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After decades of state-led development, Ethiopia is liberalising under Abiy Ahmed. But critics believe the prime minister’s policies may be leaving out its most vulneable.
Africa’s fuel import dependency makes it acutely vulnerable to Hormuzflation. With 29 currencies weakening and food transported almost entirely by road, oil price surges hit hardest in South Africa, Nigeria, Ghana, and Kenya — where inflation and debt collide.
Ethiopia’s government expects its total spending to rise sharply in the next fiscal year, with the Iran war identified as the primary reason for the increase.
Nigeria’s latest GDP figures tell a dual story of growth and a worsening cost of living crisis. While economic output is rising, the living conditions of the average citizen have yet to improve, according to the latest data.
Nigeria’s revenue collection has tripled in nearly three years. The nation’s reserves hit a 13-year high this June. Yet two in three Nigerians live in extreme poverty. The same forces building government wealth seem to be keeping household poor
Ghana’s annual inflation rate rose for the second straight month in May, as rising energy costs linked to the Iran war added fresh pressure on prices in an economy that had been on a strong recovery path.
West African country, Ghana, recorded nearly $8 billion in foreign remittances last year, its Finance Minister announced on Sunday in London.
Zimbabwe’s government has assumed responsibility for more than $10 million in legacy foreign liabilities owed by NMBZ Holdings, a major financial service in the country, to two international development finance institutions.
While global financial centres contend with subdued growth and elevated interest rates, Africa’s capital markets have entered 2026 with notable momentum.
The measures, outlined in a government directive, target what authorities describe as “luxuries and unnecessary” goods, including food items, consumer products and industrial inputs.
Nigerian President Bola Tinubu has sought Senate approval for a $516.3 million foreign loan to develop the Sokoto-Badagry Superhighway, aimed at enhancing trade between Nigeria’s agrarian north and Lagos.
As leaders gather for the Africa We Build Summit in April 2026, the Africa Finance Corporation warns that Africa’s infrastructure crisis stems not from a lack of funding, but from execution failures.
On March 31st 2026, Nigeria announced it would borrow $5 billion from First Abu Dhabi Bank through a financial instrument most people have never heard of: a total return swap.
South Africa’s consumer price index rose to 3.1% year-on-year in March 2026, aligning with forecasts and remaining within the Reserve Bank’s target range. Key drivers included increased housing costs and a slight rise in core inflation.
Oyedele’s appointment marks a rapid elevation, coming just weeks after he was named Minister of State for Finance in an earlier reshuffle.
Uganda’s central bank has made its inaugural purchase of domestically mined gold, launching a three-year pilot program to bolster the country’s foreign reserves.
African currencies have come under pressure as the ongoing Middle East conflict drives up oil prices, disrupts shipping flows, and sends inflationary shocks across the continent.
The IMF’s April 2026 Regional Economic Outlook highlights a stagnation in sub-Saharan Africa’s labor productivity over nearly three decades, contrasting sharply with other regions.
The latest reading marks the highest level since November and extends a reversal of the brief easing seen late last year. Recall that Nigeria’s food inflation dropped to single digits in January for the first time in over a decade.
The IMF’s April 2026 Regional Economic Outlook reveals a divided sub-Saharan Africa: agile reformers like Ethiopia and Uganda are thriving with strong growth, while traditional heavyweights such as South Africa and Angola struggle.
