RaboResearch - Economic Research

Country Report

Country Report Cameroon

In 2012, the economic performance of Cameroon improved on the back of the oil sector, while the political risks persisted, despite milestones having been achieved.

Country Report

Country Report Zambia

Zambia’s reliance on copper exports takes its toll on its external positions, while populist measures and political tensions could make matters worse.

Country Report

Country Report Algeria

Algeria’s hydrocarbon-based economy is facing rising competition from the recent shale gas boom in the US, but thanks to ample fiscal reserves, the impact on the country has been limited so far. Its social climate will likely remain stable, even if President Bouteflika should be re-elected next year.

Country Report

Country Report Ghana

Ghana sees robust economic growth on the back of the nascent oil sector, but the lack of fiscal discipline raises concerns about future debt sustainability and increasing vulnerabilities.

Country Report

Country Report Kenya

Peaceful elections in 2013 restored confidence in Kenya’s political stability to some extent and bode well for economic development, while the large twin deficits remain a matter of concern.

Country Report

Country Report Mauritius

The economy of Mauritius, an offshore financial centre in the Indian Ocean, suffered from the turmoil in Europe. Still, the government found the room for significant fiscal consolidation.

Country Report

Country Report Botswana

Botswana’s economy remains largely dependent on diamond mining. As a result of weak external demand for diamonds, economic growth has slowed down last year. The fiscal position improved substantially and the budget is now recording a small surplus.

Country Report

Country Report Angola

Angola is an oil-rich country and Africa’s second largest oil exporter. Angola’s economic growth is highly dependent on oil price developments and a declining international oil price will therefore remain a cause of concern.

Country Report

Country Report South Africa

The largest and most modern economy of Sub Saharan Africa had a troublesome year as the large income disparities burst out into protracted industrial unrest, while domestic bottlenecks and low external demand took its toll on economic development.

Country Report

Country Report Tanzania

Tanzania grew 6.8% in 2012 and expects 7% growth in the coming years. Gas reserves discovery can boost the economy, but high corruption can cause discontent with Tanzanians and donors. Readily available financing accommodates the large twin deficit.

Country Report

Country Report Rwanda

Rwanda’s is in trouble. Due to the UN’s claims of involvement in the violence in DR Congo, several donors withdrew their support. This hits Rwanda hard, as donor income accounts for a large part of foreign exchange and fiscal income.