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Browsing: SADC
AFRODAD and SADC have joined hands to boost Africa’s debt sustainability by cushioning highly indebted countries. Between 2004 and 2018,…
The East African region has a long history of cooperation stretching back to 1900 when a Single Customs Collection point was established at Mombasa. Still, Non-Tariff Barriers remain a challenge to trade. The first instance of regional integration dates back to 1917 between Uganda and Kenya.
Kenya will progressively allow more imports from the EU into its market. An EU official terms the trade agreement with…
Ongoing wars in Africa are bleeding billions from poor economies as investors flee the region. Sudan army is spending about…
DRC, through its investment portal ANAPI reassures investors Rwanda slams US statement saying it undermines regional peace process EAC Heads…
The DRC is viewed as a most promising member of the regional bloc offering a market of over 96 million…
The country is considered East Africa’s strongest economy. It is among countries facing a huge challenge of illicit trade, estimated…
Africa is huge continent with untapped potential. With the rest of the world opening up for the best international trade…
Because of erratic economic policy, Zimbabwe continues to be the sick man of the Southern African Development Community (SADC) region.…
The shrinking economy and resulting unemployment have given birth to an informal economy that has spiralled out of control. Treasury and monetary authorities have been at pains to find ways they can tax the informal sector. The informal economy is difficult, if not impossible, to absorb into the formal economy or to include in the tax pool from which the government can draw revenue.
As the formal economy shrinks, so has Zimbabwe’s effective tax revenue stream, and this problem can only be arrested and mitigated by a growing economy.
An economy characterized by slow or negative growth makes it more difficult for the government to repair its finances. This is because there is a positive relationship between a country’s tax pool and the growth of the economy. A shrinking economy brings with it the added cost of having to provide social safety nets for the vulnerable members of its society.
If the government does not cater to these members of society during times when the economy shrinks, it will invariably experience heightened levels of poverty.