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While the replenishment outcome represents a 23% increase over the previous round, it fell well short of the AfDB’s $25 billion target, highlighting challenges in sustaining concessional funding amid a tougher global climate.
The slowdown in overall inflation in Africa’s most industrialised nation mirrors a larger regional trend seen in other major economies in November including Nigeria and Ghana.
The warning comes weeks before the conflict-affected nation heads into a presidential election scheduled for December 28, with President Faustin-Archange Touadéra seeking a third term in office.
The CBN pointed out that both mortgage lenders were critically undercapitalised and had insufficient assets to cover their liabilities, pointing to a weak solvency position.
With the exception of a brief uptick in March, Nigeria’s inflation has trended downwards through most of 2025, pointing to easing price pressures and early signs of macroeconomic stabilisation.
The gap threatens the latest replenishment of the African Development Fund, the concessional financing arm of the AfDB, as donors gather in London this week for a two-day pledging conference aimed at raising $25 billion.
Equity Group and KCB, the country’s two biggest lenders, on Wednesday announced that all new Kenya-shilling loans issued from December 1 will now be priced using the revised CBR of 9%.
The review marks a notable turnaround for Ethiopia, which only regained access to IMF financing last year after a long suspension triggered by stalled reforms and a conflict that erupted in 2020.
The successful auction comes on the back of fiscal consolidation, improved power supply and early signs of recovery in logistics as authorities push to revive South Africa’s struggling economy.
Before the new tariffs, South Africa’s small exporters typically saw their strongest US demand in the final quarter, driven by Thanksgiving, Black Friday and Christmas shopping.
Despite the scale of interventions, reserves climbed from $9.1 billion at the end of 2024 to $11.4 billion by October 2025, aided by a historic gold rally
Officials said state revenue reached $4.4 billion in September, reflecting 105% of the full year target amid stronger tax collection.
The latest PMI survey highlighted a broad-based upturn across the economy, with all five monitored sub-sectors reporting higher new orders.
In November, input prices fell for the first time in three months, driven by a marginal drop in purchasing costs and reflecting a broader economic trend.
Despite the moderation, the quarterly rise marks the fourth consecutive quarter of growth, the longest streak since 2021 when South Africa was emerging from the economic fallout of Covid-19.
The NBE says the planned FX sale reflects ongoing efforts to to stabilise the local currency and support price and external stability.
The move comes weeks after the Bank of Ghana (BoG) urged more lenders to list on the Ghana Stock Exchange (GSE) to deepen liquidity and attract long-term investment.
The Arab nation’s latest GDP figures stand well above the 3.5% growth recorded in the same period of last year and marks the fastest quarterly pace since Q1 2022.
The funding will allow the lender to issue more letters of credit, guarantees, and collections, helping clients navigate Ethiopia’s foreign-currency-constrained market.
Nigeria’s pause echoes the Bank of Uganda’s decision earlier this month to keep its key lending rate unchanged at 9.75% for the fifth consecutive policy meeting, despite inflation falling to a seven-month low in October.