low corporate tax rate Mauritania
Tasiast gold mine, Mauritania. Photo: Kinross Gold Corp.

Low Corporate Tax Rate Beckons Investors To Under-The-Radar Mauritania

By Kurt Davis Jr., 10:24 am AFKI Original

Mauritania requires no royalty payments, which is not the norm. This is a benefit for oil, gas and mining explorers anxious about paying royalties when commodity prices are unpredictable. Mauritania’s corporate income tax rate is relatively low at 25% — a plus in a region where the tax and fiscal systems can change any investor’s outlook on risk and reward. Large government irrigation projects have aided agricultural production in the desert. Israeli technology and cropping strategies have had some success in other parts of Africa. There is potential here, but it requires investment in technology — not always a priority in agriculture.

Electricity: Latest News

  • Rapper-Entrepreneur Akon Lights Up 2 More African Countries

    Akon lights up 2 more African countries By Dana Sanchez, 3:11 pm

    The Gambian village of Sareh Pateh, population 4,000, turned on solar street lights for the first time Sunday, thanks to Akon’s $1 billion line of credit. “I want to leave a legacy,” the Senegalese-American Akon told reporters in Banjul. “Africans work harder in everything and they work harder to live and to sustain themselves.” Akon spent part of his childhood in a Senegalese village with no electricity before moving to the U.S. In 2011, Forbes ranked him fifth out of 40 Most Powerful Celebrities in Africa. He says he’s a businessman first and a musician second.

  • 12 Soccer Sponsors That Drive The African Game

    soccer sponsors By Peter Pedroncelli, 3:20 am AFKI Original

    Africa loves soccer, and the popularity of the sport has inevitably attracted soccer sponsors that provide funds in the form of sponsorship deals to be associated with the various competitions taking place around the continent. These global and local brands are important to the development of the sport, ensuring that the most popular brands on the continent are associated with the regional and continental competitions that command the most attention and support from fans. We take a look at 12 soccer sponsors that are involved in sponsorship of the beautiful game on the African continent.

  • 12 Things You Should Know About South Africa’s 2017 Budget Speech

    2017 budget speech By Peter Pedroncelli, 7:40 am AFKI Original

    The rich will pay more tax. That’s one of the most riveting things to come out of South African Finance Minister Pravin Gordhan’s 2017 budget speech. Income tax increases across the board did not materialise, but wealthy South Africans will be taxed at a higher bracket. Taxpayers earning more than $115,000 a year will pay a 45% tax rate. Around 100,000 taxpayers will be affected. Investors and global credit agencies were keen to hear Gordhan’s speech — his second one in his second stint as finance minister. Here is a closer look at 12 things you should know about the 2016 South African budget speech.

  • Rise Of The African Megacities: What Will It Take To Make Them Smart?

    By Kurt Davis Jr., 1:00 am AFKI Original

    The number of urban Africans almost doubled between 1995 and 2015 and is expected to double again by 2035. Rapid growth is driving the African phenomenon of the megacity — an urban area with a population of at least 10 million. Megacities have economic benefits – economies of scale, innovation, clusters of skilled labor, and higher incomes. But they also struggle with congested slums, unemployment and out-of-control traffic. More than 50 percent of the African urban population lives in slums.

  • 7 African Countries Favored For Infrastructure Investment In 2017

    African countries favored for infrastructure investment By Kurt Davis Jr., 9:32 am AFKI Original

    Infrastructure in Africa is at the forefront of investors’ minds. Private equity investors see great opportunity, especially in power projects. The Ivorian president is a former IMF economist. The Ivorian budget minister is a former Goldman Sachs trader, and they’re on the same wavelength. The Côte d’Ivoire economy is expected to grow 8-9% in 2017 and 2018. Strengthening infrastructure will be key in the next phase of the Ivorian growth story. The government plans to spend $60 billion on infrastructure through 2020.

  • Power Africa Partner, Nobel Prize Nominee Breaks Ground On Solar Power Plant In Burundi

    Power Africa By Dana Sanchez, 4:55 pm

    In Burundi, where just 5% of people have electricity, a new 7.5-megawatt solar power plant is under construction. It’s expected to add 15% power generation capacity to the East African country. The groundbreaking was held Thursday in Mubuga. The solar plant will be built on 42 acres, 65 miles from the capital of Bujumbura. Mubuga has never had electricity and is 6.8 miles away from the power grid. Its residents have depended on candles, lanterns, firewood and charcoal since time immemorial.

  • What’s Holding Back Pay-As-You-Go Market In African Off-Grid Solar?

    holding back pay-as-you-go market in African By Global Risk Insights, 12:13 pm

    While the world electrification rate is roughly 84 percent, only 19 percent of the sub-Sahara Africa population is connected. The grid is unlikely to expand fast enough to satisfy demand. Pioneering business models relying on pay-as-you-go could push off-grid solar energy to reach 9 million African households by 2020. Despite the early success of off-grid solar energy access through pay-as-you-go payment models, challenges remain.

  • Opinion: A Robust Auto Industry Could Make Nigeria One Of Top 10 World Economies

    robust auto industry could make Nigeria By Staff, 5:36 pm

    Poor power supply is partly to blame for the Nigerian government’s inability to build a robust auto industry. That leaves vehicle imports as one of the only ways to meet local demand. Nigeria’s auto market is worth over $4 billion a year, but it does not translate into anything meaningful, a stakeholder said. Starting in 2015, stiff new tariffs were levied on new and used Nigerian vehicle imports. Imports fell more than 50 percent.

  • 12 Things Expected To Improve Investor Outlook In South Africa In 2017

    By Peter Pedroncelli, 1:25 am AFKI Original

    The year 2016 was not an easy one for South Africa, but investor outlook for the year 2017 certainly looks more positive. Having survived a tough year, investors are now looking at South Africa to gauge whether or not to invest their funds in the emerging market, but there are a flurry of reasons to give the country a second glance in 2017. We take a look 12 things that are expected to improve investor outlook in South Africa during 2017.

  • Ethiopian Airlines Is Adding Its 5th Destination In China

    Ethiopian Airlines By Dana Sanchez, 4:47 pm

    Ethiopia was the world’s fastest growing economy in 2015 at 10.2 percent. China has invested heavily Ethiopian infrastructure, funding railways, roads, dams, and sub-Saharan Africa’s first modern tramway in Addis Ababa. Chinese firms have also stepped up engagement in Ethiopian manufacturing and upped their supply of manufactured goods exported from China. Ethiopian Airlines has a new $150 million cargo terminal under construction that is scheduled to be completed by April.

More Headlines