Economy
Top stories
Withholding tax , Revolut’s South Africa landing, asset and Trump’s Africa tariff list—here’s what mattered last week on Finance in Africa
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.
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.
Despite the expansion, the country’s foreign reserves remain robust, keeping the shilling stable.
The central bank has indicated it could lower its benchmark rate if inflationary pressures persist in easing.
The path of contentious spending plan remains uncertain despite clearing its first parliamentary hurdle on Tuesday after multiple rejections
Despite the uptick, inflation has remained below the CBK’s 5% target for the past nine months, largely due to a resilient shilling.
Despite gaining four points in March, the PMI remains below the 50-point threshold, indicating ongoing contraction in the sector.
Inflation remains stubbornly high in the cocoa-producing West African nation, well above the government’s targets.
The shift is expected to help the government to boost public finances and stimulate overall economic growth.
TMRAS introduced by Nigeria’s OAGF has left Nigerians confused on the position of Remita. This article answers questions about the revenue system.
Prior to this announcement, the copper-producer has been experiencing a steady rise in inflation since June 2023.
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.
