Kenya’s economic outlook for the years ahead looks robust, despite recent challenges such as a trade deficit and rising debt. Following 2014’s GDP rebasing, the country is now East Africa’s largest economy and boasts a prominent profile in the EAC. According to official forecasts, growth is expected to be around 6.5-7% in 2015 and to continue at a similar level for the coming years. This...
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Chapter | Country Profile from The Report: Kenya 2016
Kenya has undergone a significant political and governance transformation over the last five years. New measures to encourage a more stable and democratic system have been ushered in, changing the way Kenyans are governed and how the different layers of administration interact. These structural alterations are good news for the country, although there are still challenges as it looks to...
Kenya is one of the economic and political heavyweights of East Africa. Despite recent security issues, it is recording strong economic growth and maintaining its leading position in the region. Recent discoveries of new oil, gas and water reserves and a young population give further cause for optimism, and the government is working to put the right policies into place to maximise the country’s potential.
Late 2015 marked a major step forward for the world’s largest greenfield maritime development – Hamad Port, outside of Doha, where partial operations, including roll-on/roll-off, livestock and heavy equipment cargoes, began on December 24.
Articles & Analysis | A look at tax regulations for investors in Algeria from The Report: Algeria 2015
Although 2015 will be recalled as a sensitive year for the Algerian economy, given the ongoing impact that the global drop in oil prices has had on the state budget, no significant increase in taxes has occurred and the Algerian tax system remains oriented around incentives for boosting manufacturing activity.
Interviews & Viewpoints | Samir Hadj Ali, Chartered Accountant and Managing Partner, Mazars, on Algeria’s voluntary tax compliance programme: Viewpoint from The Report: Algeria 2015
Many stakeholders have viewed the Voluntary Tax Compliance Programme (Programme de Conformité Fiscale Volontaire, CFV), which has been set up under the provisions of the Supplementary Finance Law 2015, as a tax amnesty. However, these are different matters that should not be conflated. Article 43 of the Supplementary Finance Law allows any...