Zambia debt, SA data and stimulus, election challenges

Analysis from the IMF this week suggests that, even with debt relief in the pipeline, putting Zambia’s public debt on a sustainable footing will be a tall order. Meanwhile, data this week have raised fears that the recent weakness in South Africa’s economy will linger, prompting talk of a fiscal stimulus package. But it looks like the SARB will stay the course with interest rate hikes. Finally, the dismissals of challenges to election results in Kenya and Angola were welcomed by investors, but governments in both countries face significant economic challenges.

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