Speed up the deployment of digital tax systems, experts urge during Kenya VAT seminar

Tax experts are calling for the rapid scaling-up of digital tax systems across Africa to strengthen domestic resource mobilization, enhance efficiency, and improve transparency in public finance. The call was made during a hybrid seminar, “Driving Smarter VAT Compliance: East Africa’s Digital Leap”, held in Nairobi and online on June 17, 2025. The event brought…

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Extreme poverty rising fast in Nigeria, conflict-hit economies – World Bank

The World Bank has warned that extreme poverty is growing rapidly in Nigeria and 38 other economies affected by conflict and instability, worsening hunger and pushing development goals further out of reach. The bank made this known in a statement released on Friday titled “Extreme Poverty is Rising Fast in Economies Hit by Conflict, Instability”,…

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Debt service payments by developing countries hit $921bn in 2024 – UN report

Debt service payments by developing countries soared by 74 billion dollars in 2024 from 847 billion dollars to 921 billion dollars , a new UN report has shown. The report, ‘Confronting the Debt Crisis: 11 Actions to Unlock Sustainable Financing’, was launched on Friday by UN Deputy Secretary-General Amina Mohammed. Mohammed was joined by experts Mahmoud Mohieldin…

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How Odi-Olowo/Ojuwoye council boss redefines Lagos chairmen role

As Lagos chairmanship candidates intensify campaigns towards achieving their ambition, the state government, politicians, and other stakeholders have appealed to the 57 candidates who will emerge after the poll to emulate the outgoing chairman for Odi-Olowo/Ojuwoye Local Council Development Area (LCDA), Razak Ajala, to ensure even development across Lagos. They said that Ajala, whose tenure…

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