February 2025 Africa Macro Outlook

Contents

  • Executive Summary 
  • Cameroon
  • Côte d'Ivoire
  • Democratic Republic of Congo (DRC)
  • Egypt
  • Ghana
  • Kenya
  • Morocco
  • Nigeria
  • Senegal
  • South Africa
  • Quarterly Data Tables

Executive summary

  • President Trump's inauguration has heightened global policy uncertainty amid varying growth projections. Global growth is forecasted at 3.3% for both 2025 and 2026, below the historical average of 3.7%. However, Sub-Saharan Africa's growth is expected to strengthen to 4.1% in 2025 and 4.3% in 2026.
  • Political uncertainty, driven by upcoming elections across several countries, adds further complexity to Africa’s economic environment. Notably, presidential and parliamentary elections in Cameroon, presidential and national assembly elections in Côte d’Ivoire, and Senate and House of Representative elections in Egypt. In the Democratic Republic of Congo (DRC), escalating conflicts have heightened security concerns, dampening investor confidence and the business environment.
  • Infrastructure projects in Africa are gaining attention to boost productivity and economic growth. These projects span transport, energy, water, and digital connectivity, aiming to

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Johnson Ahiadorme

Johnson Ahiadorme

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