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African economy

A brightly lit, modern exhibition stall for Uganda at the 138th Canton Fair. The stall features the national flag and the "Explore Uganda" branding, alongside large posters of gorillas and elephants. A diverse crowd of business professionals and visitors are gathered around the counters, discussing trade opportunities in agriculture, coffee, and tourism.

Geopolitics hastens China’s Hunan-led shift in Africa trade and investment

Beijing’s Hunan-based Africa strategy gains urgency amid US-China tensions and Middle East disruptions to trade and energy flows
A female worker at a garments factory

China’s Africa tariff reset: who wins, who loses

China grants zero tariffs to nearly all of Africa, but the gains are likely to flow to its more developed economies
Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field. Stock photo.

Uganda faces higher fuel costs as US-Iran war roils oil markets

Uganda faces dearer fuel imports and currency pressure as the US-Iran war pushes oil prices higher, but first oil in H2 2026 offers a longer-term upside
View of Joburg inner city from Gandhi Square, Johannesburg, Gauteng, South Africa

The G20 must end the cost-of-capital penalty imposed on Africa

Africa's cost of capital crisis is not rooted in economics alone, but is perpetuated by perception and precedent, as well as the structural inertia of a global financial system that systematically overprices African risk
President Cyril Ramaphosa leads South African delegation to virtual G20 Leaders' Summit in November 2020

Africa’s debt crisis demands more than G20 declarations

African nations are trapped: spending more on debt servicing than on health or education, whilst climate shocks compound their struggles. South Africa's G20 tenure has highlighted the crisis, but substantive solutions remain elusive
An outdoor discussion, with two female panellists seated in the chair, and other female holding a microphone and standing, as well as an audience

IMF upgrades sub‑Saharan Africa forecast as reforms blunt external shocks

The IMF has raised its growth forecast for sub-Saharan Africa, crediting improved macroeconomic management in several large economies and resilience amid external pressures
Various currency notes of African countries are seen in this photo

Stronger currencies ease inflation pressures across sub-Saharan Africa

Strong currencies have helped curb inflation in several sub-Saharan African countries, giving central banks room to ease interest rates and stimulate business activity
A golden bust of Donald Trump, with his eyes closed, faces a globe.

What are the chances that African countries adopt a unified stance against Trump’s tariff assault?

Although some analysts and trade experts have called for a unified African response to Trump’s tariff assault, there has so far been no sign of one, either from the African Union or elsewhere
Four men working in an open-pit mine in the Democratic Republic of Congo

Why bartering Africa’s minerals for security is a bad idea

A US-brokered peace deal between the DRC and Rwanda binds the two nations in a worrying arrangement: one where a country signs away its mineral resources to a superpower in return for vague promises of security

More African economy

21 July 2025

Trump’s Africa summit: offshoring the US’s immigration problem?

Last week, US President Donald Trump hosted a mini-summit with five African leaders at the White House, which was surprising given his stance towards the continent

President Donald Trump speaks with President Brice Clotaire Oligui Nguema of Gabon in the Oval Office, Wednesday, July 9, 2025, before a multilateral luncheon with African leaders
21 July 2025

Open borders in East Africa: great strides, but still a long way to go

Compared to the rest of Africa, East Africa has made greater strides towards facilitating the free movement of people across borders in search of work

People crossing the border from the Democratic Republic of the Congo into Bunagana, in the south-west of Uganda.
15 July 2025

Four things every peace treaty needs, and how the DRC–Rwanda deal measures up

One agreement is rarely enough to resolve a complex conflict; deals are often part of a series, sometimes between different actors. They often refer to previously concluded ones, and will be referred to by subsequent ones

Four officers from a joint police force comprising elements of the United Nations Police and the Congolese National Police, armed with guns and batons, patrol a busy area of Goma, a city in the North Kivu province of the Democratic Republic of the Congo, in December 2011.
11 July 2025

Critical minerals

Critical minerals and technology dependency: key G20 issues for Africa

Thirty percent of the world’s critical minerals come from Africa, and their access is a priority for South Africa’s government during its G20 presidency this year

Landscape photograph of a brown mountain
26 June 2025

African finance ministers shouldn’t be getting involved in bond deals – that’s what the experts are for!

Recent developments show that most eurobonds owned by African countries have not been structured properly. As a result, African countries are paying way over the odds relative to their sovereign risks

Seedlings growing on coins, in soil medium
12 June 2025

China offers zero-tariff access to African nations

China’s President Xi Jinping has pledged to extend zero-tariff treatment to Uganda and 52 other African nations, in a move aimed at boosting Sino-African trade

Ministerial meeting of coordinators on the implementation of follow up actions of the forum on china africa cooperation
7 June 2025

African countries are not good at issuing bonds, which means the cost of debt is higher than it should be. What changes are required?

African countries face a puzzling paradox: although they are paying more for the debt they are raising, demand for these bonds is much higher than supply - often oversubscribed by over five times.

Various currency notes of African countries are seen in this photo
29 May 2025

Is the war in Sudan the cause of the economic crisis in South Sudan? What is really going on with oil revenue?

South Sudan’s ability to attract new loans depends on the repayment of existing ones. These repayments largely depend on oil production. As the 2024-24 budget shows, South Sudan desperately needs new loans to keep even core state functions operational

Sudan's largest and important port, filled with shipping containers
10 September 2024

Credit rating agencies and Africa: lack of people on the ground fuels bias against continent

The big three rating agencies have a thin presence in Africa, raising questions about analysts' workloads and the accuracy of their ratings — not to mention a bias towards their home regions

The headquarters of Fitch Ratings in the financial district of lower Manhattan, New York
4 September 2024

What’s driving Africa’s youth-led protests?

While many of the protesters' demands are unlikely to be met, the demonstrations underline the urgent need for fundamental reform, not just in Kenya or Nigeria, but across Africa

Two men hold placards at a demonstration in Washington D.C. in June 2024. They were part of a demonstration by Kenyans living in the United States in solidarity with mass protests then taking place back home.