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Moody's ups outlook for Sub-Saharan Africa
Moody's has revised its outlook for sub-Saharan African countries from "Stable" to "Positive," based on the improved financial situation in the region resulting from economic reforms, successful efforts to overcome inflation pressures, and supported by rising commodity prices and better access to financing. The regional economies are expected to grow at an average rate of 4.3% in 2026 and 2027, with government financing needs decreasing and debt levels rising to approximately 56.6% of GDP by 2027, accompanied by expectations of an improvement in public debt conditions. However, some countries such as Kenya and Zambia will face high interest burdens—estimated at around 35% of their government revenues by 2027—along with warnings that ongoing inflation, severe climate events, or a decline in investor confidence could undermine the region's financial outlook.
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