Africa loses an estimated $89 billion annually to illicit financial flows, with experts warning that weak tax systems, profit shifting and opaque financial practices continue to drain resources needed for development across the continent. Africa loses an estimated $89 billion every year to illicit financial flows driven largely by tax evasion, profit shifting and trade…
Nigeria’s stock market extended its strong rally on Monday, with banking and industrial shares helping lift the benchmark index by 2.33% in a high-volume trading session. Nigeria’s stock market extended its record rally on Monday, with the NGX All-Share Index rising 2.33%. Banking and industrial stocks led gains as trading volumes and turnover surged sharply…
Estonian ride-hailing company Bolt has increased ride fares in Kenya by 6 per cent, becoming one of the first major platforms in the country to formally shift part of the rising fuel burden to passengers as pressure mounts on drivers’ earnings. Bolt has increased ride fares in Kenya by 6 per cent following sharp fuel…
