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Inside Africa
Fitch Ratings has affirmed Namibia’s Long-Term Issuer Default Ratings (IDRs)at ‘BB-’ with a Stable Outlook. Namibia’s ratings are supported by strong governance indicators and an institutional framework relative to rating peers.
The South African Rand traded steady against Western currencies, the US dollar, the euro, and the British pound on Monday as gold rebounded amid uncertainty in the global commodity market.
King Letsie III of Lesotho said that nearly 60 per cent of the world’s chronically undernourished population by 2030 could be living in Africa.
Namibia’s growth is projected to remain relatively unchanged in 2026, on the back of weak diamond demand and the expectation that debt will surge.
Africa’s growth story over the past two decades is real, but it is not yet transformative. Across the continent, GDP has risen on the back of more workers, more capital and a commodity super-cycle, rather than through genuine gains in productivity and innovation.
Fitch Affirms Tanzania at ‘B+’ with Stable Outlook Fitch Ratings has affirmed Tanzania’s Long-Term Foreign-Currency…
Ghana Ratings Affirmed At ‘B-/B’; Outlook Remains Stable -S&P S&P Global Ratings has affirmed its…
African sovereign borrowers are poised to benefit from a weaker U.S. dollar, which alleviates imported inflation and lessens the local-currency burden of external debt, according to a non-rating commentary note from S&P.
Guinea-Bissau unlocked access to additional loans from the International Monetary Fund (IMF) Executive Board following the completion of the Ninth and Tenth Reviews under the Extended Credit Facility (ECF) arrangement.