With common trade rules, movement of people and transport connectivity, Africa becomes a market large enough to attract investors from across the world, and a vehicle for industrialization, analysts say.
Districts of the capital accounted for 81 per cent of FDI projects, 72 per cent of investments, and 82 per cent of projected jobs over the period 2016–2022.
The much-disputed immovable property tax hike in the 2018 law had not been brought into force as the treasury suspended its enforcement twice amid public uproar.
There has been accumulation of taxes not paid to the taxman estimated at Rwf550.6 billion ($493.5 million) and decentralized taxes filed not yet paid of Rwf2.5 billion ($2.2 million).
PAPSS rollout is planned to reach five regions of Africa before the end of 2023, while all central banks and commercial banks are projected to be signed up by end of 2024 and 2025 respectively.
Govt will need to adopt mitigating policies to reduce the impact on affected households especially the poor, while the general increase in prices is also exerting pressure on budget expenditures.
African authorities still owe us a different, better version — one wrapped up in the free-movement-of-people envelope with a visa-free tag visible at the back.
Economists say the new census will provide fresh data which will enable government planners make necessary adjustments in design of programmes and projects aimed at tackling poverty.
Food items and other essentials are more expensive in rural areas as rural CPI increased the most by 22.5 per cent on annual basis compared to 15.6 per cent in urban areas.
