African National Congress leads in South African electionsOn Wednesday, May 8, South Africans took to the polls to re-elect President Cyril Ramaphosa and his incumbent African National Congress (ANC) party. According to research from the African Development Bank, the introduction of electronic cash registers in Ethiopia increased value-added tax collections and payments by about 32 percent. However, the report states that, given the low tax base, there is still significant scope to mobilize domestic resources with additional reforms. New World Bank president commits to additional funding for AfricaLast Friday, May 3, World Bank President David Malpass announced during a three-country visit to the region that the organization will boost its lending to Africa in the coming years. The World Bank also announced that it would increase support for Malawi, Mozambique, and Zimbabwe as they recover from Cyclone Idai.

Source: Ethiopian News May 11, 2019 09:56 UTC