Zambia IMF deal, Angola leaves OPEC, DRC elections

Zambia’s continued progress with fiscal consolidation is paying dividends. It unlocked the latest tranche of its IMF deal this week and its compliance with the Fund’s targets may help to progress debt restructuring talks. Meanwhile, Angola’s decision to leave OPEC is likely to have limited impact on global oil prices. And the country’s struggles to raise oil output will continue to constrain growth. Finally, the Democratic Republic of Congo’s election has extremely high stakes given the country’s vast mineral wealth as well as concerns about current tensions with Rwanda.