Economy & Policy
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Economy & Policy
Botswana President Boko Orders Public Sector Overhaul to Boost Investment
President Advocate Duma Boko has ordered a comprehensive overhaul of Botswana's public service administration to eliminate bureaucratic delays, streamline regulatory compliance, and lower costs for corporations operating in the region.
Botswana Mobilizes Private Capital in Domestic Debt Market Reform
Botswana is advancing structural reforms to deepen domestic capital markets and streamline public project execution to reduce reliance on volatile diamond revenues, according to a new report from the African Development Bank.
NASA Scientists Deploy Air and Space Assets to Monitor Arctic Sea Ice
NASA researchers are leveraging airborne and satellite technologies to study the critical changes in Arctic sea ice, aiming to enhance climate models and understand the region's impact on global weather patterns.
Botswana’s Central Bank Payout Signals Fiscal Trade-Offs Amid Record Transfer
The Bank of Botswana transferred a record P7 billion to the government in 2022, providing a significant fiscal boost but raising concerns about the central bank's long-term financial health and monetary policy capacity.
California’s Proposed Wealth Tax Raises Billionaire Flight Concerns Amid Fiscal Debate
California's renewed pursuit of a wealth tax, particularly Assembly Constitutional Amendment 8, has ignited debate over its potential to generate significant state revenue versus the risk of accelerating the departure of high-net-worth individuals and their capital from the state. Policymakers face balancing fiscal needs with economic competitiveness.
Nigeria to Delist Contractors Demanding Advance Payments, Minister Umahi States
Nigeria's Minister of Works, David Umahi, announced that contractors refusing to mobilize to project sites without advance payment will be delisted, aiming to expedite infrastructure development.
Botswana to Implement New 15% Withholding Tax on Natural Resource Royalties for Non-Residents
Botswana is implementing a new 15% withholding tax (WHT) on natural resource exploitation amounts payable to non-resident entities, effective July 1, 2026, under the Income Tax Bill No. 36 of 2025. This measure aims to enhance domestic revenue collection from royalties and fees for resource exploitation.
Fitch Upgrades South Africa Credit Rating for First Time in Two Decades
Fitch Ratings elevated South Africa's sovereign credit rating to 'BB' from 'BB-', citing improved fiscal discipline and lower-than-expected debt levels, marking the nation's first upgrade by the agency in over 20 years.
Nigeria Drops Planned Fuel Import Tariff
Nigeria has dropped a proposed fuel import tariff, easing near‑term price pressure while shifting focus back to PIA enforcement and logistics. We unpack the market impacts and what to watch next.
Nigeria Regulators Fail to Enforce PIA-Forced 15% Fuel Import Tax
The Petroleum Industry Act (PIA) was meant to reform Nigeria’s oil and gas sector, including enforcing a 15% fuel import tax to boost local refining and government revenue. However, regulators’ failure to apply the law highlights systemic policy gaps, weak enforcement, and the ongoing challenges in implementing economic reforms.