Libya

CBL Targets Digital Finance Resilience by 2026

Libya’s CBL orders ISO 20022 upgrade after a two-day e-payments crash. Project cost LYD 600 m (US $120 m). CL = F ≈ US $81 keeps FX flows stable; yields tighten 50 bps as confidence returns to banks and digital transactions double by 2028.

Liberia

Infrastructure Push Tests Liberia’s Fiscal Limits

Liberia targets port modernisation to revive FDI, balancing risk and fiscal discipline. With Brent ≈ $85 and LD/USD ≈ 190, PPP projects worth $120 m could lift growth to 5% if execution and customs reform hold.

Senegal

$1 Billion Surge Flags Financing Accountability Gap

Senegal’s debt service will jump $1 billion in 2026 after hidden SOE loans surfaced. Eurobond yields rose to 8.7%, CFA ≈ 604/USD. Transparency measures and IMF targets now define fiscal credibility in WAEMU markets.

Algeria

Algeria’s Oil Revenue Builds Fiscal Fortress

Algeria’s SONATRACH revenue hits US $45 bn as CL = F averages US $82 and gas $11.4 /mmbtu. Reserves rise above US $68 bn, bond yields fall 35 bps, inflation 6.7 %. Fiscal surplus 2.1 % of GDP anchors 2026 growth near 3.8 %.

Morocco

Rabat Charts Green Shift for Energy Security

Morocco plans a 2040 coal phase-out requiring US $12 bn finance. MASI.MA up 1.2 %, BRENT ≈ US $81, MAD steady 10/USD. Energy imports –6 % of GDP; shift could save US $2 bn a year and train 20 k workers for renewables growth.

Africa

World Bank Sees Africa’s Growth at 3.8 Percent

Africa’s growth forecast rises to 3.8% in 2025 as inflation eases and commodities hold steady. Debt service remains a drag, but investor flows and MSCI Frontier Africa gains suggest renewed confidence in policy and macro stability.

DR Congo

Copper Giant CMOC Bets on Congo’s Next Phase

CMOC allocates US$1.08 billion to expand its DRC copper operations as global demand rises; copper (CL=F) and gold (XAUUSD) signals underline how critical-minerals supply shapes frontier growth and fiscal stability.

Mali

AFG Bank $177 Million Mining Facility

AFG Bank Mali plans $177 million in credit lines for miners, backed by BCEAO and regional partners. The funding anchors Mali’s formalisation agenda as XAUUSD holds near $2 405 and CL=F trades around $86, supporting exporter liquidity.

Egypt

Remittances Shield Cairo from FX Volatility

Egypt’s remittances hit US $27 billion in eight months, lifting reserves to US $42 billion as DXY stays strong and CL=F above US $81. FX liquidity eases yields 35 bps and anchors the pound near EGP 50/USD amid lower CPI and steady diaspora flows.

Nigeria

Tinubu’s Tax Overhaul Targets Wealth, Spares Retail

Nigeria’s new capital-gains-tax brackets exempt small investors while tightening rules for high-income portfolios. The policy, effective Q1 2026, aims to lift non-oil revenue toward 10 % of GDP as DXY and MSCI Frontier Africa stay steady.

DR Congo

African Banks Pivot Toward DRC’s Mining Boom

Regional banks expand into the DRC, chasing mining-driven liquidity as copper and cobalt output surge; XAUUSD and DXY moves highlight how currency pressure and commodity cycles shape credit growth.

Egypt

Cash Inflows Cushion Cairo’s External Deficit

Egypt’s remittances hit US $27 billion in 8 months, bolstering FX reserves and easing T-bill yields as DXY holds firm and CL=F stays above US $80. The inflow offsets import costs and steadies the pound’s external balance.