Afrindependent Institute

Heavy Taxation Stifles Entrepreneurship and Growth: High taxes are among the biggest obstacles to entrepreneurship across Africa, hindering economic growth and discouraging innovation. Entrepreneurs, who are the backbone of economic growth, face significant hurdles as they try to navigate oppressive tax codes, high start-up costs, and limited access to capital. With an average corporate tax rate of 27.5% across the continent, Africa ranks as one of the highest-taxed regions globally. For small and medium-sized enterprises (SMEs), this means limited profitability and minimal reinvestment, stifling economic dynamism and job creation. Gain more insights: https://lnkd.in/dtyM3mxF Lowering tax rates for can incentivize entrepreneurship and stimulate job growth. By creating a attractive tax code that supports business and economic development, Africa leaders can empower local enterprises to thrive and contribute to building thriving economies. #Africonomics #economics #africa #AfricanEconomies #EconomicInisights #taxes #education #research #statism #capitalism

The ruinous nature of statist policies and state-managed economies, which have caused widespread economic instability and impoverishment in the developing world, is now becoming more evident in Western countries as well. As economic conditions continue to deteriorate locally and globally, African policymakers are called to shift from Western economics and its state-directed economic development approach, which has proven arbitrary, repressive, and ruinous. Africonomics offers a fundamentally different paradigm and a transformative economic model for creating integrated, stable, and thriving African economies. Africonomics or continue languishing. #Africonomics #economics #africa #AfricanEconomies #EconomicInsights #Africanleaders #policychange #debt #inflation #taxes

Fiat monetary practices have been a source of economic distortions, instability, and impoverishment in existing statist socioeconomic systems, debilitating economies worldwide. This article elaborates on the second section of How Government Debt, Inflation, and Taxes Impoverish African Economies, which discusses the detrimental effects of fiat monetary systems. Learn more: https://lnkd.in/embTE4np African economies can transition from the unjust, destabilizing, and impoverishing fiat currencies to the nilar, a gold-based monetary system designed for Africa. The nilar is a transformative economic model Africonomics offers for creating a new reality of integrated, stable, and thriving African economies. #Africonomics #economics #africa #Africanleaders #monetarypolicy #TheNilar #gold #currency #AfricanEconomies

While most economies today are heavily taxed, the detrimental effects of heavy taxation impact economies differently. They are significantly more debilitating and impoverishing in developing countries. African policymakers should avoid heavy taxation, a confiscatory, oppressive, and unjust policy that worsens economic conditions. Heavy taxes cause instability, deter investment, hinders growth, debilitate the economy, and harm lives. Gain more insights: https://lnkd.in/dbsas6sq Instead of continuing to languish with imported statist models, which have proven repressive and ruinous, African leaders can adopt a fundamentally different approach to economic development by implementing the nilar—a transformative economic model for creating a new reality of integrated, stable, and thriving African economies. ___ PS: This article outlines the Africonomics position on taxation. #Africonomics #economics #africa #AfricanEconomies #EconomicInsights #Africanleaders #policychange #debt #inflation #taxes

The Scourge of Fiat Currency in Africa Africa has suffered decades of economic instability, characterized by high inflation, currency devaluation, and economic stagnation. This is not a natural occurrence but a direct consequence of flawed economic policies, particularly the reliance on fiat monetary systems. Fiat currencies, created by governments without intrinsic value, are inherently unstable and prone to manipulation. This leads to instability, and other detrimental consequences that hinder investment, job creation, and economic growth. A sound currency is the bedrock of a stable and prosperous economy. By adopting a sound monetary system like the nilar, African nations can escape the cycle of rampant inflation and economic turmoil. Gain more insights: https://lnkd.in/embTE4np It's time for African leaders to prioritize economic stability and prosperity by embracing sound monetary principles. #Africonomics #economics #africa #EconomicInisights #FiatMoney #TheNilar #education #research #statism #capitalism

This graph showing that only 5 African economies make up 50 percent of the continent’s total GDP has circulated widely. While this statistic may be perceived as shocking, commentators overlook the underlying reason: this tragic situation reveals the extent to which the Western statist/socialist models maintained during the post-neocolonial era have been repressive, destabilizing, and impoverishing. As economic conditions continue to deteriorate locally and globally, African policymakers should abandon the statist approach to economic development, which has caused widespread economic turmoil, stagnation, and hardship. Africonomics offers the nilar, a transformative economic model for fostering a new reality of integrated, stable, and thriving African economies. #Africonomics #economics #africa #AfricanEconomies #EconomicInsights #Africanleaders #policychange #gdp

Our previous publication discussed how government deficit spending, fiat monetary policy, and high taxes are the main policy choices that distort, destabilize, and impoverish economies in Africa and worldwide. This article expands on the first section, which discusses how government debt accumulation and deficit spending destabilize and impoverish African economies. Gain more insights: https://lnkd.in/dHPjgTZ5 As another wave of government debt distress sweeps the continent amid rising debt servicing costs and deteriorating economic conditions locally and globally, African policymakers are called to move away from Western statist economic models, which have proven repressive and ruinous. Africonomics offers the nilar—a transformative economic model for achieving a new reality of integrated, stable, and thriving African economies. #Africonomics #economics #africa #AfricanEconomies #EconomicInsights #Africanleaders #policychange #debt #inflation #taxes

Fiat monetary practices have been a source of economic distortions, instability, and impoverishment in existing statist socioeconomic systems, debilitating economies worldwide. This article elaborates on the second section of How Government Debt, Inflation, and Taxes Impoverish African Economies, which discusses the detrimental effects of fiat monetary systems. Dive in: https://lnkd.in/embTE4np African economies can transition from the unjust, destabilizing, and impoverishing fiat currencies to the nilar, a gold-based monetary system designed for Africa. #Africonomics #economics #africa #Africanleaders #monetarypolicy #TheNilar #gold #currency #AfricanEconomies

October is a month of independence for several African nations: Guinea (October 2, 1958), Nigeria (October 1, 1960), Uganda (October 9, 1962), Zambia (October 24, 1964), Lesotho (October 4, 1966), and Equatorial Guinea (October 12, 1968) are examples of African countries celebrating their independence this month. Yet, African economic independence remains to be achieved, as most African nations struggle with rampant inflation, debt crisis, economic hardship, and dependence perpetuated by Western statist models. There is a way out: The state-directed approach to economic development has proven repressive and ruinous. A free-enterprise approach can catalyze rapid and sound growth. Africonomics offers the nilar, a transformative economic model for achieving a new reality of integrated, stable, and thriving African economies in a unified and collaborative approach. As economic conditions continue to deteriorate locally and globally, African leaders are called to shift from Western economics to Africonomics. READ MORE: https://lnkd.in/dJVxPSgR #Africonomics #economics #africa #EconomicInisights #TheScaleofStatism #education #research #statism #capitalism #AfricanEconomies #AfricanIndependence

The nilar is a gold-based monetary system designed to provide a much-needed stable and reliable currency to foster African economic development and prosperity. The nilar represents more than a sound currency system. It is a transformative economic model for achieving a new reality of integrated, stable, and thriving African economies, leading to a prosperous and dignified postcolonial Africa. Read more: https://lnkd.in/dVfM3nEe Instead of placing hopes on an alleged BRICS currency, which may not materialize, African policymakers can replace the unjust, destabilizing, and impoverishing fiat currency systems with the nilar. #Africonomics #economics #africa #Africanleaders #monetarypolicy #TheNilar #gold #currency #AfricanEconomies