Section
Macro & Economy
GDP, inflation, central bank decisions, sovereign debt, and what the World Bank and IMF are publishing about African economies.
Articles
Nigeria Foreign Loans: Tinubu Asks the Senate for $20.52 Billion and €1.05 Billion, With No Project List Attached
Nigeria foreign loans request: Tinubu wants Senate approval for $20.52bn and €1.05bn for 2026–2027. What the letter says, what it leaves out, and what's next.
Bank of Industry Lending Target: BOI Wants N1.85 Trillion a Year by 2027, Three Times What It Lent in 2025
Bank of Industry lending is set to rise to N1.85 trillion a year by 2027, from N625 billion in 2025, MD Olasupo Olusi says. The targets, the funding and the risks.
Nigeria Private Sector Credit Falls N537.6bn in September Despite the CBN's Biggest Rate Cut Since 2006
Nigeria's private sector credit fell N537.6bn to N83.93trn in September, even after the CBN's 350bp rate cut. What is holding back bank lending in Nigeria.
Nigeria Money Supply Jumps N7.5 Trillion in September to N146.6 Trillion
Nigeria money supply rose 5.4% in September to N146.6 trillion after a flat August, CBN data show. What drove the jump and what it could mean for inflation.
South Africa Inflation Rises to 4.5% as Transport Costs Jump 10.8%
South Africa inflation rose to 4.5% in September from 4.4%, driven by a 10.8% jump in transport costs, keeping prices well above the SARB's 3% target.
Kano cuts 2026 budget by N276 billion, cites FAAC revenue shortfall
Kano State has cut its 2026 budget by about N276 billion after FAAC receipts fell short. Here is what the numbers show, what happens to capital projects, and what to check in the revised budget.
South Africa MTBPS Preview: A R50bn–R70bn Tax Windfall Meets Weak Growth
South Africa MTBPS preview: economists see a R50bn to R70bn tax windfall from gold and mining, but weak growth and oil costs put spending under pressure.
Kenya GDP Growth Holds at 5.1% in Q2 2026 Despite $104 Oil
Kenya GDP growth reached 5.1% in Q2 2026, up from 4.9% a year earlier, as electricity, hotels and ICT outpaced farming. What it means for rates and the shilling.
Nigeria Debt Interest Hits 124% of Revenue as Finance Ministry Disputes World Bank
Nigeria debt interest reached N7.7trn in H1 2026, 124% of federal revenue, says the World Bank. The Finance Ministry says the comparison misleads.
Nigeria Inflation Falls to 14.63%, Its Lowest Since 2025, but Living Costs Still Bite
Nigeria inflation eased to 14.63% in September, the lowest since 2025, yet food inflation stayed near 19.6% and households say prices are still too high.
The fiat-to-crypto pipeline: How public funds bypass Nigeria’s financial safeguards
Public funds are allegedly moving through banks, fintechs and private firms into crypto wallets. Here is what the EFCC has said, what is still unknown, and where Nigeria's safeguards are weakest.
World Bank raises Sub-Saharan Africa's 2026 growth forecast to 4.3%
The World Bank now expects Sub-Saharan Africa to grow 4.3% in 2026, with upgrades for Nigeria, Angola, Ethiopia and Zambia. But inflation is rising and debt costs still bite.