Economic news and analysis from across Africa.
BUSINESS
Moody’s positive outlook on South Africa signals improved confidence in fiscal discipline, but the country still needs stronger growth to secure a rating upgrade.
AFRICA
Senegal’s appointment of economist Ahmadou Al Aminou Lo as prime minister shifts attention from political drama to debt transparency, IMF confidence and reform credibility.
AFDB
Africa’s development finance debate is shifting from donor flows to domestic capital mobilisation, as AfDB meetings highlight the continent’s annual funding gap.
AFRICA
Egypt wants to build grain storage, trading and processing infrastructure that could serve Africa and the Middle East, but the plan’s food-security value will depend on financing, logistics and implementation.
AFRICA
Twenty-seven countries have moved to secure access to crisis-finance tools from existing World Bank programmes as energy and fertilizer shocks intensify.
BUSINESS
Moody’s has revised South Africa’s sovereign credit outlook from stable to positive while keeping the sovereign rating at Ba2.
ECONOMY
Senegalese President Bassirou Diomaye Faye has dismissed Prime Minister Ousmane Sonko and dissolved the government, raising uncertainty over IMF talks and fiscal reforms.
BUSINESS
S&P has upgraded Nigeria’s sovereign rating, but high debt-service costs continue to limit fiscal space and test the durability of President Tinubu’s reforms.
AFREXIMBANK
Afreximbank reported a 25% rise in Q1 2026 net income to $268.9 million, with credit exposure reaching $42 billion and liquidity remaining above its strategic minimum.
BUSINESS
Ghana’s proposed increase in central-bank gold purchases from large miners is a monetary-policy story as much as a mining story: the country is trying to convert mineral output into stronger reserves and foreign-exchange resilience.