Africa ETP News
you are currently viewing::Africa's growth holds firm amid global turbulence, says 2026 African Economic OutlookMay 26, 2026-The continent recorded an estimated average GDP growth of 4.4 percent in 2025, with 22 economies posting rates above 5 percent.
Central Africa is expected to see growth rising to 3.8 percent in 2026 from 3.6 percent in 2025, buoyed by sustained high oil prices Africa's economies are projected to grow at 4.2 percent in 2026, moderating slightly from 4.4 percent in 2025, before rebounding to 4.4 percent in 2027. The findings of the 2026 African Economic Outlook, released Tuesday at the African Development Bank Group Annual Meetings in Brazzaville, underscore the continent's continued resilience in the face of geopolitical tensions, tighter global financial conditions, and supply chain disruptions. Source: African Development Bank |
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%.
