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South African rand starts week on the back foot

Alexander Winning, Reuters News February 27, 2023 The South African rand was weaker on Monday, extending losses from the week before, when a global financial crime watchdog added South Africa to its list of countries needing special scrutiny. At 0645 GMT, the rand traded at 18.4700 against the dollar, about 0.2% weaker than its previous…

Botswana increases 2022 economic growth forecast to 6.7%

Brian Benza, Reuters News February 6, 2023 GABORONE – Botswana’s government has revised upwards its 2022 economic growth forecast to 6.7% from an earlier estimate of 4.2%, Finance Minister Peggy Serame said on Monday. Speaking during an annual budget speech, Serame said the 2022 revision was linked to the diamond-rich southern African country’s strong recovery from…

Nigeria’s 30% corporate tax is one of the highest in world – report

Current tax regime is stifling investment and economic growth, says CPPE director Staff Writer, ZAWYA Nigeria’s current tax regime is suppressing investment and economic growth, according to the Centre for the Promotion of Private Enterprise (CPPE). An economy seeking job creation, economic inclusion, investment growth and poverty reduction needs an accommodating tax regime for investors, Premium…