Mo Ibrahim warns African States on tax exemptions

Treasury CS John Mbadi before The Standing Committee on Devolution and Intergovernmental Relations at Bunge Towers, Parliament, Nairobi on July 17th, 2025. [Elvis Ogina, Standard]

African economies have been cautioned against ‘the race to the bottom’ where governments exempt multinationals from taxes in a bid to increase foreign direct investments (FDI).

Mo Ibrahim’s latest report, Financing the Africa we want, points out that this strategy causes African economies to start competing on who has the lowest barriers of entry for foreign investors.