Challenges & opportunities

Right across Africa, the race is on for non-oil economic growth as mineral-rich nations battle to build diversified economies – but there are many challenges. Almost every sub-Saharan African country suffers from a widening trade deficit as they import what they cannot make and struggle to export what they can. The widening trade deficit places great strain on the currency reserves that some countries have. Angola, having suffered recently from severe reductions in its foreign currency reserves since the oil price collapse and a dramatically weakened Kwanzaa, is now facing creeping inflation and a rising debt-to-GDP ratio.

* The email will not be published on the website.