Across many African economies, the informal sector remains both a lifeline and a challenge. A new report by Moody’s Ratings reveals that about 55% of Nigeria’s economy operates outside the formal tax system. However, countries such as Rwanda have reduced informality, while Benin and Tanzania are examples of economies where informality remains high and continues to constrain revenue collection and governance.

Joining the discussion to reflect on this is Economic Analyst Walter Nguma.

Across many African economies, the informal sector remains both a lifeline and a challenge. A new report by Moody&rsquo;s Ratings reveals that about 55% of Nigeria&rsquo;s economy operates outside the formal tax system. However, countries such as Rwanda have reduced informality, while Benin and Tanzania are examples of economies where informality remains high and continues to constrain revenue collection and governance.
Joining the discussion to reflect on this is Economic Analyst Walter Nguma.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

Informal sector remains major challenge for revenue collection across Africa

Time now for the weekly business round-up, where the focus is on some of the biggest stories across the continent.

Joining the programme is Victor Kgomoeswana, Author of Africa Is Open for Business and Africa Bounces Back. Victor is also the Executive Director for Marketing and Communication at the University of Limpopo.

Time now for the weekly business round-up, where the focus is on some of the biggest stories across the continent.
Joining the programme is Victor Kgomoeswana, Author of Africa Is Open for Business and Africa Bounces Back. Victor is also the Executive Director for Marketing and Communication at the University of Limpopo.

Business round-up with Victor Kgomoeswana

Senegal is facing renewed scrutiny from the International Monetary Fund, with questions raised over its debt management and fiscal transparency. The country, whose finances have been in crisis since the 2024 discovery of billions of dollars in debt hidden by the previous administration, is now working to secure funding and restore its credibility.

However, questions remain over whether the credibility of Senegal’s public finances can be restored without an IMF loan.

Joining the discussion to explore this further is Mikatekiso Kubayi, a Researcher at the Institute for Global Dialogue associated with UNISA (IGD) and a fellow at the Institute for Pan-African Thought and Conversation (IPATC) at the University of Johannesburg.

Senegal is facing renewed scrutiny from the International Monetary Fund, with questions raised over its debt management and fiscal transparency. The country, whose finances have been in crisis since the 2024 discovery of billions of dollars in debt hidden by the previous administration, is now working to secure funding and restore its credibility.
However, questions remain over whether the credibility of Senegal&rsquo;s public finances can be restored without an IMF loan.
Joining the discussion to explore this further is Mikatekiso Kubayi, a Researcher at the Institute for Global Dialogue associated with UNISA (IGD) and a fellow at the Institute for Pan-African Thought and Conversation (IPATC) at the University of Johannesburg.

Senegal seeks to restore financial credibility amid debt crisis

South Africa’s small and medium-sized enterprises (SMEs) are facing mounting pressure from sluggish economic growth, rising operating costs and persistently high unemployment. As companies navigate an increasingly challenging business environment, many are reassessing their hiring strategies to balance growth ambitions with financial sustainability.

Some entrepreneurs say the true cost of permanent employment extends far beyond salaries, prompting a growing number of SMEs to consider more flexible, contractor-led workforce models.

Our Economics Reporter, Innocent Semosa, examines whether recruitment trends can be seen as a key barometer of business confidence and broader economic activity.

South Africa&rsquo;s small and medium-sized enterprises (SMEs) are facing mounting pressure from sluggish economic growth, rising operating costs and persistently high unemployment. As companies navigate an increasingly challenging business environment, many are reassessing their hiring strategies to balance growth ambitions with financial sustainability.
Some entrepreneurs say the true cost of permanent employment extends far beyond salaries, prompting a growing number of SMEs to consider more flexible, contractor-led workforce models.
Our Economics Reporter, Innocent Semosa, examines whether recruitment trends can be seen as a key barometer of business confidence and broader economic activity.

Informal sector remains major challenge for revenue collection across Africa

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