BLUE ECONOMY: THE LATENT POTENTIAL OF FISHERIES AND AQUACULTURE IN CABO VERDE CABO VERDE| ECONOMIC UPDATE - MARCH 2024 Blue Economy: The Latent Potential of Fisheries and Aquaculture in Cabo Verde Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized 1 Public Disclosure Authorized © 2024 The World Bank 1818 H Street NW, Washington DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org Some rights reserved This work is a product of the staff of The World Bank. The find ...

Mobility and Transport Connectivity Series Public Disclosure Authorized Public Disclosure Authorized Overcoming the Barriers to Green, Resilient, Inclusive, and Efficient Regional Trade Corridors in Southern Africa Public Disclosure Authorized Public Disclosure Authorized © 2024 World Bank International Bank for Reconstruction and Development/The World Bank 1818 H Street NW, Washington DC 20433 Internet: http://www.worldbank.org/transport Standard Disclaimer This work is a product of the staff of The Intern ...

The Path to 5G in the Developing World Planning Ahead for a Smooth Transition The Path to 5G in the Developing World The Path to 5G in the Developing World PLANNING AHEAD FOR A SMOOTH TRANSITION © 2024 International Bank for Reconstruction and Development / The World Bank 1818 H Street, NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org Some rights reserved 1 2 3 4 27 26 25 24 This work is a product of the staff of The World Bank with external contributions. The findings, interpre ...

Public Disclosure Authorized Digital Skills Development in EAP: Key Findings and Recommendations from the Country Studies Public Disclosure Authorized Public Disclosure Authorized The World Bank September 2023 Public Disclosure Authorized 1 Contents | Executive Summary . | | |--------------------------------------------------------------------------------------------------------------------------------------------|----| | 1. Objective of the Study . | | | 2. Methodology of the Study . | | | 3. Key Findings ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report highlights that Kenya's economic growth in 2023 experienced a cyclical rebound, with real GDP expanding by 5.6 percent, driven by recovery in the agricultural sector and resilience in services, despite challenges in the industrial sector [21][33] - The external sector faced significant challenges, with imports and exports contracting due to lower domestic demand and reduced global demand, leading to a narrowing of the current account deficit [22][41] - Trade integration is emphasized as a critical factor for economic growth and job creation, with Kenya's share of total trade consistently falling over the last decade, indicating a need for policy reforms to enhance export orientation and competitiveness [27][29] Summary by Sections Recent Economic Developments - Global economic growth slowed to 2.6 percent in 2023, with expectations of further decline in 2024, while Sub-Saharan Africa is projected to rebound in 2024-25 [20][31] - Kenya's real GDP growth accelerated to 5.6 percent in 2023, supported by a recovery in agriculture and growth in the services sector, although the industrial sector faced deceleration [21][33] - The external sector experienced a contraction in both imports and exports, with the current account deficit narrowing by 29.2 percent year-on-year [22][41] Outlook and Risks - The growth outlook for Kenya is projected to slow to 5.0 percent in 2024 due to ongoing fiscal consolidation efforts and tight monetary policy, despite improvements in macroeconomic conditions [26] - Trade integration efforts are crucial for enhancing economic growth and job creation, with significant potential for export expansion in key sectors [27][29] Special Focus: Trade Integration - Kenya's trade patterns indicate that agriculture is the largest contributor to exports, but the country has underperformed in diversifying its export basket [27][28] - The report emphasizes the importance of revising trade and investment policies to foster export orientation and enhance productivity and innovation [29]

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A World Bank Group Flagship Report JUNE 2024 Global Economic Prospects Global Economic Prospects JUNE 2024 Global Economic ...

GOVERNANCE AND THE DIGITAL ECONOMY IN AFRICA TECHNICAL BACKGROUND PAPER SERIES Regulating Digital Data in Africa dezirohtuA erusolcsiD cilbuP dezirohtuA erusolcsiD cilbuP dezirohtuA erusolcsiD cilbuP dezirohtuA erusolcsiD cilbuP GOVERNANCE AND THE DIGITAL ECONOMY IN AFRICA TECHNICAL BACKGROUND PAPER SERIES Regulating Data Protection and Cybersecurity in Africa: Findings from the Global Data Regulation Diagnostic Technical Background Paper: Regulating Data Protection and Cybersecurity in Africa Findings from ...

Investment Rating - The report does not explicitly provide an investment rating for the telecom sector in Africa Core Insights - The report analyzes the fiscal challenges faced by telecom operators and users in Africa, highlighting the high tax burdens that hinder digital economy governance and connectivity [13][14][20] - It emphasizes the need for a more efficient, fair, and simple fiscal framework to promote digital inclusion and economic growth [37][38] - The report identifies significant variability in tax approaches across African countries, leading to a complex array of taxes and parafiscal fees that are often misaligned with sound tax principles [14][21] Summary by Sections 1. Introduction to the Fiscal Challenges - The telecom sector in Africa faces high fiscal burdens, with nearly half of the population lacking access to mobile services and three-quarters not using mobile internet [23][24] - The tax environment significantly impacts investments and operational costs, contributing to the digital divide [23][25] 2. Fundamental Tax Principles - The report advocates for a tax framework that is efficient, simple, and equitable, which is essential for fostering digital transformation [21][37] 3. Taxes and Fees on Telecom Operators - Telecom operators face higher corporate income tax rates compared to other sectors, with rates varying from 15% to 35% across different countries [15][19] - Operators also incur customs duties and various regulatory fees, which are often not proportional to the costs of regulatory functions [16][27] 4. Taxes and Fees on Users of Digital Connectivity - Users are subject to multiple taxes, including VAT on handsets and services, activation fees, and excise taxes on usage, which raise the overall cost of connectivity [18][29] - These additional costs disproportionately affect low-income individuals and can limit access to digital services [18][20] 5. Tax Policy Considerations - The report recommends re-evaluating tax policies to minimize over-taxation and ensure a transparent legal framework for telecom companies and consumers [5][21] - It emphasizes the importance of stakeholder involvement in tax policy reforms to enhance the digital economy's growth [21][22] 6. Overview of Taxes and Fees - The report provides a classification of taxes and fees applicable to telecom operators and users, highlighting the significant portion of market revenue accounted for by sector-specific taxes [28][30] - It notes that sector-specific taxes can exceed general taxation, with mobile sector contributions to taxes being notably high in countries like Tanzania and Kenya [30][31]