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Reducing Poverty and Inequality in Africa
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Tanzania has implemented a ban on foreign-owned small businesses, a move that has caused concern and unease among member states of the East African Community (EAC). The decision is seen as potentially disruptive to regional economic integration and could strain relations within the bloc
Cameroon has authorized its finance minister to borrow $1.67 billion through domestic and international sources to fund development projects and clear government arrears. The funding will come from treasury bonds, domestic private lenders, and international banks. While the move aims to boost liquidity, support infrastructure, and maintain debt within CEMAC limits, analysts caution that effective use of the funds is crucial, as past borrowings have sometimes remained idle. Public debt currently stands at 43% of GDP, below the 70% CEMAC threshold, but the government has not yet specified which projects will benefit from the new borrowing.
South Africa has launched a nationwide dialogue to confront its deepening social and political challenges, following the ANC’s loss of majority in the 2024 election. While hailed as inclusive, the initiative faces criticism over its high cost and doubts about its impact.
The Kenya Revenue Authority (KRA), with support from ATAF and the World Bank Group, visited the Mauritius Revenue Authority to strengthen its data-driven tax compliance strategies. The tour featured hands-on training in financial data analysis and showcased peer-to-peer learning as a catalyst for smarter revenue mobilisation.
Egypt has finalized a deal to import at least 200,000 tons of French wheat, with traders suggesting the total may exceed 400,000 tons. The move comes after the country failed to meet its domestic wheat target for 2024/25 and as over two-thirds of its 108 million citizens rely on subsidized bread. With Russian supplies tight, France emerged as the most reliable source. The deal is vital for Egypt’s food security as inflation and high living costs continue to strain households.
President Museveni has directed the Agriculture Ministry to draft regulations to modernize Uganda’s tea sector, improve quality, and stabilize international prices. He urged tea growers and processors to provide input on crop classification and pledged financial support, signaling a major push toward a more structured and profitable industry.
