Africa ETP News
you are currently viewing::IMF: Africa to become world leader in economic growth in 2026January 4, 2026--Most of the fastest-growing economies, with gross domestic product growth rates exceeding 6%, will be on the African continent in 2026, according to Africanews, citing data from the International Monetary Fund (IMF). Growth rates in countries such as Rwanda, Uganda, and Ethiopia will exceed 7%, while South Sudan and Guinea will achieve double-digit GDP growth due to a boom in oil and mineral production. At the same time, according to IMF experts, Africa should pay attention to the impact of negative factors such as the effects of global warming, political instability, and high external debt. Source: independent.co.ug |
South African rand strengthens after surprise GDP growth data
June 9, 2026- The rand strengthened on Tuesday after South Africa's economy expanded more than expected in the first quarter of 2026, though the impact of the Iran war was likely to be reflected in the next release.
At 1415 GMT, the rand traded at 16.4325 against the U.S. dollar, up about 0.6%.
