OECD Sees Extractives Sector Lifting African Corporate Tax Take

Higher corporate tax revenues drove a third consecutive annual increase in taxation as a share of GDP across Africa, according to a new report from the Organization for Economic Cooperation and Development.

The continent’s vital extractive sector saw higher profits on the back of rising commodity prices in 2023, feeding higher corporate tax takes and raising average taxes across the 38 profiled nations by 0.3 percentage points, the OECD said in its Revenue Statistics in Africa 2025 report Wednesday.

Chad, Equatorial Guinea, and Gabon registered the highest increases in their tax-to-GDP ratios of 3.4, 4.5, and 4.9 percentage ...