Hard currency availability and debt sustainability in Ethiopia, Kenya, Nigeria, Tanzania and Zambia
Since the drop of commodity prices in 2014-16, foreign exchange (FX) availability has become a critical challenge for some of sub-Saharan Africa’s largest economies. Sovereign debt has also risen sharply across the region, raising the prospect of greater pressure on FX availability and currency devaluations.
Across the markets, a sense of opportunity still pervades among local businesses and investors; yet little is known about how they are adapting in order to succeed in this challenging environment.
Commissioned by CDC Group, “Hard currency availability and debt sustainability in Ethiopia, Kenya, Nigeria, Tanzania and Zambia” takes a close look at recent economic trends in five of sub-Saharan Africa’s economies.
Based on an extensive interview programme with local investors and executives, the report sheds light on the ways in which businesses and investors are affected by FX shortages and rising indebtedness, and the approaches they are taking to tackle these challenges.
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