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On March 19, MPs expressed concerns about a proposed 15 percent fuel levy, which they fear may inflate consumer prices. The bill aims to replace a fixed Rwf115 per liter …
Concerns Arise Over Proposed 15% Fuel Levy in Rwanda Read More
Treasury CS John Mbadi affirmed that Kenya will continue borrowing despite a staggering Sh11.2 trillion debt and a 65.7% debt-to-GDP ratio. Concerns about debt utilization and revenue collection were discussed …
Kenya’s Treasury Confirms Continued Borrowing Amid Debt Concerns Read More
South Africa’s 2025 budget is under scrutiny as lawmakers evaluate a proposed VAT increase amidst political divisions. Following its initial rejection, Finance Minister Godongwana seeks to secure support for the …
Scrutiny of South Africa’s Budget and VAT Hike Proposal Ahead of Key Deadlines Read More
In March, the Brazilian real strengthened past 5.7 per USD, reaching a peak since November 2024, driven by fiscal discipline, high interest rates, and external factors such as a weaker …
Brazilian Real Reaches Highest Value Since November 2024 Read More
South Africa’s 2025 budget proposal faces scrutiny as lawmakers consider a contentious VAT increase. Finance Minister Enoch Godongwana’s earlier budget was rejected, placing pressure on the ANC to secure support. …
South Africa’s Budget Scrutiny and Planned VAT Increase: What Lies Ahead Read More
The South African government will increase excise duties on alcohol by 6.75% and tobacco by 4.75% for the 2025/26 financial year, with specific rates proposed for various products. Legislative measures …
South Africa Adjusts Excise Duties on Alcohol and Tobacco for 2025 Read More
South Africa’s 2025 budget introduces a VAT hike to fund essential services amid fiscal constraints and low economic growth. While it offers short-term support through pay agreements and grant extensions, …
South Africa’s 2025 Budget: Balancing Act or Lost Opportunity? Read More
The National Assembly has approved a Sh405 billion allocation to county governments for the 2025/26 financial year. Additional funds include Sh69.8 billion for supplementary allocations and Sh7.9 billion for the …
National Assembly Approves Sh405 Billion Allocation to Counties for 2025/26 Read More
Finance Minister Enoch Godongwana proposed a VAT increase raising it from 15% to 16% by 2026, sparking backlash from opposition leaders like Julius Malema and John Hlophe. They argue it …
Proposed VAT Increase Continues to Mar South Africa’s Budget Process Read More
South Africa’s National Treasury proposed a smaller VAT hike of 0.5 percentage points to resolve coalition disagreements, following a failed 2-point proposal. Despite this adjustment, opposition from the Democratic Alliance …
South Africa’s National Treasury Proposes Smaller VAT Hike Amid Coalition Disputes Read More