AFRICA STORIES

Burkina's new code signals end to tax break

Burkina Faso’s transitional parliament has passed a new mining code removing a 10% tax break on mining companies’ profits and instead obliges companies to contribute to a local development fund.

The move follows a pledge by the World Bank to provide US$100 million in budget support to the country if it introduced a new policy guaranteeing mining companies with industrial mining licences contribute...

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