Future Reports

  Thousands of Kenyans took to the streets this week in a wave of protests against the Finance Bill proposed by President William Ruto's government. The bill, which seeks to introduce new tax measures and reforms, has sparked widespread public outcry, with citizens expressing concerns over the potential economic impact on their daily lives. The Finance Bill 2024 includes several contentious provisions aimed at increasing government revenue and addressing fiscal deficits. Key proposals include: 1. Value-Added Tax (VAT) Increase: The bill proposes an increase in VAT from 16% to 18%. This hike is expected to affect the cost of essential goods and services, placing a heavier burden on ordinary Kenyans. 2. Housing Levy: A new mandatory housing levy of 1.5% on gross income is proposed to fund affordable housing projects. However, many citizens fear this will further reduce their disposable income without guaranteeing tangible benefits. 3. Digital Service Tax : An expansion of the...

  Nigeria is currently undergoing significant mediation to determine a new national minimum wage. This negotiation involves various stakeholders, including the Federal Government, state governments, the private sector, and labour unions such as the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC). The primary goal is to address the economic challenges faced by Nigerian workers, particularly in light of recent inflation and economic hardships. The NLC and TUC have been vocal about their demand for a substantial increase in the minimum wage, proposing as high as ₦615,000 per month. This figure is based on research reflecting the current cost of living for an average Nigerian family. The unions argue that the existing minimum wage of ₦30,000 is grossly inadequate, given the rising costs of basic necessities. On the other hand, the Federal Government, represented by Vice President Kashim Shettima and Labour Minister Nkeiruka Onyejeocha, has acknowledged the need for a...

  In a stunning turn of events, the 2024 general elections in South Africa have resulted in the African National Congress (ANC) losing its majority in the National Assembly for the first time since the end of apartheid. The ANC secured just over 40% of the vote, a significant decline from previous elections where it consistently garnered above 50%. Several factors contributed to this surprising outcome. The ANC has been plagued by internal conflicts, corruption scandals, and declining public trust. Former President Jacob Zuma's suspension and subsequent leadership of the breakaway Umkhonto we-Sizwe (MK) Party significantly impacted the ANC's performance, particularly in KwaZulu-Natal. Furthermore, economic challenges and high unemployment rates have fuelled public dissatisfaction, leading many voters to seek alternatives. The Democratic Alliance (DA) and the Economic Freedom Fighters (EFF) have gained substantial ground, receiving nearly 22% and significant shares of the vote, ...