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Kenyans are facing significant tax hikes coupled with shrinking incomes, contributing to a growing discontent about the government’s fiscal management. Payroll taxes, excise taxes, and import taxes have all seen …
Kenyans Feel Overwhelmed by Rising Taxes Amid Economic Struggles Read More
President Bola Tinubu’s proposed foreign loans could push Nigeria’s public debt from N144.67 trillion to over N182.91 trillion by 2026. Economists express concerns over sustainability and debt management as Nigeria’s …
Nigeria Faces Debt Surge with Fresh $24bn Borrowing Proposal Read More
Nigerians spent $2.41 million on medical tourism in 2024, a 36.91% decrease from $3.82 million in 2023. The spending was predominantly concentrated in the first half of the year, with …
Nigerians Reduce Spending on Medical Tourism: 2024 Report Indicates $2.41 Million Expenditure Read More
Americanas reported a Q1 net loss of 496 million reais, a stark decline from last year’s profit due, in part, to the Easter holiday falling into the second quarter. Adjusted …
Americanas Reports Q1 Loss of 496 Million Reais, Blames Easter Timing Read More
South Africa’s finance ministry has decided not to increase VAT from 15% as planned due to political opposition. This decision will result in a significant revenue shortfall of approximately 75 …
South Africa Reverses Planned VAT Increase Amid Political Opposition Read More
The South African finance ministry has announced there will be no increase to value-added tax (VAT) slated for May 1, as initially proposed in the 2025 budget. The decision follows …
South Africa Withdraws Planned VAT Increase Amid Political Opposition Read More
Fitch projects Nigeria’s external debt service to rise to $5.2 billion in 2025 from $4.7 billion in 2024, with significant repayments including $1.1 billion due for a Eurobond. Concerns about …
Fitch Projects Significant Increase in Nigeria’s External Debt Service for 2025 Read More
Kenya has launched the 2025 Medium-Term Debt Strategy to enhance public debt management by minimizing costs, reducing risks, and ensuring sustainability. The strategy targets a lessening of Treasury bills, a …
Kenya Introduces 2025 Medium-Term Debt Strategy to Enhance Debt Management Read More
Nigeria will begin repaying a $500 million loan from the World Bank in 2029, with the loan focused on enhancing primary healthcare services. It entails a structured repayment plan over …
Nigeria to Commence $500 Million Health Loan Repayment in 2029 Read More
Namibia’s economy expanded to N$245.1 billion in 2024 from N$228.9 billion in 2023, marking a growth of N$16.2 billion. The Namibia Statistics Agency reported a 3.7% increase in real value …
Namibia’s Economy Grows to N$245 Billion in 2024 but Faces Challenges Read More