Afrika Update Report Extended

25 December 2024

1.      Mozambique – Maputo

At least 21 people have been killed in unrest since Mozambique’s top court confirmed the governing party Frelimo’s victory in disputed elections. The dead include at least two police officers, Interior Minister Pascoal Ronda has informed the media yesterday.

2.      Mozambique – South Afrika

South Africa calls on all parties to commit to an urgent dialogue in Mozambique

Following the proclamation final electoral results by the Constitutional Council of Mozambique, South Africa has noted with concern the ongoing violence and the subsequent disruptive protest in reaction to the announcement.

South Africa calls on all parties to commit to an urgent dialogue that will heal the country and set it on a new political and developmental trajectory.

3.      Afrikan super election year in 2024 – reflections and deflections

Across Africa, power struggles involving military governments, coup attempts, and armed conflict are common, but the southern and western Afrikan region has largely been more stable and elections in some countries brought joy and hopes of a better future.

In Southern and Western Africa, where democracy remains relatively stable, elections held in 2024 saw long-governing liberation parties struggling to survive.

 

4.      nternational Monetary Fund (IMF)- Afrikan Indebted Countries in 2024

Top 10 most indebted countries in Africa

African countries are grappling with mounting debts to the International Monetary Fund (IMF), as ten nations emerge as the most indebted in Q4 2024. These debts reflect a dependence on external financing to address fiscal challenges, particularly during economic crises.

Here are the top 10 African countries with the highest IMF debt as of December 2024:

1.      Egypt: Leading with $9.45 billion in IMF credit, Egypt faces ongoing struggles to stabilize its fiscal and economic outlook.

2.      Kenya: At $3.02 billion, Kenya continues reforms aimed at managing debt while fostering growth.

3.      Angola: Owes $2.99 billion, relying on IMF support to counter oil price fluctuations and diversify its economy.

4.      Ghana: With $2.25 billion in debt, Ghana focuses on currency stabilization and economic resilience.

5.      Côte d’Ivoire: Utilizes its $2.19 billion debt to sustain development and infrastructure projects.

6.      Democratic Republic of Congo (DRC): Holds $1.6 billion in debt, essential for managing economic challenges in a resource-rich nation.

7.      Ethiopia: Owes $1.31 billion while balancing reforms and recovery from internal conflicts.

8.      South Africa: At $1.14 billion, South Africa aims for economic recovery and sustainable growth.

9.      Cameroon: With $1.13 billion in debt, Cameroon strengthens its fiscal framework and supports key sectors.

10.    Senegal: Uses its $1.11 billion debt to drive development and economic stability.

 

5.      In our historical archives, it was on this day 25 December 1992 when Helen Beatrice May Fennell Joseph passed away in Gauteng at the age of 87 years.

Afrika Update Report Extended
25 December 2024
1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mozambique &ndash; Maputo
At least 21 people have been killed in unrest since Mozambique&rsquo;s top court confirmed the governing party Frelimo&rsquo;s victory in disputed elections. The dead include at least two police officers, Interior Minister Pascoal Ronda has informed the media yesterday.
2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mozambique &ndash; South Afrika
South Africa calls on all parties to commit to an urgent dialogue in Mozambique
Following the proclamation final electoral results by the Constitutional Council of Mozambique, South Africa has noted with concern the ongoing violence and the subsequent disruptive protest in reaction to the announcement.
South Africa calls on all parties to commit to an urgent dialogue that will heal the country and set it on a new political and developmental trajectory.
3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Afrikan super election year in 2024 &ndash; reflections and deflections
Across Africa, power struggles involving military governments, coup attempts, and armed conflict are common, but the southern and western Afrikan region has largely been more stable and elections in some countries brought joy and hopes of a better future.
In Southern and Western Africa, where democracy remains relatively stable, elections held in 2024 saw long-governing liberation parties struggling to survive.
&nbsp;
4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; nternational Monetary Fund (IMF)- Afrikan Indebted Countries in 2024
Top 10 most indebted countries in Africa
African countries are grappling with mounting debts to the International Monetary Fund (IMF), as ten nations emerge as the most indebted in Q4 2024. These debts reflect a dependence on external financing to address fiscal challenges, particularly during economic crises.
Here are the top 10 African countries with the highest IMF debt as of December 2024:
1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Egypt: Leading with $9.45 billion in IMF credit, Egypt faces ongoing struggles to stabilize its fiscal and economic outlook.
2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kenya: At $3.02 billion, Kenya continues reforms aimed at managing debt while fostering growth.
3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angola: Owes $2.99 billion, relying on IMF support to counter oil price fluctuations and diversify its economy.
4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ghana: With $2.25 billion in debt, Ghana focuses on currency stabilization and economic resilience.
5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; C&ocirc;te d&rsquo;Ivoire: Utilizes its $2.19 billion debt to sustain development and infrastructure projects.
6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Democratic Republic of Congo (DRC): Holds $1.6 billion in debt, essential for managing economic challenges in a resource-rich nation.
7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ethiopia: Owes $1.31 billion while balancing reforms and recovery from internal conflicts.
8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa: At $1.14 billion, South Africa aims for economic recovery and sustainable growth.
9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cameroon: With $1.13 billion in debt, Cameroon strengthens its fiscal framework and supports key sectors.
10.&nbsp;&nbsp;&nbsp; Senegal: Uses its $1.11 billion debt to drive development and economic stability.
&nbsp;
5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In our historical archives, it was on this day 25 December 1992 when Helen Beatrice May Fennell Joseph passed away in Gauteng at the age of 87 years.

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