From 2006 to 2016, Africa’s annual inflation rate has more than doubled, reaching 12.4%, according to recent data on socio-economic indicators released by the African Development Bank (AfDB).
Worldwide, Africa has been the number one in this regard over the period. In 2016, the region’s average exceeded by far that of the whole planet (3.5%), India’s (4.8%), Latin America and Caribbean’s’ (4.2%), Asia’s emerging economies’ (3.3%), U.S’ (2.7%), and the Euro zone’ (1.7%).
Over the 54 countries studied, only seven have recorded a decrease in their consumer prices in 2016, while in 17 other countries, the inflation rate ranged between 0% and 5%. Countries where inflation stood between 5% and 10% are 18 in all. Those with an inflation rate of more than 10% were 11, that year.
The top 10 of countries with the worst results in regards to inflation, are South Sudan (444.1%), Angola (30.4%), Libya (25.8%), Malawi (21.8%), Mozambique (19.8%), Zambia (18.2%), Ghana (17.5%), Nigeria (15.8%), Sierra Leone (11.1%), Egypt (10.2% but soared to more than 34% in 2017). Globally, these countries have experienced or just exited different sorts of crises (social, economic, financial, monetary, etc).
In the meantime, the CEMAC and WAEMU integration zones have recorded the best performances in terms of inflation which was quite low, under the reference range.
Fiacre E. Kakpo
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...
Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...
Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...
Cobalt prices more than doubled in 2025, while copper rose over 40%, with supply-demand balance expected to guide 2026 pricing. DRC plans annual cobalt...
Gates Foundation and OpenAI commit $50 million to implement AI solutions in 1,000 African health centers by 2028 under the “Horizon 1000”...
Galp will focus growth on upstream oil assets in Brazil and Namibia while separating downstream operations. The group may list part of its downstream...
TAAG and Standard Bank launched a credit-based ticket payment solution for domestic and international flights. The scheme allows Standard Bank clients...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...
Bamako hosted the first International Festival of African Documentary (FIDAB) from January 16 to 18, 2026, screening 12 African films. UNESCO...