LAST WEEK IN AFRICA: Nigeria’s Inflation Eases, Angola’s Growth Slows & South Africa’s Budget Gap Widens

Nigeria’s Inflation Rate Eases to 23.71% in April 2025
Nigeria recorded a slight decline in its annual inflation rate, dropping from 24.23% in March to 23.71% in April 2025. This marginal improvement signals early signs of easing price pressures across the economy. According to the National Bureau of Statistics, the dip was driven by relative stability in food and energy prices, offering cautious optimism for consumers and policymakers alike.

Angola’s Economic Growth Forecast Revised Downward
Angola’s economic outlook took a hit as growth projections for 2025 were cut to 2.4%, down from earlier estimates. The downgrade stems from falling global oil prices and mounting debt concerns, exposing vulnerabilities in Angola’s heavily oil-dependent economy. The revised forecast raises questions about the country’s short-term fiscal resilience and longer-term diversification strategy.

South Africa Confronts $4.1 Billion Budget Shortfall
South Africa is facing a significant fiscal hurdle as it grapples with a $4.1 billion budget shortfall. The government is now weighing spending cuts and considering the use of reserves to bridge the gap. This development underscores the broader economic pressures facing the country and could shape key decisions heading into the second half of the year.

Africa’s economic dynamics are constantly evolving. At QAl, we’re committed to decoding these shifts and delivering timely insights that matter.