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The latest PMI survey highlighted a broad-based upturn across the economy, with all five monitored sub-sectors reporting higher new orders.
South Africa was the only country to remain in contraction, with a PMI of 49, underscoring the economy’s continued divergence from an otherwise strengthening regional trend.
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.
When Nigeria ratified the African Continental Free Trade Area (AfCFTA) in 2020, it was sold as a once-in-a-generation opportunity, a chance to plug Africa’s largest economy into a single market of 1.3 billion people…
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 latest GDP figures arrive as Nigeria faces growing US pressure to tackle its security crisis, which continues to disrupt key sectors, including agriculture.
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 long-awaited upgrade reflects marked progress in restructuring Zambia’s external debt, and a strengthening economic backdrop, driven largely by a rebound in copper production.
Nigeria’s headline inflation rate fell for the seventh consecutive month in October 2025, dropping to 16.05%, according to the Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS).
The surge comes amid mounting economic pressures and social instability, challenging the country’s long-standing reputation as one of Africa’s most peaceful and stable economies.
Data released Monday by the country’s statistics agency, CAPMAS, showed that inflation climbed to 12.5% in October 2025 from 11.7% in September — marking the first acceleration since May.
While the IMF acknowledges that currency swaps can ease short-term fiscal pressure, it warned that such arrangements can expose countries to new forms of volatility.
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.
The upgrade reflects Uganda’s stronger growth momentum relative to peers and expectations that major oil developments will begin to come onstream by late 2026.
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.
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.
Nigeria’s latest Eurobond issuance could keep the country’s external debt-to-total debt ratio slightly above the Debt Management Office (DMO) threshold of 45% by year-end, according to analysts at CSL Research.
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.
The 160-basis-point increase from 1.9% in August marks a shift in the Bank of Botswana’s monetary stance after more than two years of steady easing.
Nigeria’s subnationals are learning to earn, not just receive. They’re digitising taxes, reforming budgets, and using infrastructure policy to build fiscal resilience beyond Federal allocations.