Africa boosted fiscal revenues in 2023 through improved tax transparency — report

Seven African countries collected $2.4 billion of additional revenue through tax transparency, exchange of information and related measures in 2023 than over the 13 preceding years combined, a new progress report for the so-called Africa Initiative has found. Launched at a recent 15th Meeting of the Africa Initiative in Lomé, Togo, the Tax Transparency in […]

Zambia reduces power generation from Kariba Dam

Zambia has reduced hydropower production at the Kariba Dam because of rapidly declining water levels at the world’s biggest man-made reservoir. The power station straddles the border with Zimbabwe and supply both countries with electricity. According to Reuters, the two countries have agreed to reduce electricity production on each side of the border, from about […]

Intra-African trade poised to double in next five years- AfCFTA Secretary General

Intra-African trade, still beyond potential, is poised to grow two-fold in the upcoming five years, secretary general of the African Continental Free Trade Area, Wamkele Mene, said. The African Continental Free Trade Area (AfCFTA) is the world’s largest free trade agreement by number of countries, territory, and population, encompassing 54 African Union member states. Covering […]