Why review African tax systems now?

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The global economic crisis has revealed the risks for African economies of depending too much on external flows for their revenues.

First, the reliance on commodities means many African countries remain vulnerable to upsets from the rest of the world, such as the swings in international prices in 2008 and 2009. Second, the risk of over indebtedness cannot be ruled out [...]

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COUNTRY IN THE NEWS - CONGO (DRC)

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The political and security situation Congo (DRC) improved in 2009 but remains fragile. The government signed peace agreements with neighbouring Rwanda and Uganda and the rebel National Congress for the Defence of the People.

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Political governance

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Long-term political stabilisation in Africa regained momentum in 2009, following some disturbance in 2008. Several countries successfully undertook fair democratic elections, and government accountability increased. While setbacks are still common [...]

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DID YOU KNOW?

African economies will gain strength

In the course of 2009, the world economy has resumed positive growth, world trade has picked up and commodity prices have rebounded from their troughs.

This forecast assumes that the global recovery will continue at a moderate pace in 2010 and 2011 and that prices of oil and non-oil commodities will remain at satisfactory levels. After falling by 2.5% in 2009, export volumes of African countries are expected to increase on average by 3.2% in 2010 and by 5% in 2011.

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