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Moody’s has upgraded Ghana’s sovereign credit outlook to “positive” from “stable,” affirming its long-term rating at Caa1. This change reflects significant financial improvements after a recent economic crisis.
The World Bank has revised its economic growth forecast for Sub-Saharan Africa to 4.1% for 2026, reflecting a slowdown due to external shocks, notably the US-Iran conflict disrupting energy markets.
East Africa is set to anchor the continent’s economic expansion in 2026, outpacing every other region as investment flows and a fast-growing services sector accelerate momentum across the bloc.
While business conditions deteriorated sharply in some of the continent’s largest economies in March, others managed to sustain momentum despite mounting external pressures.
While the rebound is encouraging, the combination of falling new orders, plunging exports, and record-low business optimism highlights the economy’s exposure to geopolitical events.
For the first time since the survey began, firms turned pessimistic about the year ahead, with expectations for future activity slipping into negative territory, marking the most striking shift recorded in March.
South Africa’s Revenue Service (SARS) achieved a historic milestone by collecting $119.73 billion (R2.01 trillion) in net revenue for the fiscal year ending March 31, 2026, marking an 8.4% increase from the previous year.
Ghana’s inflation rate fell to 3.2 percent in March 2026, marking a significant 15-month decline from a crisis peak of 54.1 percent in December 2022. This improvement is attributed to a stronger cedi, eased food prices, and the Bank of Ghana’s tight monetary policy.
Nigeria’s National Assembly has approved a $49.38 billion budget for 2026, a 17% increase from President Tinubu’s original proposal, aimed at addressing capital projects and fiscal stability.
Kenya’s annual consumer price inflation rose to 4.4% in March 2026, up from 4.3% in February, driven primarily by food inflation and rising costs in transport and housing.
In 2023, Ghana’s economy was in distress. The Ghanaian cedi had lost much of its value, inflation was running hot, and a sovereign debt crisis had forced the government into restructuring. For investors, the story was simple: stay away.
Credit ratings agency SP Global Ratings has downgraded Senegal’s local currency sovereign rating to CCC+/C, signaling increased refinancing risks as the country struggles with a debt overhang of $13 billion and stalled IMF negotiations.
Nigeria saw a remarkable resurgence in investor confidence in 2025, with net capital inflows soaring nearly 90% to $23.22 billion, driven largely by foreign portfolio investments. While high-yielding local bonds attracted significant interest..
Uganda’s economy experienced its fastest growth in over three years, with real GDP rising 8.5% year-on-year in Q4 2025, driven by strong consumer demand and a construction boom.
Iran’s closure of the Strait of Hormuz has drastically impacted global fertiliser trade, cutting off one-third of supplies and causing urea prices to surge over 30%. This disruption threatens food security, especially in sub-Saharan Africa…
New data shows petrol prices in Nigeria have jumped 39.5% since February 23, placing the country among the hardest hit globally by the latest geopolitical crisis.
The IMF report comes after Africa’s industrialised nation recorded its fifth consecutive quarter of expansion, with gross domestic product rising 0.4% in Q4 2025 pushing annual growth to 1.1% — the highest since 2022.
South Africa’s National Treasury warns of limited capacity to shield the economy from a looming fuel price crisis due to escalating Brent crude oil prices. With the potential for record fuel price hikes and rising inflation, local businesses may pass costs to consumers.
Analysts say the inflation figures largely predate the escalation of conflict in the Middle East, which has triggered a sharp surge in global oil prices and dashed hopes of a rate cut as policymakers meet next week.
Burundi is gaining investor interest with its agreements to explore the Musongati nickel project, a significant resource in East Africa. While the deal with Lifezone Metals and KoBold Metals promises potential economic benefits amid rising global nickel demand.
