Showing posts with label credit rating. Show all posts
Showing posts with label credit rating. Show all posts

Saturday, March 13, 2021

Ethiopia's Economic Recovery Threatened

 CNBC posted on 12 March 2021 an article titled "Ethiopia's 'Simmering Civil War' Threatens to Erode Economic Recovery Prospects" by Elliott Smith.

A combination of COVID-19 and civil war in Ethiopia have led the IMF to forecast zero percent GDP growth in real terms in 2021.  Moody's placed Ethiopia's B2 credit rating--meaning it's viewed as speculative and high-risk--on review for downgrade.

Wednesday, April 19, 2017

Africa Investment Index

Quantum Global published on 7 April 2017 the "Africa Investment Index" that ranks all 54 countries in Africa.

The five highest ranked countries in order are Botswana, Morocco, Egypt, South Africa, and Zambia. The five lowest ranked countries from worst to better are Somalia, Eritrea, Central African Republic, South Sudan, and Sierra Leone. Other countries in East Africa and the Horn were ranked as follows: Tanzania (8), Uganda (12), Kenya (15), Ethiopia (21), Sudan (25), and Djibouti (31).

Monday, July 4, 2016

China Reassesses Loans to Africa after Venezuela Debacle

Bloomberg published on 29 June 2016 an article titled "Venezuela Mess Prods China to Reassess Africa Lending Spree" by Ting Shi. The threat that Venezuela may default on China's loans is putting pressure on Beijing to reassess how it provides money to commodity-dependent nations in Sub-Saharan Africa where China loaned more than $86 billion between 2000 and 2014.

The China Africa Project run by Eric Olander and Cobus van Staden did a half hour podcast on this subject with Matt Ferchen of the Carnegie-Tsinghua Center in Beijing. Ferchen is an expert on Chinese loans to Venezuela.