Prior to the 2011 revolution, Egypt was making steady progress in reducing persistent fiscal deficits, thanks to sustained efforts by reformist governments. One of the most enduring legacies of that period is a much-improved tax system, which replaced a bloated and inefficient process with a more streamlined and wider-based structure. Simplified tax procedures and lower...
Africa Economy
Displaying 1435 - 1440 of 1991
Articles & Analysis | Reforms to lower structural fiscal deficit from The Report: Egypt 2014
Articles & Analysis | Halting the decline in foreign currency reserves from The Report: Egypt 2014
Two years of political upheaval have increased tensions over the country’s financial health and left the economy in an uncertain situation. After tourists and many foreign investors departed following the 2011 revolution, foreign currency reserves declined. Egypt’s average monthly current account deficit stands at between $400m and $500m. With over $20bn spent since the...
While the headlines on Ghana’s 2015 budget focus on the short-term impacts of fiscal tightening, the proposed changes should have a positive bearing on the overall economy over time.
Ces dernières années, l’Algérie a enregistré des performances économiques relativement solides. Le FMI a toutefois fait remarquer que la chute des prix du pétrole pourrait peser sur les performances à court terme, rappelant le rôle prépondérant que le secteur des hydrocarbures continue de jouer sur la croissance.
Articles & Analysis | Durban’s development plans seek to incorporate private investment from The Report: South Africa 2014
As one of South Africa’s three main urban centres, Durban plays a central economic and social role in KwaZulu-Natal (KZN). For FY2013, the city posted a GDP growth rate of 2.6%, behind only Johannesburg (2.75%), and well ahead of the national rate of 1.89%. The main sectors contributing to Durban’s economic growth were manufacturing (22%), finance (22%), community...
Articles & Analysis | The province builds on its industrial base from a variety of angles from The Report: South Africa 2014
Renamed KwaZulu-Natal (KZN) in 1994 following the merging of Natal province with KwaZulu, KZN is South Africa’s second largest provincial economy, serving as a strategically important base for manufacturing and exports. Also known by its nickname “the garden province”, KZN is a popular domestic tourism destination throughout the year, offering subtropical coastline in...