It would be easy to say minerals have taken a hammering, but some are proving to be bullet-proof.
Zambia sits tight over gaping budget hole, but admits all options on the table—even the 'dreaded' IMF
‘There will be no question of any embarrassment whatsoever. It’s not a taboo to go to the IMF’, says finance minister as country on the ropes.
Sometimes it is your trusty friend who throws you under the bus.
The difficulty in Africa is that many governments are over-reliant on the sector as a source of export and government revenue.