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Falling Customs Revenue Worries African Countries

Officials from Francophone Africa say plummeting customs revenue could lead to severe financial difficulties and slow development. Cross-border trade and the usual taxes it generates have taken a serious hit because of piracy in the Gulf of Guinea, Boko Haram activities in Nigeria,and the persistent crisis in the Central African Republic. The drop in customs revenue, caused by conflict, piracy and terrorism, is a growing problem for governments across West and Central...

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