Senegal Adopts New Tax Reform to Boost Domestic Revenue
Senegal’s National Assembly on Thursday, September 18, has passed a significant tax reform bill, Law No. 17/2025, amending the country’s General Tax Code. The legislation […]
Finance
UEMOA Economic Growth Moderates Slightly Amid Stable Inflation
The West African Economic and Monetary Union (UEMOA) experienced a slight moderation in economic growth during the second quarter of 2025, with GDP expanding by […]
Egypt Targets $20 Billion Annual Debt Reduction Under New Economic Plan
Egypt has unveiled a new economic strategy with the ambitious goal of reducing its external debt burden by $1-2 billion annually. The plan is a […]
Zambia’s Central Bank Warns of Escalating Cyber Threats to Financial Sector
The Bank of Zambia on Wednesday, September 17, has raised an alarm over increasing cyber threats targeting the nation’s banking industry. Governor Denny Kalyalya stated […]
Uganda Projects 8% Annual Growth Ahead of Oil Production Boom
Uganda’s economy is forecast to expand by an average of 8% annually over the next five years, fuelled by anticipated oil production and heavy investments […]
Nigeria Postpones Fuel Surcharge to 2026 Amid Economic Pressures
Nigeria has delayed the implementation of its new tax law, which includes a 5% fuel surcharge on petrol, diesel and other fossil fuels, until January […]
Rebel-Held Bukavu Struggles with Damaged Banknotes Amid Cash Shortage
Residents of Bukavu, the capital of South Kivu province in eastern Democratic Republic of Congo, are grappling with a severe cash shortage that has forced […]
Ghana Declared Ineligible for U.S. Millennium Challenge Compact Aid in FY 2026
Ghana has been ruled ineligible to receive foreign assistance from the United States under the Millennium Challenge Compact (MCC) for the 2026 financial year. The […]
Egypt Unveils New Economic Narrative, Targets 7% GDP Growth by 2030
Egypt’s Minister of Planning, Economic Development, and International Cooperation, Dr Rania Al-Mashat, announced on Sunday, September 7, that the country is aiming for 7 percent […]
New AfDB President Sidi Ould Tah Calls for Paradigm Shift to Tackle Africa’s Challenges
Mauritanian economist Sidi Ould Tah officially assumed office on 1 September 2025 as the ninth president of the African Development Bank (AfDB), pledging to build […]