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The new African Continental Free Trade Area (AfCFTA) could transform Africa’s economic prospects. The World Bank estimates the AfCFTA could lift more than 30 million Africans out of extreme poverty (defined as having an income of less than $1.90 per …
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Digitizing informal trade is the multi-billion-dollar challenge for the next wave of African tech unicorns. If they succeed it will be transformative for a continent where near 90% of employment is informal.
Flutterwave, a Nigerian payments company, is now worth
On November 26th, 2021, reports emerged that China would take over the Entebbe International airport in Uganda, the latter’s only airport. The move was due to the inability of Uganda to repay the $207 it borrowed from the Chinese government. …
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Last week was the 51st anniversary of Nigeria and China establishing diplomatic relations. However, the event was dampened following recent statements by Nigeria’s transport minister, Rotimi Amaechi, who implied there was a significant shift in a crucial aspect of the
Common perceptions about Chinese engagement in Africa are that it is one-dimensional and sometimes biased. One common problem with this perception is the seeming acceptance of what’s called ‘methodological nationalism’ – that the national origin of a firm or agency …
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In the recently published 2021 Human Freedom Index (HFI) authored by experts at the Cato Institute and Fraser Institute, Nigeria placed 123rd among 165 countries and territories ranked in the study. One relatable consequence of this poor placement is that …
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On 17 November 2021, Ghana’s finance minister Ken Ofori-Atta announced the government’s plan to introduce an electronic transaction levy (E-levy) during his 2022 budget statement reading. He mentioned that the move was necessary to “widen the tax net,” which would …
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The debate on the benefits of trade has dominated this decade, and Africa has cast its vote for more and better trade with itself. In March 2018, African countries signed a landmark trade agreement, the African Continental Free Trade Area
The Federal Government has imposed a sugar tax of N10 per liter on all non-alcoholic, carbonated, and sweetened beverages in the country. This charge is one of the new policies included in the Finance Act, which President Muhammadu Buhari signed …
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Foremost international financial institutions have opined that Nigerians need to pay more tax to finance the country’s development drive. But Nigerian businesses have to deal with numerous macro-environment issues and multiple taxations. In the midst of the argument on not …
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