Business News Zambia Newspaper’s Post

🌍💰 The possible exit of the CFA franc for Mali, Burkina Faso and Niger, big changes in perspective! 💡🔄 The economic challenges to anticipate. #Currency #EconomicTransition #Africa 👉 [Link to full article]

Currency Multipolarity is coming to Africa, by way of increased use of RMB for cross border trade with Zambia. African nations are sitting on vast natural resources. Opportunities to strike long term economic and social development-enabling trade and investment agreements abound - outside of the USD-dominated Bretton Woods financial architecture. Post WW2 finance sustained colonial economic relations, even while politically colonialism retreated. This can change now. #currencymultipolarity #dedollarisation #zambia #africa #china #rmb

The International Monetary Fund (IMF) has released a report identifying ten African countries grappling with substantial debt burdens. These nations, facing significant balance of payment challenges, struggle to meet international financial obligations, impacting their economic stability. Key Nations Facing Debt Burdens: 1. Egypt tops the list with an outstanding debt of $10.2 billion. Political instability, high unemployment, and inflation contribute to its economic woes. 2. Angola owes nearly $3 billion, heavily reliant on volatile oil exports, which impacts economic diversification efforts. 3. Kenya, with over $2.5 billion in IMF loans, strives to address public debt, fiscal deficits, and infrastructure development. 4. Ghana has a debt of approximately $2.3 billion, balancing stable democracy with ongoing economic challenges..... Tap the link in our bio to read more. #IMF #DebtBurden #AfricanEconomy #Top10 #FinancialStability

1) This is an Interesting Article. And well researched.. Michael Pettis sir wrote about this often. But the authors has missed One Point in my Opinion.."The quality of the Political Institutions in the sub Saharan countries despite "the low level of Debt to GDP ratio and they haven't borrowed heavily" 2) Spreads usually Widens in the Sovereign Bond Market if the Market perceives the Inherent risks associated with the Particular country or Bloc Zambia and Ghana are prime Examples of this . Zambia has more than $11 Billion in foreign debts and I read that the restructuring process has been complex ( in which I have a very little knowledge regarding it ) 3) Regarding U.S, Michael Pettis said earlier , "In the fifty years characterised by the two world wars, for example, the US ran persistent surpluses as it exported savings. Because Europe and Asia at the time urgently needed foreign savings to help rebuild their war-torn economies, it was the huge US surpluses that put the dollar at the centre of the global trading system during that period." #sovereigndebt #Capitalflows #internationalfinance #debt #africa

Nigeria is not alone in facing a historic foreign exchange crisis. Recent findings highlight similar challenges in Kenya and Egypt, shedding light on broader economic concerns across the continent. From inflation to reduced foreign investment, various factors contribute to currency weakness, impacting businesses and households. As we look into these trends, it is important to explore strategies for resilience and adaptation in a rapidly evolving economic landscape. Has your business been impacted by this exchange crisis? https://lnkd.in/dYwY7hsS #Africa #Economy #CurrencyDevaluation #BusinessInsights 

The International Monetary Fund (IMF) says economic growth in Sub-Saharan Africa (SSA) is projected to rise from 3.4 per cent in 2023 to 3.8 per cent in 2024... #IMF #economicgrowth #SSA #insideAfrica

In addition to inflation and currency depreciation, Nigeria is grappling with record levels of government debt, high unemployment rates, power shortages, and declining oil production, its main source of export income.

Weekend read alert!Check out my article on how Africa is on course to disrupt global economic governance and cement its position as a Rule Maker! https://lnkd.in/dkSbgwds @afrodad

That’s the government debt and not the private sector commercial rating of the country. Multilateral and ECA look at countries as public and private sectors and commercial and political risks.There are countries with high risk however their private segments are not, example Ethiopia is not there and Ethiopia have bad rating to the point that most ECA have it closed for business. Timor Leste ECA have it open for loans to the government and not to private sector. Antigua and Barbuda is vice versa, private sector open for loans but public sector is closed. The fact that their government are highly in debt not necessarily means the country is risky or bad. International business is very complex.

Analysts have raised concerns over Nigeria’s remittances inflow and exports to the United Kingdom, attributing the threats to the recession experienced by the UK in the second half of last year. A recession, defined as two consecutive quarters of economic contraction, has impacted the UK’s economic landscape, posing risks to Nigeria’s foreign exchange liquidity and trade relations with one of its key partners. Tap the link in our bio to read more. #Remittances #TradeRelations #UKEconomy #EconomicImpact #InternationalTrade #GlobalEconomicTrends #RemittanceFlows #NigeriaTrade #EconomicSlowdown #TradePartnership #EconomicDynamics #UKTrade #RemittanceChallenges #EconomicOutlook #TradeThreats #economicrelations