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South Sudan may struggle to attract oil investment

Location:

SOUTH SUDAN

Crude oil is central to South Sudan’s economy, providing between 80% and 90% of government revenue and almost all export earnings. Last year’s oil price shock hit the economy hard…

Protracted debt talks may stall Ghana's recovery

Location:

GHANA

This follows IMF Executive Board approval, on May 17, of a 36-month USD3bn Extended Credit Facility (ECF) aimed at addressing the country’s debt crisis. This was followed…

Kenya’s new budget targets significantly lower deficit

Location:

KENYA

After redeeming much of its USD2bn Eurobond in February, the government has effectively dispelled fears of a default. Nevertheless, it remains under pressure to consolidate public…

Kenya’s president will aim for fiscal consolidation

Location:

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.

Sao Tome coup allegations fuel political uncertainty

Location:

SAO TOME

On the same day, four suspects were tortured to death by the military. An investigation is ongoing. Meanwhile, in early December, the IMF suspended the country’s Extended Credit…

Kenya’s IMF programme will help close financing gap

Location:

KENYA

Facing a worsening fiscal situation amid the COVID-19 pandemic but reluctant to participate in G20 debt restructuring, Kenya arguably had few other options than to apply for new…

Nigeria's COVID-19 response at risk from weak links

Location:

NIGERIA

Nigeria's COVID-19 response.

Somalia faces long road to economic reconstruction

Location:

SOMALIA

Despite the government’s genuine efforts to implement policy reforms, low to non-existent institutional capacity will continue to impede the emergence of a more formalised…

Currency swings will weigh on Angola's debt position

Location:

ANGOLA

Starting today, this will increase the price of petrol at the pump from AOA160 (USD0.27) to AOA300 per litre. This occurs in a context of a weakening currency and high debt…

African central banks face growing political pressures

Location:

AFRICA

The move confirms long-held suspicions that the BoZ is subject to considerable political interference, which has increased as COVID-19 exacerbates the economic pressure on the…