Information about economy in Africa

Country Ratings: Africa

World Economy

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Up-to-the-minute, worldwide country risk analyses are produced by the internal Country Risk Unit of the Euler Hermes Group. These country specialists monitor political and economic developments across the globe on an ongoing basis. You can read their reports here at any time and with up-to-date assessments.

Here you can find up-to-the-minute information on countries in Africa. You can download PDF files on the countries concerned.

N.B.: The country rating is an evaluation of the risk of payment default for short-term business in a specific country due to political and/or economic factors.
Country ratings are subject to modification. The ratings always refer to the date given in connection with the country concerned.

Algeria

as per 7/2010


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.

Please note that the Algerian government adopted a complementary financial law on July 2009 which includes the establishment of documentary credits as the sole mean to pay imports.


Brief information dated 21 July 2010

Detailed information dated 23 October 2009

Angola

as per 1/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 27 January 2010

Ascension (UK)

as per 4/2009


Euler Hermes Rating: A

Economic structure and policy framework generally adequate. Very low risk of external liquidity crisis. Generally sound business environment. Negligible risk of political instability. Good capacity to respond to economic crisis.



Benin

as per 4/2009


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.



Botswana

as per 2/2010


Euler Hermes Rating: B

A range of structural and policy weaknesses and/or vulnerable external liquidity position, some weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and limited capacity to respond to economic crisis.


Brief information dated 10 February 2010

Bouvet Island (N)

as per 4/2009


Euler Hermes Rating: A

Economic structure and policy framework generally adequate. Very low risk of external liquidity crisis. Generally sound business environment. Negligible risk of political instability. Good capacity to respond to economic crisis.



Burkina Faso

as per 4/2009


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.



Burundi

as per 3/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 3 March 2010

Detailed information dated 14 August 2009

Cameroon

as per 8/2009


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.


Brief information dated 12 August 2009

Detailed information dated 31 July 2009

Cap Verde

as per 4/2009


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.



Central African Republic

as per 4/2009


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.



Chad

as per 4/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 29 April 2010

Detailed information dated 4 January 2010

Comoros

as per 4/2009


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.



Congo, Democratic Republic

as per 3/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 10 March 2010

Detailed information dated 1 March 2010

Congo, Republic

as per 10/2009


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 28 October 2009

Detailed information dated 16 October 2009

Cote d'Ivoire

as per 2/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 24 February 2010

Djibouti

as per 3/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 4 February 2010

Detailed information dated 1 March 2010

Egypt

as per 6/2010


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.


Brief information dated 24 June 2010

Detailed information dated 31 July 2009

Equatorial Guinea

as per 5/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 19 May 2010

Detailed information dated 5 June 2009

Eritrea

as per 8/2009


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Detailed information dated 21 August 2009

Ethiopia

as per 5/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 26 May 2010

Detailed information dated 21 August 2009

Gabon

as per 3/2010


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.


Brief information dated 24 March 2010

Detailed information dated 1 March 2010

Gambia

as per 4/2009


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.

Ghana

as per 10/2009


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.


Brief information dated 7 October 2009

Guinea

as per 2/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 4 February 2010

Guinea-Bissau

as per 4/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 21 April 2010

Detailed information dated 19 February 2010

Kenya

as per 2/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 17 February 2010

Detailed information dated 26 February 2010

Lesotho

as per 11/2009


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.


Brief information dated 25 November 2009

Detailed information dated 16 October 2009

Liberia

as per 9/2009


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 23 September 2009

Detailed information dated 21 August 2009

Libya

as per 6/2009


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.


Brief information dated 13 May 2009

Detailed information dated 5 June 2009

Madagascar

as per 6/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 9 June 2010

Malawi

as per 12/2009


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 9 December 2009

Detailed information dated 2 December 2009

Mali

as per 4/2009


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.



Mauritania

as per 7/2009


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 22 July 2009

Detailed information dated 31 July 2009

Mauritius

as per 5/2010


Euler Hermes Rating: BB

Some signs of structural and policy weaknesses. External liquidity adequate, some weaknesses in business environment and/or significant, though moderate, risk of political instability and adequate capacity to respond to economic crisis.


Brief information dated 5 May 2010

Mayotte (F)

as per 4/2009


Euler Hermes Rating: A

Economic structure and policy framework generally adequate. Very low risk of external liquidity crisis. Generally sound business environment. Negligible risk of political instability. Good capacity to respond to economic crisis.



Morocco

as per 6/2010


Euler Hermes Rating: B

A range of structural and policy weaknesses and/or vulnerable external liquidity position, some weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and limited capacity to respond to economic crisis.


Brief information dated 16 June 2010

Detailed information dated 12 June 2009

Mozambique

as per 11/2009


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.


Brief information dated 4 November 2009

Detailed information dated 5 June 2009

Namibia

as per 12/2009


Euler Hermes Rating: B

A range of structural and policy weaknesses and/or vulnerable external liquidity position, some weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and limited capacity to respond to economic crisis.


Brief information dated 2 December 2009

Detailed information dated 11 September 2009

Niger

as per 4/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 14 April 2010

Detailed information dated 12 April 2010

Nigeria

as per 5/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 12 May 2010

Reunion (F)

as per 4/2009


Euler Hermes Rating: AA

Strong economic structure and policy framework (industrialised economy or similar). Negligible risk of external liquidity crisis. Generally sound business environment. Negligible risk of political instability. Strong capacity to respond to economic crisis.



Rwanda

as per 9/2009


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 9 September 2009

Sao Tomé and Príncipe

as per 4/2009


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.



Senegal

as per 2/2010


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.


Brief information dated 24 February 2010

Detailed information dated 1 February 2010

Seychelles

as per 6/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Detailed information dated 4 June 2010

Sierra Leone

as per 9/2009


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 23 September 2009

Somalia

as per 4/2009


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.

South Africa

as per 7/2010


Euler Hermes Rating: BB

Some signs of structural and policy weaknesses. External liquidity adequate, some weaknesses in business environment and/or significant, though moderate, risk of political instability and adequate capacity to respond to economic crisis.


Brief information dated 15 July 2010

Detailed information dated 2 December 2009

St. Helena (UK)

as per 4/2009


Euler Hermes Rating: A

Economic structure and policy framework generally adequate. Very low risk of external liquidity crisis. Generally sound business environment. Negligible risk of political instability. Good capacity to respond to economic crisis.



Sudan

as per 4/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 29 April 2010

Swaziland

as per 4/2009


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.



Tanzania

as per 3/2010


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.


Brief information dated 20 January 2010

Detailed information dated 1 March 2010

Togo

as per 3/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 17 March 2010

Detailed information dated 5 June 2009

Tunisia

as per 7/2010


Euler Hermes Rating: BB

Some signs of structural and policy weaknesses. External liquidity adequate, some weaknesses in business environment and/or significant, though moderate, risk of political instability and adequate capacity to respond to economic crisis.


Brief information dated 28 July 2010

Uganda

as per 11/2009


Euler Hermes Rating: C

Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.


Brief information dated 11 November 2009

Detailed information dated 4 October 2009

Western Sahara

as per 4/2009


Euler Hermes Rating: B

Economic structure and policy framework generally adequate. Very low risk of external liquidity crisis. Generally sound business environment. Negligible risk of political instability. Good capacity to respond to economic crisis.



Zambia

as per 10/2009


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 14 October 2009

Zimbabwe

as per 2/2010


Euler Hermes Rating: D

Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.


Brief information dated 10 February 2010

Detailed information dated 20 October 2009

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