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Extra resources for African Economic Outlook 2005/2006
After Mozambique, a year later Tanzania joined the still limited, but growing, number of countries seeing the peaceful passage of presidential powers. Egypt held its first-ever multi-party elections, in which the opposition made substantial gains. Incumbent heads of state were easily re-elected in Burkina Faso (80 per cent), Djibouti (100 per cent), Egypt (89 per cent), Gabon (79 per cent), and Togo (60 per cent). In Ethiopia, alleged fraud in May’s parliamentary elections led to popular protests.
In 2006 and 2007 the trade surpluses of most oil-exporting countries in Central Africa are expected to decrease slightly. 3 per cent in 2004. 4 per cent); trade deficits also widened in Djibouti, Ethiopia, Kenya and Uganda. 2 per cent in 2005. 1 per cent in 2004, as a result of rising oil production and prices and of increased diamond production. The trade balance worsened in all other Southern African countries, except in Mozambique, where it marginally improved in 2005, thanks to buoyant aluminium exports.
5 per cent on average in the latter year. The growth prospects of Mauritius and Madagascar continue to be negatively affected by the increased competition from Chinese, Indian and Bangladeshi textile producers and the end of the Multi-Fibre Agreement. Eritrea is projected to hover around its current dismal growth performances of close to zero growth, while in the Seychelles GDP is expected to contract. 6 per cent in 2004 to 5 per cent in 2005, reflecting rapidly increasing output from new oil fields in Angola, Mozambique due especially to a number of megaprojects in the mining sector, and South Africa where growth – at 5 per cent, its highest since the end of Apartheid - has been broad-based and mainly driven by domestic demand.