Mozambique’s national energy landscape is now heavily reliant on renewables, which form 70% of its mix. The state utility, Electricidade de Moçambique (EDM), aims for complete energy coverage by 2030. They recently integrated an additional 55 MW from Cuamba and Mocuba power plants, emphasizing their commitment to sustainable power. Legal and regulatory support has bolstered […]
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By Adolfo Sachsida* Ronald Reagan once described a government’s economic perspective succinctly: “If it moves, tax it; if it keeps moving, regulate it; and if it stops, subsidize it.” The Soviet Union’s central economic planning experiment led to widespread hunger and poverty. However, it did spur growth in areas deemed essential by central planners, such […]
G20’s Wealth Tax Debate: A Shift Towards Equality
At a recent G20 finance ministers’ gathering, wealthier countries resisted efforts to reform tax systems to bridge the inequality gap. Oxfam Brazil’s research reveals a stark contrast in how G20 nations collect taxes. Wealth taxes contribute merely 8 cents to every tax dollar, a fraction of what is obtained from consumption taxes, which account for […]
Weekly Economic Events and Indicators: Jan 29 – Feb 2, 2024
Welcome to our comprehensive overview of the key economic events and indicators slated for the week of January 29 to February 2, 2024. This report is designed to provide investors, analysts, and policymakers with a detailed snapshot of the upcoming economic data and significant events that are expected to impact markets across the globe. From […]