Benson Formations

Why is OHADA important for doing business in Africa?

OHADA stands for Organisation pour l’Harmonisation en Afrique du Droit des Affaires (Organisation for the Harmonisation of Business Law in Africa), was established in 1993 and consists currently of 17 member states, primarily in West and Central Africa (Benin, Burkina Faso, Côte d’Ivoire, Guinea, Guinea-Bissau, Mali, Niger, Senegal, Togo, Cameroon, Central African Republic, Chad, Congo […]

Wealth tax calls in Kenya

Kenya has been an economic success story in Africa. However, current tax regime is heavily reliant on income and consumption taxes and disproportionately impact low- and middle-income earners. Hence, there are calls for a progressive wealth tax that would shift part of the fiscal burden to the wealthiest households. Proposed models include tiered rates on […]

Tax reform in South Africa?

South Africa’s fiscal framework is under increasing strain due to high tax rates and a disproportionately narrow tax base. The proposed value-added tax increase and persistently high personal and corporate income taxes are prompting capital flight and the emigration of high-net-worth individuals. A limited number of taxpayers contribute the majority of government revenue, highlighting a […]

Tanzania

From Tanzania with love

I wake up to a sunny morning in Dar es Salaam, the six-million-strong coastal metropolis of Tanzania, and soak in the atmosphere of the last day before flying back home to Dubai. Why am I here? Last year, we added six African countries to our website, where we began offering our services to ambitious entrepreneurs […]

Investment migration in Africa: An overview of emerging trends

A growing number of African countries are offering residence and citizenship to foreign investors through their investment programs. These programs, known as migration investment programs, allow investors to purchase citizenship or residency in exchange for investment in a country. Namibia and Henley & Partners, the global leader in residence and citizenship planning, have unveiled a […]