Kenya’s new taxes threaten economic recovery

Prices of crude palm oil have jumped by 33 percent due to the Ukrainian crisis. FILE PHOTO | NMG

Countries are recovering from Covid-19 and they recognise that manufacturing and increased value-addition play a key role. They are reworking policies to invigorate their economies after the slump witnessed over the past two years.

Organisation for Economic Co-operation and Development (OECD) projects that South Africa’s economy is expected to rebound by 2.5 percent in 2022, driven by domestic demand and commodity exports, increased household consumption and strengthened private investment.

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