South Africa faces a $160 million tax loss as 38,000 taxpayers emigrate, straining revenue collection and fiscal stability.
Feyisayo Ajayi
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Feyisayo Ajayi
Feyisayo Ajayi is a finance reporter at Billionaires Africa, covering company valuations, latest market trends, and developments in the African continent with a special focus on finance, energy & renewables, and technology.
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AfCFTA achieves visa-free movement across 54 African nations, unlocking $3.4 trillion in market potential and boosting economic integration.
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Kenya leads East Africa in remittances, receiving $4.8 billion in 2024, accounting for 4.6% of its GDP.
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Egypt announces $14 billion investments across Africa, highlighting development projects in Gabon and partnerships in key sectors.
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Over 2,000 Mozambican families flee to Malawi amid post-election violence, escalating unrest and humanitarian crisis.
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African nations navigate Agoa’s opportunities amid challenges as the U.S. trade pact nears its 2025 expiration.
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IMF greenlights $1.2 billion disbursement for Egypt amid economic reform efforts and surging inflation challenges.
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Mozambique’s election unrest grows as the opposition leader rejects results, fueling violence and economic instability.
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Mozambique’s Constitutional Council upheld Frelimo’s victory, sparking protests and allegations of fraud, with economic consequences and political unrest.
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South Africa’s renewable energy market grows but faces delays, investment challenges, and transmission constraints, hindering decarbonization goals.