What 2022 has in Store for Africa
The digital transformation of African goods, services, and supply chains will continue in 2022 but exchange-rate pressures with increased volatility, credit, and liquidity challenges are a key concern for many governments, suggests Alex Vines in his article for
Chatham House. Elevated commodity prices, a recovery in global trade, and the easing of stringent pandemic measures despite the Omicron variant and low rates of vaccination, signal a trajectory of slow economic recovery. This bodes well for corporate revenue and the share prices of African energy, metals, materials, and food producers. However, sovereign, foreign currency denominated, debt reached a record high of $1 trillion in 2021 and will edge higher in 2022. This will require international partners to find pathways for cancellation, restructuring, and suspension, through the
G20 Common Framework and other initiatives.
https://www.chathamhouse.org/2022/01/what-2022-has-store-africa
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