The African Tax Administration Forum (ATAF) says boosting Domestic Resource Mobilisation (DRM) is key to closing the gap, reducing overreliance on external funds, and giving governments more fiscal independence. Africa's tax-to-GDP ratio remains below…  | By Enitan Ajebukola Ajewumi on August 29, 2025 | The African Tax Administration Forum (ATAF) says boosting Domestic Resource Mobilisation (DRM) is key to closing the gap, reducing overreliance on external funds, and giving governments more fiscal independence. Africa's tax-to-GDP ratio remains below the 15% mark needed for sustainable growth, but even a 1% rise could generate an extra $35 billion yearly. Read also, For SMEs, this push could mean tighter tax enforcement, broader tax reforms, and stronger measures against illicit financial flows (IFFs) like transfer mispricing and trade mis-invoicing. ATAF stresses that better tax systems, anti-corruption reforms, and gender-inclusive policies are vital for sustainable development and for creating an enabling environment where small businesses can grow. | | | |
