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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…

Prospects for Sub-Saharan African economies in 2024

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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…

Botswana faces economic challenges as diamonds slump

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BOTSWANA

The economy remains heavily dependent on diamonds, which constitute almost 80% of export revenues and 25% of GDP. The contraction represents the largest negative economic shock…

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.

Senegal's new president may face obstacles to reform

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SENEGAL

This follows an upset March 24 victory over his main opponent, ruling party candidate Amadou Ba. Faye ran in place of main opposition leader Ousmane Sonko, who was barred from…

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…

Guinean junta repression may jeopardise transition

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GUINEA

This followed the violent repression on September 4 of anti-junta protests organised under the banner of the Vital Forces of Guinea (FVG) opposition alliance. The junta, led by…