Next Africa

A US Tax With Big Consequences For Africa


Listen Later

US President Donald Trump is proposing a 3.5% tax on remittances by non-citizens as part of the Republican tax bill currently working through the Senate.  

On today’s episode of the Next Africa podcast we look at why this proposal could have major repercussions for African economies, particularly Nigeria, one of the world’s biggest recipients of remittances. 

Jennifer Zabasajja is joined by  Dr Lydiah Kemunto Bosire, the founder of New York based 8B Education Investments, and hears how this makes America less attractive to Africa’s brightest students, and Nigeria Bureau Chief Anthony Osae Brown explains how reliant Nigeria is on remittances especially ofF the back of USAID cuts. 

For more stories from the region, subscribe to the Next Africa newsletter here

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Next AfricaBy Bloomberg

  • 4.4
  • 4.4
  • 4.4
  • 4.4
  • 4.4

4.4

188 ratings


More shows like Next Africa

View all
Focus on Africa by BBC World Service

Focus on Africa

380 Listeners

Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

412 Listeners

Bloomberg Surveillance by Bloomberg

Bloomberg Surveillance

1,179 Listeners

Masters in Business by Bloomberg

Masters in Business

2,186 Listeners

Odd Lots by Bloomberg

Odd Lots

1,991 Listeners

Bloomberg Law by Bloomberg

Bloomberg Law

380 Listeners

Bloomberg Businessweek by Bloomberg

Bloomberg Businessweek

434 Listeners

Trumponomics by Bloomberg

Trumponomics

350 Listeners

Foundering by Bloomberg

Foundering

970 Listeners

Trillions by Bloomberg

Trillions

196 Listeners

Here's Why by Bloomberg

Here's Why

66 Listeners

Out of Office by Bloomberg

Out of Office

30 Listeners

Wall Street Week by Bloomberg

Wall Street Week

64 Listeners

Listen to the Story by Bloomberg

Listen to the Story

4 Listeners

The Big Take by Bloomberg

The Big Take

154 Listeners

Into the Metaverse by Bloomberg Intelligence

Into the Metaverse

58 Listeners

Bedrock, USA by iHeartPodcasts and Bloomberg CityLab

Bedrock, USA

233 Listeners

Zero: The Climate Race by Bloomberg

Zero: The Climate Race

231 Listeners

Bloomberg Tech by Bloomberg

Bloomberg Tech

63 Listeners

Bloomberg Daybreak: US Edition by Bloomberg

Bloomberg Daybreak: US Edition

85 Listeners

Bloomberg News Now by Bloomberg

Bloomberg News Now

79 Listeners

The Deal with Alex Rodriguez and Jason Kelly by Bloomberg

The Deal with Alex Rodriguez and Jason Kelly

83 Listeners

Money Stuff: The Podcast by Bloomberg

Money Stuff: The Podcast

405 Listeners

Bloomberg Talks by Bloomberg

Bloomberg Talks

21 Listeners

In the City by Bloomberg

In the City

12 Listeners

The Economics Show by Financial Times

The Economics Show

148 Listeners

Bloomberg Opinion by Bloomberg

Bloomberg Opinion

7 Listeners

The Cable by Bloomberg News

The Cable

2 Listeners

The Sixth Bureau by Bloomberg and iHeartPodcasts

The Sixth Bureau

118 Listeners