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Prospects for African economies to end-2023

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PROSPECTS H2 2023

The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…

Weak opposition will buy Nigeria's Tinubu time

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NIGERIA

Nevertheless, it remains mired in many of the same basic governance and security challenges that derailed its predecessors. There is little evidence that it has a plan to address…

African debt distress increases instability risks

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AFRICA

If it cannot pay or reach a bondholder deal within a 14-day grace period, it would become the third African country to default since 2020. These defaults reflect a broader…

Togo's Faure faces few obstacles to enhanced rule

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TOGO

This was followed by April 29 legislative and regional elections which saw the ruling Union for the Republic (UNIR) party win an overwhelming majority of seats in the parliament…

Incentives may fuel East Africa green transport growth

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EAST AFRICA

Driven in part by foreign exchange shortages and petroleum import costs, the measure also seeks to leverage Ethiopia’s own electricity resources to underpin a new ‘green…

Jihadist growth may accelerate in the Sahel

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SAHEL

Violence also appears to be escalating in Niger since the July 2023 coup there. The ruling military juntas in all three countries have followed the same basic strategy of…

Regional tensions threaten West African food security

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WEST AFRICA

This could worsen to an estimated 49.5 million people by mid-year as the lean season sets in between harvests. Meanwhile, over 100 million people could face food insecurity if…

Senegal faces political instability in coming months

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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…

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…

East Africa wind power will expand despite challenges

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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…