Afreximbank Group Chief Economist, Dr Yemi Kale Dr Yemi Kale sat down with Businessday during the recently concluded Intra - Africa Trade Fair in Algiers to discuss the importance of the Fair, recent developments in the African macroeconomics environment and monetary policy

📃 𝐂𝐨̂𝐭𝐞 𝐝’𝐈𝐯𝐨𝐢𝐫𝐞 𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐬 𝐬𝐭𝐫𝐨𝐧𝐠 𝐦𝐮𝐥𝐭𝐢-𝐬𝐞𝐜𝐭𝐨𝐫𝐚𝐥 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥, 𝐮𝐧𝐝𝐞𝐫𝐩𝐢𝐧𝐧𝐞𝐝 𝐛𝐲 𝐢𝐭𝐬 𝐫𝐨𝐥𝐞 𝐚𝐬 𝐚 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐡𝐮𝐛 𝐢𝐧 𝐖𝐞𝐬𝐭 𝐀𝐟𝐫𝐢𝐜𝐚. The country has emerged as a

📜The Egyptian government is steadily advancing economic reforms and improving the country’s investment environment, with support from the IMF. In its May 2025 review, the IMF Middle East & North Africa noted that Egypt has made progress towards macroeconomic stability and is advancing reforms to

📜 Under its five-year Growth and Transformation Plan, 𝐄𝐭𝐡𝐢𝐨𝐩𝐢𝐚 𝐚𝐢𝐦𝐬 𝐭𝐨 𝐛𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐚𝐣𝐨𝐫 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐡𝐮𝐛 𝐚𝐧𝐝 𝐢𝐬 𝐫𝐚𝐦𝐩𝐢𝐧𝐠 𝐮𝐩 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐝𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐚𝐧𝐝 𝐫𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐭𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭 𝐚𝐧𝐝

📜 Ghana continues to attract strong investor interest, supported by abundant natural resources, political stability and a favorable investment framework. 𝐋𝐚𝐰𝐬 𝐩𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐧𝐠 𝐚𝐠𝐚𝐢𝐧𝐬𝐭 𝐞𝐱𝐩𝐫𝐨𝐩𝐫𝐢𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐚𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐩𝐫𝐨𝐟𝐢𝐭

🧾 𝐊𝐞𝐧𝐲𝐚 𝐰𝐢𝐥𝐥 𝐫𝐞𝐦𝐚𝐢𝐧 𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐚𝐥𝐥𝐲 𝐬𝐭𝐚𝐛𝐥𝐞 𝐚𝐧𝐝 𝐚𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐯𝐞 𝐟𝐨𝐫 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐝𝐢𝐫𝐞𝐜𝐭 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 (𝐅𝐃𝐈) 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝐝𝐞𝐜𝐚𝐝𝐞. Continued business-friendly policies will remain a draw for investors. The

🧾 𝐌𝐨𝐫𝐨𝐜𝐜𝐨 𝐡𝐚𝐬 𝐞𝐬𝐭𝐚𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐢𝐭𝐬𝐞𝐥𝐟 𝐚𝐬 𝐚 𝐫𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐡𝐮𝐛, 𝐥𝐞𝐯𝐞𝐫𝐚𝐠𝐢𝐧𝐠 𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐚𝐥 𝐬𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲, 𝐦𝐨𝐝𝐞𝐫𝐧 𝐢𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫-𝐟𝐫𝐢𝐞𝐧𝐝𝐥𝐲 𝐫𝐞𝐟𝐨𝐫𝐦𝐬. The

🧾 Mozambique continues to view foreign #investment as a major pillar of its development strategy, with most sectors open to international participation. 𝐑𝐞𝐜𝐞𝐧𝐭 𝐫𝐞𝐟𝐨𝐫𝐦𝐬, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐟𝐢𝐬𝐜𝐚𝐥 𝐚𝐝𝐣𝐮𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐯𝐢𝐬𝐚

🧾 𝐑𝐞𝐟𝐨𝐫𝐦 𝐢𝐦𝐩𝐞𝐭𝐮𝐬 𝐢𝐬 𝐠𝐚𝐢𝐧𝐢𝐧𝐠 𝐭𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐢𝐧 𝐍𝐢𝐠𝐞𝐫𝐢𝐚, 𝐰𝐡𝐢𝐜𝐡 𝐰𝐢𝐥𝐥 𝐩𝐨𝐬𝐢𝐭𝐢𝐯𝐞𝐥𝐲 𝐢𝐦𝐩𝐚𝐜𝐭 𝐭𝐡𝐞 𝐞𝐜𝐨𝐧𝐨𝐦𝐲, 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐬𝐞𝐧𝐭𝐢𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐚𝐭𝐭𝐫𝐚𝐜𝐭 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭.

