Africalytics

03/16/2023

Accelerating revenue collection such reforms include the war on graft, rationalizing the tax system, enhancing transparency in the mining sector, and freely providing beneficial ownership information for awarded government contracts.
However, the lender wants Kinshasa to accelerate revenue collection and contain current spending in efforts to “build fiscal space to address the security situation”, among other reforms in public financial management.

Source: ZAWYA https://lnkd.in/g_bsZx9y

03/16/2023

Now, with this latest action by FATF, Nigeria risks being blacklisted by global financial bodies, according to the Center for Financial Surveillance and Illicit Transaction Tracking Group (CSITT).
It takes from two to five years for countries in the gray list to address the issues and deficiencies that put them on the list, and be taken off the list after the mandatory requirements are affirmed by FATF.

Source: https://lnkd.in/d4J5975P

03/15/2023

South Africa: The health care union has been demanding a 10 percent wage hike, but the government offered 4.7 percent, according to local media SABC News.
The union said in a statement on Sunday that “no amount of litigation or intimidation by the government will deter us from this noble worthy cause that we have embarked on”.

Source: https://lnkd.in/gkYGWQ-R

03/15/2023

News emerged over the past few days that the Iberian countries were in talks to include Morocco following the revelation around Ukraine’s federation.
Morocco remains hopeful that the national team’s triumphs at the 2022 World Cup will help the country win the bid.
Last year, the country’s team reached the semi-finals of the tournament, becoming the first African team to do so and establishing itself as a strong player in world football.
Source: https://lnkd.in/gh8dEspW

10/06/2019

Kenya, whose President Uhuru Kenyatta in March signed into law a long-awaited petroleum bill that regulates oil exploration and production, recently joined the league of oil-exporting nations after a cargo of 200,000 barrels of oil from Turkana was shipped from Mombasa.



Source: JournalduCameroun.com

09/14/2019

Report: 5.6 percent of economic growth in Egypt

Finance Minister of Egypt Mohamed Maait said on Monday that the rate of economic growth in Egypt reached 5.6 percent in the fiscal year 2018-19 that starts in July and ends in June, making it one of the best growing economies.



Source: Menafn

09/14/2019

Report: South African GDP growth expected to slow

After a higher-than-expected GDP figure of 3.1% for Q2 2019, South Africa’s economy is likely to slow in the third quarter.
The current data for the quarter gives less optimism for another quarter of a 3% GDP increase.



Source: BusinessTech

09/10/2019

Oil and gas: The Ghanaian government wants to position the economy as a hub for West African oil and gas activity, seeking to succeed where neighbouring Nigeria has largely failed as exploration picks up in new frontier territories like Sierra Leone.



Source: The Africa Report

09/10/2019

As early as August 2019, Africa RiskView, the software underpinning the ARC parametric model, alerted the government to the irregular and insufficient rainfall in the Western regions of the country and warned that a minimum of 964, 000 people will be affected by the rainfall deficit.



Source: Standard Digital

09/08/2019

The Algerian government is expected to ratify the law so it be in force by the beginning of the new year to restore order to a sector that had become a sham under the Bouteflika regime.



Source: The Arab Weekly

09/08/2019

East Africa’s biggest and most advanced economy relying on aid to feed itself may sound surprising, but the need is very real. An estimated 2.5 million Kenyans are currently facing starvation, almost a million more than in May, fueled by drought.

The underlying problem is a failing agriculture sector. Kenya’s reliance on external markets is growing, having already spent a billion dollars on food imports this year and the country is not alone.



Source:

09/08/2019

This graph shows the total number of infrastructure and mining projects from 2003 to 2030 across the continent of Africa. As access to reliable energy is a precursor for growth of any economy, it is clear that this is where the focus is for Africa.


Source: Deloitte. State of Mining in Africa

09/08/2019

09/07/2019

Data: Chinese loans to Africa.

Chinese loan finance is varied. Some government loans qualify as "official development aid." But other Chinese loans are export credits, suppliers' credits, or commercial, not concessional in nature. China is not Africa's largest "donor". That honor still belongs to the United States.



Source: Johns Hopkins SAIS China-Africa Research Initiative.