World’s largest economy loses ground as Africa’s largest economy records $2.14 billion trade surplus despite 28% drop in exports to the U.S.
A joint quarterly report published by AgriCulture South Africa (AgriSA) and the Agricultural BusinessChamber (Agbiz) shows that overall agricultural exports grew 9.1% year-on-year to $4.12 billion, while imports rose 6.4% to $1.98 billion
Polysmart Commissioning Africa’s Largest Food-Grade rPET Plant in Nigeria
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30 years after entering Africa’s largest economy, UK banking giant HSBC loses its South African banking licence
The South African Reserve Bank’s latest notice, published in the Government Gazette on October 23, 2026, confirmed that plc’s Johannesburg branch had been withdrawn with effect from September 18
US largest bank JPMorgan secures initial approval for Nigerian merchant bank after $38 million capital deposit
The preliminary approval follows JPMorgan’s reported deposit of approximately $38 million (N50 billion) with the CBN, matching the minimum capital requirement for a nationally authorised merchant bank
Zimbabwe moves up Africa’s largest economy rankings at $65.9 billion, but heavy US dollar reliance has not helped it match Tanzania’s growth
According to theInternational Monetary Fund’s (IMF) October 2026 World Economic Outlook, Zimbabwe ranks 14th among Africa’s largest economies, ahead of Cameroon at $64.81 billion and Tunisia at $62.74 billion
South Africa remains Africa’s largest economy at $489.1 billion in latest rankings, but sluggish growth and high unemployment cloud its dominance
Figures from the IMF’s October 2026 World Economic Outlook place South Africa ahead of Egypt, Nigeria and Algeria, reaffirming its position as the continent’s largest economy by nominal GDP
Ethiopia loses East Africa’s largest economy title to Kenya, falling $24 billion behind in latest rankings
According to the International Monetary Fund’s (IMF) October 2026 World Economic Outlook, Kenya’s gross domestic product (GDP) stood at $135.92 billion in 2025, surpassing Ethiopia’s $126.35 billion by $9.57 billion
Africa’s largest economy secures $1.5 billion World Bank loan to fix power, ports and water infrastructure
The financing, approved by the International Bank for Reconstruction and Development (IBRD), comes as Africa’s largest economy pushes ahead with structural reforms aimed at removing some of the biggest obstacles to investment, exports and job creation
Largest US bank with $5 trillion in assets targets Africa’s third-largest economy with new merchant bank
US banking giant JPMorgan plans to launch a merchant bank in Nigeria before the end of 2026, expanding its presence in Africa’s third-largest economy by projected nominal GDP as the country seeks to attract international investment and deepen its financial markets
World’s largest cobalt producer spends billions on diesel. A $300 million project in Congo could save them $1 billion a year
The project comes as persistent power shortages continue to constrain mining expansion, processing and investment in Congo and neighbouring Zambia. is the world’s largest cobalt producer and second-largest copper producer, while Zambia ranks second in Africa for copper production