The Stears Weekly Macroeconomic Report highlights the macroeconomic trends and policy shifts shaping the African investment landscape, helping you make informed decisions in dynamic markets.
Highlights for the week
- Gabon: Gabon successfully raised XAF106.5 billion ($190.5 million) through an oversubscribed sovereign bond issuance in December 2025, more than doubling its initial target of XAF50 billion ($89.4 million) as regional investors, particularly from Cameroon and Gabon, drove demand. The multi-tranche bond included a two-year segment yielding 5.60% and a three-year tranche at 6%, with proceeds earmarked for priority infrastructure, healthcare, education and housing projects.
- Rwanda: Rwanda’s economy expanded by 11.8% year on year in Q3 2025, its fastest pace since late 2023, accelerating from 7.8% in the previous quarter. Growth was broad-based, led by the services sector, which grew by 10% and contributed more than half of total expansion, supported by sharp increases in wholesale and retail trade, transport, information and communication, and financial services.
