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Somali economic reforms will extend beyond debt relief

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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…

Prospects for South Africa in 2024

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PROSPECTS 2024

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

Kenya’s new budget targets significantly lower deficit

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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…

FOCAC 2024 aims to renew the China-Africa relationship

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AFRICA/CHINA

This was the largest FOCAC event ever, bringing together leaders of 53 African countries and their Chinese counterparts. The event aimed to reinvigorate the Sino-African…

South Africa faces fiscal reform challenges

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SOUTH AFRICA

However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.

Ruto’s fiscal shift will create challenges for Kenya

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KENYA

This is the first major setback for the administration's fiscal consolidation efforts, which had initially made progress.

Kenya faces growing fiscal consolidation challenges

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KENYA

The weakness of the Kenyan shilling, which is constantly hitting new record lows, has generated so much concern that, on October 24, parliament summoned the central bank governor…

Ghana may loosen purse strings after debt deal

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GHANA

The announcement thereby removes one of the last major obstacles standing in the way of a comprehensive debt resolution for the country.

Ethiopia faces tough negotiations around IMF programme

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ETHIOPIA

Addis Ababa must reach an agreement with the IMF to honour its commitments under its debt-service suspension agreement with official creditors. Thereafter, further talks will be…

Cape Verde will look to foreign partners for aid

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CAPE VERDE

The visit focused on climate change, renewable energy and tourism, among other things. It also reflects Cape Verde’s broader efforts to cultivate ties with the EU and other…