Africa: A Journey Toward an African Taxation Renaissance

guest column

Africa is known as the ‘paradox of plenty’. How can a continent so rich in natural resources be so poor?

Economic growth is predicted to increase by 4.5% across the continent this year, despite falling oil prices and the Ebola crisis. South Africa’s economy, the second biggest in Africa is expected to continue to grow by 3.5% this year; Nigeria will grow by an enviable 5.5%. However, millions across Africa are struggling. Economic inequality is on the rise, and public coffers are insufficient due to an increasing demand for public services like health; education, housing.

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