There is a tax that does not appear in any national budget. It is not collected by a revenue authority, does not show up in a fiscal deficit, and is never debated in the National Assembly. Yet it is paid every day by entrepreneurs who cannot access capital, by businesses that cannot close partnerships they deserve, by organisations whose credibility is questioned before they have spoken, by governments whose policies fail to take root, and by development programmes whose impact dissolves the moment the funding ends.
It is the tax of institutional trust deficits. Across Africa, it is one of the most expensive costs of doing business, and one that is least measured. Read More on Africanangle.com
