Next year holds promise for the dawning of a new industry in Africa and somewhat of a commercial renaissance taking place in Kenya – East Africa’s economic anchor. Our watchlist for 2024 also foregrounds major currency devaluations in Ethiopia and Egypt and a strong probability of coups d’état in Cameroon and Tunisia. We expect support for the African National Congress (ANC) to drop below 50% in South Africa’s general elections, but that coalitions with smaller parties will allow the ruling party to cling to power.
