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Ethiopia implements taxation overhaul to address USAID funding gap

Ethiopia’s parliament has enacted a sweeping tax reform targeting both private and public sector employees to fill the financial void created by USAID’s recent funding suspension. The newly established Ethiopian Disaster Risk Response Fund will channel these tax revenues toward critical projects previously sustained by USAID, which had been Ethiopia’s foremost development and humanitarian partner. […]

Tariffs and tensions: African exports to U.S. face sharp decline amid policy shifts

African exports to the United States are projected to drop by as much as 21.5% as new U.S. tariffs take effect, according to joint research by the Economic Commission for Africa (ECA), African Union Commission (AUC), and African Development Bank (AfDB). The protectionist move, part of a broader trade policy under President Donald Trump, has […]

China seeks military base in Africa as West loses ground- Think Tank

China is reportedly seeking a new military base in Africa, building on growing anti-western sentiment as it seeks to strengthen its foothold in a continent that is increasingly coveted, the London-based Chatham House Think tank wrote. “For over three decades, every Chinese foreign minister’s first overseas trip of the year has been to Africa. This […]