Africa's $107 Billion Banking Market Still Runs Through Five Countries
Egypt, Kenya, Morocco, Nigeria and South Africa generated 70 percent of the continent's banking revenue last year, even as African banks posted nearly double the global average return on equity.
Markets
African Smartphone Shipments Fall for the First Time in Three Years as Prices Bite
Sub-$100 devices took the hardest hit, down 34 percent, as rising memory costs and AI-driven supply disruptions push phones further out of reach just as they become essential for participating in the digital economy.
Markets
World Bank Lifts Sub-Saharan Africa Growth Forecast, Flags AI as a Productivity Lever
The region's 2026 growth outlook was upgraded to 4.3 percent and Moody's turned more positive on sovereign credit, even as medium-term inflation forecasts rose and gaps in power, data and skills threaten to cap AI's payoff.
