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China-Africa Expo: despite many ‘deals’, 37 African countries still in trade deficit
As the third China-Africa Economic and Trade Expo (CAETE) concluded in Changsha on Sunday June 2, with $10.3 billion worth of projects signed, analysts say that the economic cooperation between both sides will need to build on past lessons and successes to really reshape China-Africa trade. With bilateral trade between China and Africa totaling $282 […]
Burkina Faso increases defense budget by nearly 50 per cent for 2023
Burkina Faso authorities have budgeted $1.09 billion for defense expenditure this year, an increase of 49.43 per cent compared to last year, to address security concerns caused by terrorism activities. The West African country has been grappling with insecurity caused by terrorists and a political instability. The central government has lost around 40 per cent […]
Egypt : 10% tax on capital gains and stock dividends introduced
One of the first economic reforms under President Al-Sisi has been announced. Henceforth, a 10% tax will be levied on capital gains and stock dividends but the percentage could be lowered to 5% in some cases. The taxes are expected to generate between 3,5 and 4,5million Egyptian pounds. The new law was approved by the […]



