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Ethiopia faces tough monetary and fiscal rebalancing

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ETHIOPIA

Numerous domestic and external shocks have rocked the macroeconomic environment in recent years, aggravating high inflation and chronic foreign exchange (forex) shortages…

Zimbabwe may struggle to resolve its economic crisis

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ZIMBABWE

This translates into soaring prices for essential goods with dire implications for the estimated 43% of the population living in extreme poverty. Contributing to the situation is…

Prospects for East Africa and the Great Lakes in 2023

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PROSPECTS 2023

Prospects for East Africa and the Great Lakes in 2023.

Kenya’s president will aim for fiscal consolidation

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KENYA

Nairobi cancelled a bond sale last year; it has 17 months to rebuild its credibility with investors before seeking to refinance a USD2bn Eurobond.

Ethiopia's forex crunch will aggravate reform pressure

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ETHIOPIA

The government hopes this plan will above all inject fresh foreign currency into the cash-starved economy. Recently, it has had to manage its dwindling foreign exchange (forex…

Kenya campaign promises face economic reality check

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KENYA

However, their campaign promises, some of which are ambitious, may be constrained by a difficult budgetary situation, something which neither camp denies.

Angola's renewed China dependence will bring more pain

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ANGOLA

However, China’s insistence on negotiating debt relief bilaterally and on a loan-by-loan basis will delay efforts to reschedule borrowing, jeopardising Angola’s debt…

Ethiopia’s conflict clouds the economic outlook

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ETHIOPIA

Both are desperately needed, as G20 debt service relief will soon expire, and as the conflict in northern Ethiopia increasingly strains the economy and the government’s finances.

Prospects for African economies in 2021

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PROSPECTS 2021

Living standards are set to decrease further, with the number of Africans in poverty projected to rise for the first time in two decades. Current debt relief initiatives look…

Politics will dictate Sudan’s economic outlook

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SUDAN

The dialogue explicitly aims to assist Sudan’s military rulers and political forces to agree on reviving the transition to democracy. It is also critical to the economic outlook…