🧾 𝐒𝐨𝐮𝐭𝐡 𝐀𝐟𝐫𝐢𝐜𝐚 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐬 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐬𝐭𝐞𝐩𝐬 𝐭𝐨 𝐢𝐦𝐩𝐫𝐨𝐯𝐞 𝐢𝐭𝐬 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭, 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐜𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐜𝐞 𝐝𝐞𝐬𝐩𝐢𝐭𝐞 𝐛𝐫𝐨𝐚𝐝𝐞𝐫 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐚𝐥 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬. In

🧾 A wealth of natural resources, strong economic growth and an emerging #manufacturing sector have boosted Tanzania’s appeal to investors. Tanzania introduced a new Investment Act in 2022 aimed at improving the overall #investment climate and making it more attractive to both

🧾 Benin is open to foreign investment and actively promoting its GAP as a vehicle for private #investment. To streamline investor engagement, 𝐭𝐡𝐞 𝐜𝐨𝐮𝐧𝐭𝐫𝐲 𝐡𝐚𝐬 𝐞𝐬𝐭𝐚𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐚𝐠𝐞𝐧𝐜𝐢𝐞𝐬 𝐬𝐮𝐜𝐡 𝐚𝐬 𝐭𝐡𝐞

🧾 𝐁𝐮𝐫𝐤𝐢𝐧𝐚 𝐅𝐚𝐬𝐨’𝐬 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐚𝐠𝐞𝐧𝐝𝐚 𝐢𝐬 𝐠𝐮𝐢𝐝𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐓𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐀𝐜𝐭𝐢𝐨𝐧 𝐏𝐥𝐚𝐧 (𝐏𝐀𝐓) 𝟐𝟎𝟐𝟐–𝟐𝟎𝟐𝟓, which focuses on restoring security, improving governance and supporting social cohesion. This

🧾 𝐂𝐚𝐩𝐞 𝐕𝐞𝐫𝐝𝐞’𝐬 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭 𝐢𝐬 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐬𝐭𝐫𝐨𝐧𝐠 𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐚𝐥 𝐬𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲, 𝐦𝐚𝐜𝐫𝐨𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐝𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞 𝐚𝐧𝐝 𝐭𝐚𝐫𝐠𝐞𝐭𝐞𝐝 𝐞𝐟𝐟𝐨𝐫𝐭𝐬 𝐭𝐨 𝐚𝐭𝐭𝐫𝐚𝐜𝐭 𝐩𝐫𝐢𝐯𝐚𝐭𝐞

💰 𝐄𝐪𝐮𝐚𝐭𝐨𝐫𝐢𝐚𝐥 𝐆𝐮𝐢𝐧𝐞𝐚’𝐬 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐝𝐢𝐫𝐞𝐜𝐭 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐫𝐞𝐦𝐚𝐢𝐧 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐝 𝐛𝐲 𝐡𝐲𝐝𝐫𝐨𝐜𝐚𝐫𝐛𝐨𝐧𝐬, with most external capital flowing into the #oil and #construction sectors. In a

🧾 𝐆𝐚𝐛𝐨𝐧 𝐨𝐟𝐟𝐞𝐫𝐬 𝐚 𝐟𝐚𝐯𝐨𝐮𝐫𝐚𝐛𝐥𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭, 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐩𝐨𝐥𝐢𝐜𝐲 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐢𝐭𝐲, 𝐚𝐛𝐮𝐧𝐝𝐚𝐧𝐭 𝐧𝐚𝐭𝐮𝐫𝐚𝐥 𝐫𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐚𝐧𝐝 𝐚 𝐟𝐚𝐯𝐨𝐮𝐫𝐚𝐛𝐥𝐞 𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐞

📜 𝐀𝐟𝐫𝐢𝐜𝐚’𝐬 𝐚𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐬𝐞𝐜𝐭𝐨𝐫 𝐫𝐞𝐦𝐚𝐢𝐧𝐬 𝐚 𝐜𝐨𝐫𝐧𝐞𝐫𝐬𝐭𝐨𝐧𝐞 𝐨𝐟 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐚𝐜𝐭𝐢𝐯𝐢𝐭𝐲, 𝐞𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐟𝐨𝐨𝐝 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲, 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐟𝐨𝐫 𝐨𝐯𝐞𝐫 𝐡𝐚𝐥𝐟 𝐨𝐟 𝐣𝐨𝐛𝐬 𝐚𝐧𝐝 𝐚𝐫𝐨𝐮𝐧𝐝 𝟏𝟕%

⬆️ 𝐒𝐞𝐲𝐜𝐡𝐞𝐥𝐥𝐞𝐬 𝐡𝐚𝐬 𝐚 𝐬𝐭𝐫𝐨𝐧𝐠 𝐭𝐫𝐚𝐜𝐤 𝐫𝐞𝐜𝐨𝐫𝐝 𝐨𝐟 𝐚𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐧𝐠 𝐅𝐃𝐈, 𝐫𝐞𝐟𝐥𝐞𝐜𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭’𝐬 𝐜𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 𝐭𝐨 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧. By developing sectors such as #fisheries,