The president-elect has pledged to small loans and subsidies to Kenya’s army of casual workers, publish government contracts with China, and broaden the tax base to pay off debts.
As Ghana’s fiscal and debt vulnerabilities worsen amid a difficult external environment, a deal with the IMF is likely to improve investors’ confidence.
Africa will have to learn to deal with major changes in the global economy, but it will not be straightforward, says the former executive secretary of UNECA.