Welcome to African Tax Matters covering the second quarter of 2018.
The summer holidays will soon arrive, and it is time to catch up on the African tax landscape as we present this 2nd edition of our quarterly African Tax Matters.
The African economies gained real momentum in 2017. Actual output growth increased by 3.6% in 2017 and is expected to raise to 4.1% throughout 2018. The growth appears backed by stable commodity prices, business reforms etc.
The East African Community (hereinafter EAC), however, remains the fastest-growing sub-region in Africa, with an estimated growth rate of 5.6% in 2017. Further, the growth rate is expected to improve and reach 5.9% in 2018 and 6.1% in 2019.
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