China’s Billions of Dollars Support to Africa: Assistance or Intervention? China has recently pledged an extra $60bn for Africa’s development. What is China’s interest in pouring these significant funds into Africa? China has promised to invest billions into Africa, but what is it investing in? Naturally one would assume that China is funding mostly infrastructure […]
Focus on AFRICA – Where cash is still king
Cash: good or bad thing? The use of cash as a payment method is still very popular in Africa and makes up a significant proportion of the transactions made throughout the continent. Governments don’t like this level of cash payments, as it has potential to be used as a means to under-declare income and avoid […]
World Bank considers suspending funding to Tanzania over changes in the Statistics Law
Klapton’s RUC* Committee reviewed the global lending institution statement that the law would undermine the production of useful and high quality data. The Tanzania lawmakers passed amendments to the Statistics Act that would impose fines, at least three years jail time, or both, on anyone who questioned the accuracy of official figures. Tanzania attorney general […]