Recently the Organization for Economic Cooperation and Development (OECD) announced that it will commence a new program under the Tax Inspectors without Borders (TIWB) initiative in Botswana, Cameroon, Ethiopia, Liberia, Malawi and Nigeria. TIWB is a joint initiative of the OECD and United Nations Development Programme (UNDP) designed to support developing countries to build tax […]
The creation of a stand- alone Tourism Ministry and the appointment of a new Cabinet Secretary for Tourism has injected a dose of optimism and excitement in the tourism sector, given the rise in international tourism. According to the United Nations World Tourism Organisation (UNWTO), the international overnight visitor arrivals globally grew by 4 per cent in […]
With an expanding middle class, East Africa has huge potential for economic growth and development through foreign direct investment (FDI) in natural resources and technological innovation. The World Bank 2015 Ease of Doing Business Report, which compares the business regulations for domestic firms in 189 countries, ranks Rwanda as the top country for ease of doing business […]
With Africa’s population set to soar over the next ten years, it is vital that entrepreneurs are given the opportunity to thrive The world’s population is set to grow by 1 billion by 2025. Africa, the second most populous continent, should see its population rise from just over 1 billion to nearly 1.5 billion people. How would […]
Succeeding a period of rapid urbanisation and strong economic growth, Africa is well on its way to becoming markedly digital. With about 300 million internet users and over 850 million active mobile subscriptions on the continent, this picture continues to develop. The evolving digital landscape is impacting consumer behaviour and, in turn, influencing African […]
Africa’s thriving economies have an undeniable link to the success of technology on the continent. Though, with these advancements comes the threat of hacking, cybercrimes and malware. Cyber security is a growing concern for African organisations, as technology evolves, so will the nature and prevalence of cyber threats. Much like taxes and death, cyber security […]
To be successful, a healthcare fund requires the flexibility to target both smaller and larger entities, manage inherent risks and to be deployed by professionals who operate on the ground. This report offers a series of insights from a remarkable journey – the journey of a private equity firm into a field that, historically, has been […]
The current economic landscape calls for conscientious efforts in optimizing value from scarce resources, while keeping costs at the minimum. In response to the economic headwinds, organisations have had to adopt various cost- cutting measures over the last few months. Whilst there is nothing wrong in cutting cost, organisations need to realize that they cannot cut […]
Every year, the World Economic Forum (WEF) on Africa changes location. Why was Kigali, Rwanda’s capital city, chosen to host the 2016 edition? Following civil unrest and genocide in 1994, Rwanda has transformed itself to become a model for other countries in Africa in terms of good governance, low levels of corruption and crime, personal […]
The current state of the international crude oil market has had an obvious distressing impact on Nigeria’s economy. For the first time in decades, the Federal Government is placing heavy reliance, compared to prior years, on tax revenue to fund its budget. The revenue authorities now have a huge responsibility thrust upon them, and are […]
2016 Africa Indirect Tax Country Guide Seven of the world’s fastest growing economies are in Africa. This makes Africa a key strategic growth imperative for most global corporations who would, while conducting their business operations, ultimately create a Value Added/Goods and Sales Tax (VAT/ GST) footprint. Realizing the potential for indirect taxes to contribute a […]
Creating an efficient tax system in Nigeria- A case for implementation of the Integrated Tax Administration System
Policy makers around the world are increasingly interested in the tax systems of various countries, especially as regards the ease of tax compliance. Indeed, the ease of paying taxes is part of the factors considered in the World Bank’s global competiveness survey. This is measured using various indicators, such as the number of taxes paid, […]
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