Chad Suspends Import Taxes on Food to Avoid Sudan-Style Protests
LAGOS (Capital Markets in Africa) – Chad scrapped import taxes on staple foods to quell growing anger about rising food prices, a month after protests in neighboring Sudan over high costs of living forced President Omar al-Bashir to step down. The decision comes amid regular, days-long power outages in the capital, N’Djamena, and after almost four months of an acute cooking-gas shortage that forced the poorest residents to use cow dung as fuel. Last year,…
Read More