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1 – 10 of 23Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…
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DOI: 10.1108/OXAN-DB285730
ISSN: 2633-304X
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Geographic
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The deal also appears to have satisfied official creditors, which had blocked an earlier deal on the basis that it granted bondholders more favourable terms than official…
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DOI: 10.1108/OXAN-DB286478
ISSN: 2633-304X
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Geographic
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Droughts threaten knock-on effects for areas without direct water scarcity challenges, in the form of food price pressures, increased irregular migration from displaced…
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DOI: 10.1108/OXAN-DB285712
ISSN: 2633-304X
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Geographic
Topical
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…
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DOI: 10.1108/OXAN-DB286433
ISSN: 2633-304X
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Geographic
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Markets in the region are characterised by the dominance of a small number of large firms, and the Bank believes that governments can spur growth by strengthening competition…
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DOI: 10.1108/OXAN-DB286983
ISSN: 2633-304X
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Geographic
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AI promises to drive economic efficiencies across sectors, improve the delivery of critical services such as healthcare, democratise access to knowledge and skills, and tighten…
Existing conditions facilitate this: the country's open economy is highly dependent on foreign trade, it enjoys access to Mediterranean and Atlantic routes and ongoing…
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DOI: 10.1108/OXAN-DB286595
ISSN: 2633-304X
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Geographic
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These difficulties have arisen despite the sharp rise in oil output to nearly 143 million barrels last year, from which the government received some USD1.6bn in revenues. Oil…
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DOI: 10.1108/OXAN-DB286685
ISSN: 2633-304X
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The amount of land granted for mining has now surpassed 2 million hectares, having doubled between 2021 and 2023 to around 1.8 million. This rapid expansion in mining activity…
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DOI: 10.1108/OXAN-DB287043
ISSN: 2633-304X
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Geographic
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The GDP growth target of 5% and the urban job creation target of 12 million are unchanged from last year, but harder to achieve as the post-pandemic rebound fades and large-scale…