Business

What to Expect from Sub-Saharan Africa Economy in 2019

The IMF economic outlook presents a picture of what to expect from each economy or region annually. For Sub-Saharan Africa (SSA) in 2019, a GDP growth rate of 3.4% is projected at the aggregate level; a slight improvement over the 2.9% actual growth rate of 2018. Poor performance in the three big economies (Angola, Nigeria and South Africa) continues to weigh down the overall economic position of the region. Thus, when excluded, the growth projection for the rest of SSA rises above 5% since eighteen out of forty-five countries are anticipated to grow at five% or higher in 2019. Over the last few years, countries like Cote d’Ivoire, Ethiopia, Rwanda, Ghana, and Tanzania have consistently exceeded the region’s average GDP growth rate. ...Read More

Angola closes trade offices abroad

Angola’s trade representations abroad will be closed by 28 February following an order issued by the Ministry of Trade and signed by Minister Jofre Van-Dúnem Júnior. ...Read More

Namibia’s revenue collection agency pushed to October

Windhoek - The new Namibia Revenue Agency (Namra), which is expected to improve government’s revenue collection, is set to be operational only in October. ...Read More

Zambia to implement mining taxes despite protest from miners

Lusaka - Zambia will seek to resolve the tax impasse with mining companies on a case-by-case basis and will not be cowed into reversing the budgetary decision effected on January 1, 2019, as the decision seeks to maximise revenue from the country’s mineral resources, mines minister Richard Musukwa says. ...Read More

Ramaphosa repeats call to lift sanctions against Zimbabwe

Windhoek – South Africa’s President Cyril Ramaphosa has reiterated his call for economic sanctions to be lifted against Zimbabwe so that the country can embrace democracy fully and firmly in order to move ahead. ...Read More

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