Browsing: Organisation for Economic Co-operation and Development (OECD)

Protests have rocked different countries across Africa over the high cost of living despite increased wealth as measured by the Gross Domestic Product (GDP).

In the last two decades, poverty has declined in the continent, with per capita income rising, but many people have expressed frustrations and taken to the streets to vent their anger.

  • In the last two decades, poverty has declined in the continent, with per capita income rising, but many people have expressed frustrations and taken to the streets to vent their anger
  • A report by the Organisation for Economic Co-operation and Development revealed that discontent was fueled by unequal distribution of resources
  • North Africa has been rocked by protests more than any other region on the continent, even though it recorded the greatest improvements in wealth

Why is this so? A report by the Organisation for Economic Co-operation and Development revealed that discontent was fueled by

Africa’s water sectors and users are being forced into the innovation lane at a time when water quality infrastructure are falling.

A study by the Organisation for Economic Co-operation and Development (OECD) in 2014, revealed that the annual funding gap for infrastructure in sub-Saharan Africa ranges close to $50 billion with water alone using $11 billion.

In 2018, the African Development Bank put Africa’s infrastructure funding gap between $130 and $170 billion per year.

Also Read: Tanzania’s lake zone waterways get $38 million financing

According to the OECD study, a quarter of the 1.2 billion population in sub-Saharan Africa have no close source of clean drinking water while another 700 million are without decent sanitation. This is despite falling investment in water infrastructure leading to limit access to safe water and ease of doing business.

International Consortium for Africa indicates that in 2016 without donor and other external financings, funding …

Kenya has become one of the latest countries to strengthen the fight on tax evasion and profit shifting with signing of a tax treaty, in the wake of rising malpractices by global multi-nationals.

The national efforts to strengthen the country’s bilateral tax treaties, have received a boost with the signing of a multilateral convention to end tax avoidance in France.

This week, the country signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting Convention at the 10th Anniversary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) in Paris.

The Convention is the first multilateral treaty of its kind, allowing international collaboration initiatives to end tax avoidance among multinational firms under the OECD/G20 BEPS Project.

READ ALSO:Kenya’s tax evaders put on notice by President Kenyatta

The OECD/G20 BEPS Project delivers solutions for governments …