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Regional – Sub-Saharan Africa – S&P report underlines role of fiscal, political risk in sovereign credit ratings

In a report released on November 12, the rating agency Standard & Poor’s (S&P) noted that high economic growth rates in the sub-Saharan Africa (SSA) region did not translate into improved credit quality this year. The report, entitled ‘Fiscal and External Weaknesses Constrain African Sovereign Credit Ratings, Despite Strong Economic Growth,’ emphasises SSA sovereigns’ single […]

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Namibia – IMF comments after Article IV visit

A mission from the International Monetary Fund (IMF) concluded its annual visit to Namibia with a statement on November 7, emphasising the “consistently high quality” of policy discussions with local authorities. The Fund expects economic growth to moderate to 4% this year (identical to our projection) as a result of weak demand for exports and […]

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Mozambique – No return to war

The National Resistance of Mozambique (Renamo) has returned to the bush, but this does not mean a return to war. Nor do we see any threat to regional economies. Renamo – the spawn of colonial Rhodesia and apartheid South Africa as a bulwark against ‘communists and terrorists’ such as the Liberation Front of Mozambique (Frelimo) […]

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DRC – Government seeks larger stake in mining boom

The government of the Democratic Republic of the Congo (DRC) is seeking to increase revenue from the expansion of its mining industry. The government plans to raise its free stake in new mining projects from 5% to 15%, considerably lower than the 35% figure that has been mentioned in recent months. In addition, proposed changes to […]

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Africa and the ICC

The recent special summit of the African Union (AU) marked a turning point in Africa’s relations with the International Criminal Court (ICC). At the summit, which was held in the context of the cases against Kenya’s President Uhuru Kenyatta and Deputy President William Ruto, there was much criticism of the ICC’s supposedly “condescending manner” towards […]

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