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Country SnapshotsGuineaIndustries

Guinea Snapshot

Guinea’s mining industry has been one of the main drivers of its economic growth and of the significant increase in mineral exports from the West Africa region. West African countries exported US$16.1bn of minerals in 2017, 26.3% more than in the previous year, largely due to the large increase in exports from Guinea, whose mining sector continues to grow apace.

Country SnapshotsEswatiniIndustries

Kingdom of Eswatini (formerly Swaziland) Snapshot

The new prime minister of the Kingdom of Eswatini (formerly Swaziland) has been quick to announce a raft of austerity measures and a fight against corruption in the economically-depressed country. Prime minister Ambrose Dlamini, formerly the head of MTN’s operations in the country, was appointed by King Mswati in late October, soon after September elections, where political parties are not allowed. Dlamini’s appointment was followed by the appointment of six royal family members to the House of Assembly and eight to the Senate, according to reports.

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Country SnapshotsMorocco

Morocco Snapshot

Morocco’s new coalition government has focused on pro-poor reforms, job creation and implementing the country’s industrialisation strategy, which aims to increase the industrial sector’s share to 23% of GDP by 2020 from 18.5% in 2016. Evidence of its aspirations and success in this regard can be found in the automotive sector, where, in 2017, it overtook South Africa as the continent’s largest producer of passenger cars.

Country SnapshotsEthiopia

Ethiopia Snapshot

The winds of change are sweeping through Ethiopia since Abiy Ahmed became prime minister in April. Ethiopia is sub-Saharan Africa’s fastest growing economy, with average growth of around 10% a year for over a decade. GDP was US$8.2bn in 2000, $80bn by 2017, and will reach US$129bn by 2023, according to the IMF. The IMF’s World Economic Outlook expects 8.5% GDP growth in 2019 – while the World Bank expects 8% – outstripping advanced economies and global growth, which is expected at 3.9%.

Country SnapshotsIndustriesTanzania

Tanzania Snapshot

The European Union’s 5 November recall of its ambassador to Tanzania, based on “the deterioration of the human rights and rule of law situation” in the country, highlights growing concerns about its government’s crackdown on human rights and an increasingly difficult investment environment. Since assuming power in 2015, president John Magufuli has made significant changes and reforms including reducing bloated government, improving tax collection and reining in on tax evasion.