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Kenya’s private sector stayed in expansion mode in February, with the Stanbic Bank PMI at 50.4 above the 50 neutral line despite a slight slowdown. Services, construction and retail led gains, while inflation cooled to 4.3%.
Nigeria rebounded strongly after a January dip ended its 13-month expansion streak, supported by higher new orders, improved affordability, and currency stability. Yet Uganda remained the continent’s top performer.
With confidence at a multi-year low and order books thinning, the durability of South Africa’s fragile stabilisation may hinge on a sustained recovery in domestic demand and supportive macroeconomic conditions.
S&P said all five sub-components of the index signalled weaker operating conditions compared with January, as firms grappled with softening demand and intensifying price pressures.
Currency swings are quietly eroding insurers’ profits across Africa, as FX losses and rising claims costs turn strong premium growth into weaker bottom lines.
Egypt’s net foreign assets (NFA) climbed to an unprecedented $29.54 billion in January, marking a $4.02 billion increase from the previous month
Except for January’s dip, operating conditions have strengthened consistently since December 2024, pointing to sustained business momentum.
The escalating U.S.-Israel-Iran conflict has placed the Strait of Hormuz, the chokepoint for roughly 20% of global seaborne crude and significant LNG volumes at the heart of energy market volatility.
Uganda aims to buy 100 kg of Gold between March and June 2026 to boost reserves and cushion the economy against risks from ongoing Tehran Airstrikes.
Zimbabwe has terminated negotiations on a proposed $367 million five-year bilateral health agreement with the United States, citing concerns over mandatory sharing of sensitive epidemiological and biological data.
After the fourth review of Burkina Faso’s Extended Credit Facility (ECF) Arrangement, IMF made a disbursement of about US$33 million. Approved (RSF) arrangement of about US$124.3 million.
Why carbon markets are emerging as a tool not just for emissions reduction, but for supporting jobs, infrastructure, and community development across Africa
Ghana announced the successful distribution of $ 909 million interest payment to DDEP bond holders. The move is expected to renew investor confidence in Ghana’s fiscal capacity as the country prepares to re-enter the domestic bond market.
Although South African consumers saw a slight reprieve in January as the annual inflation rate edged down to 3.5%, Inflation has slowed less than expected leading to speculation among traders that the Central Bank might not resume interest rate cutting by March 2026.
Senegal secures funding to repay $485m Eurobond dues, sparking a bond rally but raising concerns over rising short-term borrowing risks.
The updated demographic data places GDP per capita at about $1,207 in 2023 and roughly $1,281 in 2024. In 2025, sustained economic growth, estimated at 6%, and a gradual easing in population growth pushed the indicator beyond $1,300.
The marginal 0.05-percentage-point decline reflects a continued trend of disinflation and widens the scope for a rate cut decision when policymakers meet next week.
In a statement issued last Friday, the Washington-based lender said the package will fund an initial response plan aimed at supporting around 40,000 households affected by Cyclones Fytia and Gezani. Sector-specific measures are also underway.
African governments are borrowing to drive growth, but rising debt costs and weak revenues are forcing tougher fiscal rules and sharper trade-offs between stability and development.
The new agreement adds to growing financial backing from multilateral lenders as Ethiopia pushes ahead with reforms under a programme backed by the International Monetary Fund.