Africa’s corporate tax environment in 2024 presented a diverse landscape, reflecting each country's approach to balancing revenue generation with investment attraction. At one extreme, Comoros applied a steep 50% tax on companies, followed by Chad and Equatorial Guinea at 35%, while Morocco and Cameroon set rates just under 33%. A larger group of countries, including Nigeria, Ethiopia, Kenya, Zambia, and Gabon, converged around a 30% rate, forming the most common bracket across the continent.
In Nigeria, the corporate income tax for large companies remained at 30% following the latest tax reforms in June 2025. Countries not in this higher-rate group generally levied taxes below 30%, signalling a gradual shift toward more competitive regimes in parts of Africa. These variations create a patchwork of fiscal environments, where businesses face very different obligations depending on their location, highlighting how African nations navigate the balance between raising revenue and attracting investment.
