Zambia cuts its losses

Zambia cuts its losses

Zambia has introduced a number of controls on money flowing across its borders in an attempt to reduce tax losses. Currently, the Zambian government estimates that it loses around US$ 2 billion in taxes every year as a result of tax avoidance and transfer pricing by foreign firms. The government has taken tentative steps to reduce these losses by implementing stricter monitoring of financial flows and requiring greater justification by firms...

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Cote D’Ivoire back from the brink

Cote D’Ivoire back from the brink

The security situation has improved markedly in Cote D’Ivoire since the political crisis in 2010, which caused the economy to slump into recession in 2011. Greater political stability and an improved security situation have been welcomed by the African Development Bank which is on track to return its regional headquarters to Abidjan in 2014. The government is hopeful that it can maintain stability and reassert the country as a strategic staging...

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Qatar feels the pressure

Qatar feels the pressure

The football World Cup is coming to Qatar and bringing with it an even greater demographic imbalance. Only around 15% of the roughly 2 million population in Qatar are nationals and the bulk of the rest are foreign males aged between 20-49 years. The build up to the World Cup in 2022 will see major development projects intensify and exacerbate the demographic imbalance, already something of a sore spot for locals. The authorities are not too...

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South African land reforms

South African land reforms

The government is treading a fine line in attempting to tackle the contentious issue of land reform and redistribution in South Africa. The government is keen to avoid unsettling investors, whilst trying to correct for the imbalances that arose under apartheid. This situation will get more politically charged as we approach the national elections in 2014, which could see the emergence of more populist policy and land reform will be high up the...

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