Moody’s has revised its outlook for sub-Saharan Africa to positive, citing economic reforms, strong commodity prices and improved access to financing as factors helping countries withstand inflationary pressures and strengthen their fiscal positions….
Moody’s has revised its outlook for sub-Saharan Africa to positive, citing economic reforms, strong commodity prices and improved access to financing as factors helping countries withstand inflationary pressures and strengthen their fiscal positions.
The ratings agency expects the region’s economies to grow by an average 4.3% in both 2026 and 2027.
It also projects government borrowing needs to fall to 11.2% of GDP in 2027, from 12.3% in 2025, while total government debt is expected to ease from 62.4% of GDP in 2025 to 56.6% in 2027.
However, Moody’s warned that heavy debt-servicing burdens, limited government revenues, climate risks and regional security threats remain significant challenges.
Nigeria is among eight of the 25 sub-Saharan African countries rated by Moody’s with a positive outlook, alongside South Africa, Namibia, Angola, Togo, Ghana, Republic of Congo and Zambia.
