Archive for April 2021
Mozambique: Where next for the Cabo Delgado insurgency?
On 24 March, the Mozambican town of Palma – a formerly sleepy fishing harbour that has recently become the epicentre of the country’s nascent Liquefied Natural Gas (LNG) industry – came under attack by Islamist-linked insurgents known locally as al-Shabaab. The attack and subsequent occupation of Palma, and the bungled response of Mozambican security forces,…
Read MoreMozambique’s insurgency raises risk of government debt default
The receding chances of onshore liquid natural gas (LNG) production starting on time in northern Mozambique will leave a hole in public finances and increase the danger of a debt default. The seizure of the town of Palma in Mozambique’s northern Cabo Delgado province by Islamist militants in March burst a bubble of complacency surrounding…
Read MoreCongo names new Cabinet, cementing president’s power over predecessor
Democratic Republic of Congo’s Prime Minister announced a new Cabinet on Monday, completing a government overhaul by President Felix Tshisekedi that strengthens his hold on power.
Read MoreBouncing Back: Ghana confounds sceptics by raising $3bn in eurobond sale
Ghana proved it can still access international debt markets by raising $3bn in late March. The government aims to borrow a total $5bn from markets this year, but the fact that the government’s interest costs are close to 50% of its revenue has led to analyst scepticism it can reach the target.
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