (CBN), reveals a federal government fiscal deficit of $9.8 billion in 2024—more than double the $4.2 billion figure reported by the Ministry of Finance just weeks earlier.

Ethiopia’s Council of Ministers has approved a historic $15.4 billion budget for the 2025/26 fiscal year, marking a 60% increase from the previous year.

The IMF’s $1.8 billion funding freeze in Senegal has pushed the country to rely more on regional debt markets amid fallout from a major debt misreporting scandal.

S&P Global Ratings says South Africa’s first credit upgrade in 20 years hinges on stronger economic growth, credible fiscal consolidation, and avoiding fresh bailouts for state-owned firms.

Ghana’s Special Prosecutor has re-listed former finance minister Ken Ofori-Atta as a wanted person after he failed to honour a summons for questioning on Monday.

FIRS and RMAFC launch joint committee to enhance tax tracking, boost transparency, and cut oil reliance as tax revenue now makes up 65% of shared government funds in 2024.

The Mozambican government expects to collect 500 million meticais ( about $7.5 million) in taxes from casinos and gambling activities in 2025.

Nigeria’s economy expanded 2024 — the fastest annual growth in nearly a decade — driven by strong fourth-quarter momentum in key sectors and an improved fiscal position.

Kenya has once again slashed its revenue projections for the fiscal year that starts July 1, pushing the expected fiscal deficit to $6.8 billion or 4.5% of gross domestic product (GDP), according to the latest figures from the Medium-Term Fiscal Framework.

Ivory Coast, the world’s leading cocoa producer, is considering taking steps that could drive up global cocoa prices in response to Trump’s steep 21% tariff on its U.S. exports.

South Africa is now weighing alternative revenue-raising options to the proposed VAT increase — the issue at the heart of the country’s ongoing budget impasse and growing political tensions.

President Trump enforces sweeping tariffs, including a 10% global rate and steeper levies on nations with trade surpluses, sparking global outrage and hitting smaller economies hardest.

Top stories

Data says Nigeria overspent by $9.8 billion in 2024. Finance Minister has other numbers

Data says Nigeria overspent by $9.8 billion in 2024. Finance Minister has other numbers

Glaring discrepancies in official fiscal data are fuelling fresh doubts about the true scale of Nigeria’s financial woes.

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Ethiopia’s 2025/26 budget hits historic high, but currency float slashes dollar value by 30%

Ethiopia’s 2025/26 budget hits historic high, but currency float slashes dollar value by 30%

Despite Ethiopia’s budget nominal rise, the budget’s value in US dollars has declined by 30% due to the Birr’s depreciation.

Follow the story
IMF $1.8bn freeze drags on, pushing Senegal deeper into regional debt

IMF $1.8bn freeze drags on, pushing Senegal deeper into regional debt

While the IMF praised the West African nation for its efforts to improve tax compliance and reduce reliance on external financing, it noted that these initiatives will have no impact on the ongoing misreporting case that led to the suspension of disbursements.

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Faster growth and fiscal discipline key to South Africa’s credit upgrade, says S&P

Faster growth and fiscal discipline key to South Africa’s credit upgrade, says S&P

The African nation has held a sub-investment grade ‘BB-/B’ foreign currency rating since 2020, following years of slow growth, mounting debt, and large-scale bailouts for state-owned enterprises.

Follow the story
Ghana’s ex-finance minister back on wanted list after no-show at interrogation

Ghana’s ex-finance minister back on wanted list after no-show at interrogation

In addition to the renewed warrant, the special prosecutor has begun the process of issuing an Interpol red alert for the former minister’s arrest and extradition to Ghana.

Follow the story
Nigeria’s tax agencies launch joint committee to overhaul its tax revenue system

Nigeria’s tax agencies launch joint committee to overhaul its tax revenue system

FIRS and RMAFC have formed a joint committee to enhance tax revenue monitoring, marking a strategic move toward fiscal transparency and reducing Nigeria’s reliance on volatile oil income

Follow the story
Mozambique to receive $7.5 million from gambling tax to fund budget

Mozambique to receive $7.5 million from gambling tax to fund budget

The Mozambican government expects to collect 500 million meticais ( about $7.5 million) in taxes from casinos and gambling activities in 2025.

Follow the story
Nigeria cuts fiscal deficit, grows at 3.4% despite inflation pressures says World Bank

Nigeria cuts fiscal deficit, grows at 3.4% despite inflation pressures says World Bank

According to the multilateral lender, Nigeria’s 2024 economic growth was the strongest since 2014, driven by robust fourth-quarter momentum and an improved fiscal position.

