The Gulf of Guinea has once again emerged as the number one global piracy hotspot. In 2019, nearly half of all reported incidents worldwide and 90 percent of all piracy-related kidnappings took place in the waters between Angola and Senegal. EXX Africa unpacks the data and the latest trends.
In less than six months, Africa is scheduled to launch the world’s largest free trade area, bringing together an estimated 1.2 billion people from states with a combined GDP of around USD 3 trillion. EXX Africa examines the progress to date in reaching the agreement and the opportunities and challenges associated with launching this milestone.
Two large African economies are forecast to mark a significant improvement in their country risk ratings in 2020, while at least three West African markets will face a severe deterioration in their political risk indicators. EXX Africa identifies key risk trends for the year ahead and shares our selection of potential country risk winners and losers from around the continent for the year ahead.
Same-sex activity is outlawed in over 30 states in Africa with sentences ranging from minor fines, years’ imprisonment, and even death. EXX Africa assesses some of the highest risk locations across the continent for LGBQT+ communities, business travellers, and corporate expatriates.
In 2019, Benin has captured headlines focussed on its trade dispute with Nigeria and a political dispute with the opposition. EXX Africa has conducted a comprehensive review of the political, economic, and security risks facing the country. Based on the findings of this report, EXX Africa considers Benin to be a paradigm for improving country risk in Africa based on the current government’s concrete steps to mitigate the remaining risks and overcome prevalent challenges.
Pressure is mounting on the Nigerian government to lift trade restrictions with Benin and Niger as food prices rise in cities and protests ignite in border regions. The economy’s sluggish growth, accelerating inflation, and weak revenue collection, including from the oil sector that is suffering from a spree of vandalism attacks, pose further risk for the implementation of the 2020 budget and the sustainability of debt servicing.