Nigeria plans to launch a new Economic Development Incentive (EDI) scheme to promote sustainable economic growth and attract investment in key sectors. The scheme targets key sectors like agriculture, manufacturing, and critical infrastructure

The Kenya Revenue Authority released a public notice on 8 April 2025 regarding updates to the market interest rate for fringe benefit tax and the deemed interest rate on specific non-resident loans. Effective for April, May, and June 2025, the

The Nigeria Customs Service in a press release on X on 26 March 2025 announced that a two-year exemption from import duty and VAT will apply to raw materials used in pharmaceutical production. This benefit is limited to pharmaceutical manufacturers

Kenya’s government published a bill in the Official Gazette on 3 March 2024, proposing the scrapping of the 25% excise duty on imported electric transformers and parts under the Excise Duty (Amendment) Bill 2025. The bill was made public on 18

Nigeria’s House of Representatives has approved and adopted the recommendations of its Committee on Finance, which retains the value added tax (VAT) rate at 7.5%. The previous proposal was to increase to 12.5%, which was set for 2026. The House

The Kenya Revenue Authority announced on 3 March 2025 the success of the tax amnesty program for debts accrued up to 31 December 2023 and urges taxpayers to take advantage before the 30 June 2025 deadline. The KRA is offering taxpayers an