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Country SnapshotsLiberia

Liberia Snapshot

The effects of a long civil war, an Ebola crisis from 2014 to 2016 and the subsequent withdrawal of peacekeeping forces and aid continue to weigh heavily on the Liberian economy. Estimates of the country’s GDP, and its growth outlook, vary widely. African Development Bank figures indicate GDP growth was an estimated 3.2% in 2018, from 2.5% in 2017, driven largely by growth in mining and manufacturing.

Country SnapshotsNigeria

Nigeria Snapshot

Economic growth in Nigeria, the most populous country in Africa, remains slow and way off the overly-optimistic expectations of its 2017 economic recovery and growth plan. The country, which is negotiating World Bank funding in the region of US$2.5bn, the second tranche in as many years, remains highly dependent on agriculture and oil, which played into its languid GDP growth of 1.94% in the quarter to June, from 2.1% and 2.46% in the previous two quarters.

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Country SnapshotsMozambique

Mozambique Snapshot

There are causes for optimism about Mozambique’s political and economic future due partly to a recent peace accord with opposition Renamo ahead of the country’s October election and partly to the announcement of several major projects following the discovery of huge deposits of natural gas. African Development Bank figures show Mozambique’s GDP growth was 3.5% in 2018, down sharply from the average of 7% from 2004 to 2015, mainly because of the steep decline in public and foreign investment.

Country SnapshotsZambia

Zambia Snapshot

Zambia’s economy is holding steady despite the massive drop in agricultural output in 2018. But political and economic challenges weigh heavily on the country. World Bank figures estimated Zambia’s 2018 GDP growth at 3.5% while the African Development Bank estimated economic growth at 4.0% in 2018, compared with 4.1% in 2017. It said that agricultural output fell more than 35% in 2018 due to poor rainfall, although copper production and construction contributed positively to growth.

Country SnapshotsIndustriesMalawi

Malawi Snapshot

Economic growth forecasts remain high for Malawi despite extreme poverty, food insecurity and recent protests over its May elections. President Peter Mutharika, voted in by a small margin in the election, which protesters across Lilongwe and Blantyre say was rigged, said in his state of the nation address that economic growth would reach 5% in 2019 on the back of higher agricultural production and growth in mining, ICT, and financial services.

BotswanaCountry SnapshotsIndustries

Botswana Snapshot

Botswana has a long-held reputation as a stand-out example of political and economic stability on the continent, which has seen its economy grow at an average of 5% over the past decade. Its reputation has begun to show cracks as former president Ian Khama and his chosen successor president Mokgweetsi Masisi lock horns in a battle which has implicated African Rainbow Minerals executive chairman Patrice Motsepe and his sister Bridgette Radebe, executive chairperson of Mmakau Mining.

Country SnapshotsEgyptIndustries

Egypt Snapshot

Egypt’s economy grew 5.3% in the fiscal year to June 2018 from 4.2% in 2017 as the country continued its recovery through painful years of reforms, largely prompted by conditions of a US$12bn International Monetary Fund (IMF) loan. The 2016 floating of the Egyptian pound saw it immediately devalue by 50%, while inflation soared and import prices became prohibitive. At the same time, the government introduced value-added tax and withdrew fuel and food subsidies.

Country SnapshotsDemocratic Republic of the Congo'Industries

Democratic Republic of Congo Snapshot

The December 30 2018 election in the Democratic Republic of Congo (DRC), which was widely acknowledged to have been rigged, declared Felix Tshisekedi as the winner over Martin Fayulu, who got the most votes. It is understood that Tshisekedi’s election was the result of a deal made with former president Joseph Kabila, whose rule since 2001 was characterised by conflict, corruption, authoritarian rule and human rights abuses.