Author
Sudan is planing to end all subsidies on food and fuel by 2019 as it forecasts to earn $4 billion per year in remittances following the the lifting of U.S. sanctions, the Minister of State for Finance Magdi Hassan Yasin …
Continue readingIn an effort to shore up the federal government’s revenue base, Nigeria’s Federal Executive Council (FEC) has approved a new tax regime, just as it announced its intention to raise taxes on luxury goods. Also, the council constituted a task …
Continue readingThe Nigerian economy recorded its worst investment inflow in 10 years with the country attracting a total investment of $5.12bn in the 2016 fiscal period. The $5.12bn investment figure, when compared to the $9.64bn that the economy attracted in 2015, …
Continue readingNigeria plans to apply for a $1-billion loan from the World Bank to support this year’s budget once lawmakers approve the government’s spending proposals, Finance Minister Kemi Adeosun said.
The West African nation is also likely to “kick off” its …
Continue readingAfrica is not likely to emerge as one of US President Donald Trump’s foreign policy priorities. But the continent is almost certain to be affected by the fallout from his hardline foreign policy views, his strong anti-Muslim pronouncements, his vow …
Continue readingOn 26 January, the Gambia’s new president Adama Barrow, returned to the country amidst widespread celebrations.
It had taken a long and tense process involving mediation from several regional presidents and a brief military intervention to convince his predecessor Yahya …
Continue readingThe Nigerian Navy said on Wednesday that it seized 810,725 metric tonnes of stolen crude in 2016 alone. The service also seized 1,078,104 metric tonnes of illegally-refined diesel last year and destroyed 181 illegal refineries. It also arrested 33 vessels.…
Continue readingGhana’s new government has inherited a budget deficit of around 10 percent of economic output, Finance Minister Ken Ofori-Atta told Reuters on Wednesday, double the 2016 target set by the previous government.
A deficit higher than the target would reduce …
Continue readingItaly set up a fund to help African countries better seal their borders in a bid to keep migrants from boarding flimsy and often deadly rubber boats bound for Europe, the foreign minister said on Wednesday.
Foreign Minister Angelino Alfano’s …
Continue readingIn 2016, real GDP growth in sub-Saharan Africa is estimated to have been the weakest since the 2008-09 global financial crisis. This was largely because of the poor performance in its two largest economies, South Africa and Nigeria, which together …
Continue reading
