Search results

Nigerian central bank may face political pressure

Location:

NIGERIA

This aims to lower repayment obligations, reducing interest on the loans from 21.5% to 9.0% with a three-year repayment moratorium. It also looks to increase transparency over…

Somali economic reforms will extend beyond debt relief

Location:

SOMALIA

The programme's successful completion demonstrates the government's ability to deliver on reforms despite a difficult environment and clears the way for debt relief under the…

East Africa wind power will expand despite challenges

Location:

EAST AFRICA

With an installed capacity of 310 megawatts, LTWP is Africa’s largest operational wind farm. However, despite its potential, wind power remains a small part of East Africa’s…

Kenya’s new budget targets significantly lower deficit

Location:

KENYA

After redeeming much of its USD2bn Eurobond in February, the government has effectively dispelled fears of a default. Nevertheless, it remains under pressure to consolidate public…

Protracted debt talks may stall Ghana's recovery

Location:

GHANA

This follows IMF Executive Board approval, on May 17, of a 36-month USD3bn Extended Credit Facility (ECF) aimed at addressing the country’s debt crisis. This was followed…

Senegal faces political instability in coming months

Location:

SENEGAL

The delay of the polls to December 15 has provoked domestic, regional and Western criticism. The postponement was announced by President Macky Sall and endorsed by a parliamentary…

Prospects for South Africa in 2024

Location:

PROSPECTS 2024

Macroeconomic prospects depend on whether Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS) achieves traction with potentially hostile audiences…

Mali's northern goals may hurt relations with Algeria

Location:

MALI

Dicko met with Algerian President Abdelmadjid Tebboune. Algiers claimed the meetings with northern armed groups were part of a mediation effort regarding which Malian authorities…

Nigeria's Rivers State dispute raises instability risk

Location:

NIGERIA

The dispute centres over Wike’s efforts to retain control of state resources, the legislature and administrative machinery and Fubara’s efforts to assert his independence from his…

Prospects for Sub-Saharan African economies in 2024

Location:

PROSPECTS 2024

Stronger economic growth in the United States, falling domestic inflation and improving government finances are expected to support the region’s exports, consumption and…