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Africa Robbed Of $50b Via Treaties, Weak Tax Laws

  African countries have been urged to begin a holistic review of all trade and tax laws as well as international trade treaties entered into in the last decades. The call came at the ongoing pan-African Conference on Illicit Financial Flows from Africa, where it was disclosed that Africa loses over $50 billion to multinationals […]

UK government sets out plans to curb illegal ivory trade in Africa

Africa ‘cannot continue to import basic needs’ – Dangote

Africa’s richest man, Aliko Dangote of Nigeria, says the continent must make a conscious journey towards self sufficiency because it cannot continue to import basic needs on a daily basis. “Are we going to continue to import everything? Freight rates are now cheap but they will go up soon. A population of over 200M cannot […]

Africa Robbed Of $50b Via Treaties, Weak Tax Laws

Nigeria to exit close to 100 international treaties to save money

Nigeria’s government says it is exiting close to 100 international treaties to save millions of dollars spent on servicing its membership at the organizations. Currently the West African giant is signatory to 310 international organizations but its government says some of the treaties have become costly and irrelevant. The country currently spends up to $70 […]

Africa Robbed Of $50b Via Treaties, Weak Tax Laws

Tanzania’s Magufuli splits energy and minerals ministry in two

Tanzanian president John Magufuli split the energy and minerals ministry in two and appointed heads for the new ministries on Saturday, five months after sacking the previous minister. Two presidential committees had recommended the move to tighten supervision of natural resources in Tanzania, where Magufuli has sent shockwaves through the mining community since his election […]

Africa Robbed Of $50b Via Treaties, Weak Tax Laws

U.S lifts 20-year-old economic sanctions on Sudan

Sudanese President Omar al-Bashir The United States on Friday lifted 20-year-old economic sanctions against Sudan, saying the country had made progress in stopping conflict and improving humanitarian access. “Today, the United States decided to revoke economic sanctions with respect to Sudan and the Government of Sudan under Executive Orders 13067 and 13412, in recognition of […]

Africa Robbed Of $50b Via Treaties, Weak Tax Laws

China donates maritime surveillance equipment to Tunisia

China has donated two maritime control and surveillance equipment to Tunisia to improve security at the at La Goulette port in the North of the capital, Tunis. The equipment, including two scanners worth nearly US$4.9 million, were handed over to Tunisian Prime Minister Youssef Chahed at the port. Chahed thanked the Chinese government for the […]

Africa Robbed Of $50b Via Treaties, Weak Tax Laws

Cote d’ Ivoire cocoa production increases by 28.5 percent

The world’s largest producer of cocoa, Cote d’Ivoire, has registered a marked increase in the crop’s production. In the 2019-2017 season, a record 28.5 percent increase was recorded. There is however little to celebrate since the country’s Cocoa sector is in a crisis spurred by falling prices of cocoa on the international market. Cocoa exports […]

Africa Robbed Of $50b Via Treaties, Weak Tax Laws

Ethiopia signs $1.3bn World Bank deal shortly after IMF praise

Ethiopia has entered a $1.3 billion deal with the World Bank to improve governance and fund pro-poor policies in regions worst hit by a drought and food shortages. The global lender on Friday (September 29) announced that it had signed the loan and grant agreement. Breakdown of $1.3bn facility Of the total amount, $700 million […]

Africa Robbed Of $50b Via Treaties, Weak Tax Laws

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