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The decline marks a rare relief in South Africa’s prolonged unemployment crisis, which has persisted above 30% since the COVID-19 pandemic in 2020.
Business activity across major African economies showed mixed performance in October, with Nigeria recording the strongest expansion while South Africa and Egypt slipped deeper into contraction, according to S&P Global Purchasing Managers’ Index (PMI) data.
African stock markets regained momentum in the third quarter of 2025, with Nigeria, Kenya, and Morocco among the strongest performers.
Kenya’s private sector activity rose to a six-month high in October 2025, driven by new product launches and increased use of discounts and promotional pricing as firms sought to stimulate demand in a gradually recovering economy.
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Other highlights
Optasia has become Africa’s first publicly listed fintech, debuting on the Johannesburg Stock Exchange in 2025 and marking a new phase for homegrown digital finance.
A new fintech passport between Ghana and Rwanda lets startups expand across both markets without relicensing — a real test of Africa’s push for borderless finance.
BUA Cement’s after-tax profit surged by 640.8% year-on-year in Q3 2025 — the highest growth among the top three cement makers. Dangote Cement followed with 149.8%, while Lafarge Africa posted 144.1%.
This comes at a time when President Bola Tinubu has introduced sweeping reforms since assuming office in May 2023 to boost investor confidence in Nigeria and achieve his $1trn GDP target by 2030.
