What another Trump presidency means for Africa

Another Trump presidency means that African nations will have to navigate tighter monetary policy than from a counterfactual Harris presidency, an economist says.

- Ina Opperman

Jacques Nel, head for Africa Macro at Oxford Economics Africa, said a stronger dollar due to higher US yields will also increase fiscal and external balance pressures.

"The impact of lower oil prices on the continent will be a mixed bag, while a weaker Chinese economy will have both pros and cons. African leaders will have to contend with a lot more confrontational and transactional engagements with the US," he said.

Nel said the US Republican party had much to celebrate.

"It was a fantastic day at the polls for the party and their candidate, Donald Trump, will return to the White House," he said.