Africa’s efforts to scale up clean energy are being held back by financing rules that do not align with the needs of mid-sized renewable projects, according to investors and developers. They say current lending systems are designed for large-scale infrastructure, leaving smaller ventures struggling to move forward. Speaking at the Africa Investment Forum on November…
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…
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…
