Capital catalysts – Funding development when budgets are tight in Africa
In this presentation deck, we grappled with some of the Africa’s most pressing issues for 2024 and beyond. We explored Africa’s alternative funding strategies during challenging times, examined the continent’s growth hotspot, and unpacked South Africa’s political economy in the lead up to the general elections in 2024.
What you will learn:
- African governments will have to embrace financial innovation while keeping a grip on socio-political risks.
- East Africa will remain the continent’s fastest growing region by nurturing good relations with multilaterals, through well-targeted fiscal spending, and by embracing private sector participation.
- The ANC will contest next year’s elections in the weakest position it has been since full democracy, while the country faces a twin electricity crisis.
Africa risks squandering its critical mineral opportunity
There is a scramble for African critical minerals amid the ‘New Cold War’ brewing between the US and China.Find Out More
Africa: Climate change – a hot topic this week
September 6 marked the end of the African Climate Summit in Kenya, heralding the start of a crucial journey to address the adverse impacts of climate change. Kenyan President William Ruto has positioned himself as Africa's leading voice in the fight against global warming. According to Mr Ruto, the continent is losing 5% to 15% of its GDP growth per annum due to climate change.Find Out More
Is Africa’s fiscal effort sufficient to restore debt sustainability?
More than half of the African countries that we cover grapple with various degrees of debt distress, face unsustainable debt burdens, or actively seek to reprofile or restructure their public balance sheets. The threat of surging amortisations and debt interest costs sent countries including Egypt, Ethiopia, Ghana, and Kenya to the IMF, albeit with mixed success. However, the political repercussions of creditor-required fiscal consolidation cannot be readily dismissed, as illustrated by Kenya in H1 2023.Find Out More