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Africa

Africa: How High Taxes, Fees Stifle Africa’s Aviation Industry

eriinfo.com3 weeks ago012 mins

Africa’s aviation sector holds immense potential to connect economies, boost trade, and create millions of jobs — yet it’s being choked by exorbitant taxes and charges that are sometimes unpredictable. Industry leaders warn that up to 70 per cent of airfare on the continent goes to taxes and levies, making flying unaffordable for most Africans…

Africa: How Illegal Financial Flows Stifle Africa’s Growth

eriinfo.com3 weeks ago08 mins

The African Union has warned the continent loses billions in illicit financial flows each year. Analysts say stopping tax evasion and corruption is just the first step to keeping African wealth in the continent. An estimated US$88 billion (€76 billion) leaves Africa annually through tax evasion, money laundering, and corruption, the African Union (AU) says. In 2015, that figure was…