A Book to Help One Understand the Root of Corruption in South Africa
The new book The Unaccountables: The Powerful Politicians and Corporations who Profit from Impunity is welcome for the way it contextualises corruption. It shows how politicians and bureaucrats could not implement corruption without their corporate and professional enablers – the accountants, auditors and advocates who make it all possible. The book fills some gaps in media reports. […]
An Initiative to Boost the African Air Economy
15 African countries have agreed to further unify the continent by easing travel restrictions. Dubbed the Single African Air Transport Market (SAATM), this initiative has won 15 signatures from 15 African countries that have all agreed to merge to some degree their aviation markets. The initiative was launched in January 2018 but enjoyed little to […]
The Crypto Winter is Now Triggering Layoffs at Nigerian Crypto Companies
At least two startups, Quidax and Lazerpay, have acknowledged their ongoing pains. Quidax, an exchange that has processed over $3 billion in crypto transactions, laid off a fifth of its staff last week, citing a need to be “more capital-efficient” to survive the downturn. The four-year-old company laid off employees from its marketing, engineering, business, […]
The UN May Be Set to Assume a Global Role in Tax Policy that would Rival the OECD
UN experts welcomed the adoption of a resolution presented by the African group, calling on Member states to lay the groundwork for a new UN convention on tax that would give low-and middle-income countries decision-making power over global tax affairs. The resolution adopted at the 77th Session of the UN General Assembly last week, called […]
What to Expect at the US-Africa Leaders Summit
The US-Africa Leaders Summit takes place in Washington, DC, from December 13 to 15 2022. With 49 African leaders invited, the meeting is due to cover multiple aspects of the relationship between the US and Africa, including economic engagement, security, education, health and climate-related issues. Florie Liser has headed the Washington-based Corporate Council on Africa […]
Details of the EU’s $150bn Global Gateway Plan for Africa
Moussa Faki Mahamat, the Chairperson of the AU Commission, and Ursula von der Leyen, the EU Commission President, met in Brussels just a few months after the European Union-Africa Summit was held last February. The Global Gateway represents a shift in the EU’s foreign policy from development aid to investments in key infrastructure projects and […]
An Opportunity to Work on the Future of African Finance
Over 800 continental finance leaders, bankers, insurers, regulators, central bank governors, public policymakers, innovators, fintech leaders and journalists converged in Lome, Togo, for the African Financial Industry Summit. The goal was to discuss and develop solutions to expedite the continent’s economic recovery in the face of the ongoing global economic crises through the development of […]
Taxing South Africa’s Wealthy More, Won’t Reverse Inequality
The argument by the Organisation for Economic Cooperation and Development (OECD) that tightening South Africa’s wealth tax regime would rebalance generational inequality has a fundamental flaw: it targets a “flighty” base, says an expert from the African Tax Institute. Economists Isabell Koske and Falilou Fall, from the OECD, make the case that there is scope […]
New Funding for the Construction of a 200km Highway between Dakar and Saint-Louis
The longstanding project, which will connect Senegal’s capital city to its centre for sugar production, and planned hub for offshore gas exploitation, Saint Louis, will move forward with a €166.36m loan from the African Development Bank (AfDB). In 2019, a feasibility study by the AfDB estimated the project’s total cost at $870m. For the moment […]
A Secure, User-friendly e-Commerce Platform to Connect Global Buyers with African Companies
Ghanaian startup Africa Goodnest is an e-commerce and logistics platform that creates access to local and external markets, supports smallholder agricultural businesses, and distributes value-added agricultural products. Africa Goodnest exists to support producers who manufacture finished, value-added goods, which in turn goes to support smallholder agricultural farmers, reduce Africa’s reliance on raw commodity exports and […]
