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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…

Nigeria will struggle to boost food output

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NIGERIA

This is up from nearly 19 million people in 2023. The crisis has worsened in recent weeks with major food and cost-of-living protests erupting across several states, as well as…

South Africa may struggle to deliver a credible budget

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SOUTH AFRICA

Facing major shortfalls in tax collections, the Treasury has therefore requested government departments to implement immediate spending cuts and has recommended far-reaching…

Bleak economic indicators will be the norm in Sudan

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SUDAN

Nevertheless, for the first time since the war broke out, the central bank has presented a monetary policy strategy and the finance ministry a budget.

Coup claims may bode ill for Zambia’s opposition

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ZAMBIA

Recent successful coups in West and Central Africa have raised fears this might embolden militaries elsewhere to seize power. However, Zambia is a well-established democracy where…

Ethiopia hopes painful reforms will stabilise economy

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ETHIOPIA

Ethiopia applied for IMF support in September 2021 but the ensuing negotiations were difficult. However, up-front implementation of major reforms eventually convinced the IMF to…

Power price increases will ease subsidies in Nigeria

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NIGERIA

The prices now stand at NGN206.8 (USD0.14) per kilowatt-hour from an original price of NGN66.0 per kilowatt-hour. The price increases are intended to help reduce federal…