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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.
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…
Stronger economic growth in the United States, falling domestic inflation and improving government finances are expected to support the region’s exports, consumption and…
Numerous domestic and external shocks have rocked the macroeconomic environment in recent years, aggravating high inflation and chronic foreign exchange (forex) shortages…
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…
By prioritising debt repayments over salary payments (and refraining from short-term borrowing to pay salaries), the government is signalling its commitment to servicing debts…
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DOI: 10.1108/OXAN-DB278562
ISSN: 2633-304X
Keywords
Geographic
Topical
The changes come amid deep concerns over respect for the rule of law, entrenched macroeconomic frailties and ongoing unrest across the country. They also continue a pattern of…
South Africa’s escalating power crisis has slashed its growth prospects, with the government making only slow progress on promised reforms and the president declaring a state of…
Details
DOI: 10.1108/OXAN-DB276446
ISSN: 2633-304X
Keywords
Geographic
Topical
National currencies have depreciated against the dollar, pushing central banks to act to restore price stability. Political instability has seriously dampened growth, and protests…
Prospects for Sub-Saharan African economies in 2023