Follow the story
Kenya’s second revenue downgrade widens 2025/26 fiscal deficit to $6.8bn

Kenya’s second revenue downgrade widens 2025/26 fiscal deficit to $6.8bn

Despite the expansion, the fiscal gap falls within the National Treasury’s target of 4.5 percent of GDP—an improvement from the deficits recorded in 2023/24 and 2024/25, which stood at 5.3 percent and 5.1 percent of GDP respectively.

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How African countries are combating tax evasion on the road

How African countries are combating tax evasion on the road

Africa tackles tax evasion in the ride-hailing sector with new policies, balancing growth, innovation, and fair contributions to the economy.

Follow the story
Ivory Coast warns of higher cocoa costs as U.S. tariff threat looms

Ivory Coast warns of higher cocoa costs as U.S. tariff threat looms

While global commodity markets largely determine cocoa prices, the African nation could raise export taxes on its cocoa shipments to increase revenue, pushing up costs for buyers.

Follow the story
Major non-oil exports from Africa to take a hit from Trump’s tariffs

Major non-oil exports from Africa to take a hit from Trump’s tariffs

Non-oil exports from Africa to the U.S. have grown 241% since 2001. That growth is now in danger. Tariffs of 21% on cocoa and 54% on textiles could wipe out years of trade progress under AGOA.

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Why South African companies should brace up for a 1% VAT hike

Why South African companies should brace up for a 1% VAT hike

South Africa’s planned VAT increase in 2025-2026 may affect businesses and consumers, with potential impacts on pricing, demand, and investment.

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South Africa’s budget crisis deepens as VAT hike faces fresh scrutiny

South Africa’s budget crisis deepens as VAT hike faces fresh scrutiny

Despite overcoming two major parliamentary hurdles, the budget remains at an impasse as tensions between the country’s biggest political parties escalate

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Top 10 African nations Trump says are overtaxing the U.S. — and what the data really shows

Top 10 African nations Trump says are overtaxing the U.S. — and what the data really shows

In this special report, we examine the top 10 African countries targeted by the Trump administration’s new “reciprocal tariffs” and compare the claimed rates to the actual WTO-verified tariffs — both simple and trade-weighted.

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10 African countries hit hardest by Trump’s new reciprocal tariffs

10 African countries hit hardest by Trump’s new reciprocal tariffs

Trump’s new tariff structure, set to take effect on April 9, will hit over 50 African countries—targeting some of the continent’s poorest and most vulnerable economies. The sweeping levies threaten to shake the foundations of long-standing US-Africa trade agreements.

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“You no longer need the taxman’s credit notes to offset your taxes” – Nigeria’s tax policy leader on new WHT rules

“You no longer need the taxman’s credit notes to offset your taxes” – Nigeria’s tax policy leader on new WHT rules

New withholding tax rules will make companies handle tax deductions differently, impacting compliance and business operations.

Follow the story

New data from the Central Bank of Nigeria (CBN), reveals a federal government fiscal deficit of $9.8 billion in 2024—more than double the $4.2 billion figure reported by the Ministry of Finance just weeks earlier.

Ethiopia’s Council of Ministers has approved a historic $15.4 billion budget for the 2025/26 fiscal year, marking a 60% increase from the previous year.

The IMF’s $1.8 billion funding freeze in Senegal has pushed the country to rely more on regional debt markets amid fallout from a major debt misreporting scandal.

S&P Global Ratings says South Africa’s first credit upgrade in 20 years hinges on stronger economic growth, credible fiscal consolidation, and avoiding fresh bailouts for state-owned firms.

Ghana’s Special Prosecutor has re-listed former finance minister Ken Ofori-Atta as a wanted person after he failed to honour a summons for questioning on Monday.

FIRS and RMAFC launch joint committee to enhance tax tracking, boost transparency, and cut oil reliance as tax revenue now makes up 65% of shared government funds in 2024.

The Mozambican government expects to collect 500 million meticais ( about $7.5 million) in taxes from casinos and gambling activities in 2025.

Nigeria’s economy expanded 2024 — the fastest annual growth in nearly a decade — driven by strong fourth-quarter momentum in key sectors and an improved fiscal position.

Kenya has once again slashed its revenue projections for the fiscal year that starts July 1, pushing the expected fiscal deficit to $6.8 billion or 4.5% of gross domestic product (GDP), according to the latest figures from the Medium-Term Fiscal Framework.

Ivory Coast, the world’s leading cocoa producer, is considering taking steps that could drive up global cocoa prices in response to Trump’s steep 21% tariff on its U.S. exports.

South Africa is now weighing alternative revenue-raising options to the proposed VAT increase — the issue at the heart of the country’s ongoing budget impasse and growing political tensions.

President Trump enforces sweeping tariffs, including a 10% global rate and steeper levies on nations with trade surpluses, sparking global outrage and hitting smaller economies hardest.

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