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Financing shortfall will push Oman to uneasy austerity

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OMAN

A fiscal crunch exacerbated by the pandemic and associated oil-price crash has forced the authorities to step up long-term ‘Omanisation’ efforts, ultimately taking pressure off…

Jordanian stability will outface economic challenges

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JORDAN

Activists had threatened more protests if progress were not achieved by that deadline. There have been no reforms as yet and a new draft income-tax law offered for public…

Egypt will focus on boosting industrial output

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EGYPT

Stabilisation measures implemented with Gulf assistance this year have created a platform for manufacturing growth. If this can be directed to boost manufactured exports, it would…

Egypt import controls will not prevent devaluation

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EGYPT

British Airways stopped selling tickets in Egyptian pounds because it could not convert earnings into dollars. At end of February, Egypt's foreign reserves stood 16.53 billion…

IMF loan will help address Tunisia's crisis

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TUNISIA

The loan is especially critical because Tunisia is struggling with a rising debt burden and a shortage of foreign currency, while inflation is rising and foreign investors, plus…

Lifting COVID-19 measures may hit resilient eastern EU

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EU

Available second-quarter data indicate a shallower recession in most of the eleven eastern EU member states (EU-11) than the rest of the EU in January-June. This may be due to a…

South Africa’s government faces major tax dilemmas

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SOUTH AFRICA

Wealth, inheritance and ‘solidarity’ taxes are being considered -- with the latter recently flagged as one solution to pay for COVID-19 vaccine procurement and pandemic-related…

Latvia’s new three-party coalition will probably last

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LATVIA

The October 1 parliamentary election gave Krisjanis Karins, Latvia’s first prime minister to serve a full four-year term, a clear mandate to form a government. His New Unity (JV…

Ghana's IMF compliance to be highly uneven

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GHANA

Ghana's IMF deal.

Prospects for Africa in the second quarter

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PROSPECTS Q2 2015

Prospects for Africa in the second quarter.