
Audio By Carbonatix
Nigeria and South Africa, two of Africa's richest countries, are no longer in recession as the economies of both grew in the last quarter.
Nigeria had experienced a long period in the doldrums with five consecutive quarters when the economy shrank.
But with annual GDP growth at less than 0.6%, Nigeria's emergence from recession is slow.
South Africa is still facing big economic challenges despite recording a more healthy 2.5% growth figure.
The economic boost in South Africa can be put down to a big rise in agricultural output of 33%.
But overall, its economy still continues to struggle with unemployment remaining stubbornly high at nearly 28%, the BBC's Africa Business Report editor Matthew Davies says.
In Nigeria, the poor performance of the vital oil sector continues to be a drag on the economy. Furthermore, the country's GDP needs to grow by 3% every year just to keep up with the rise in the country's population.
"It still falls far short of the growth rates the Nigerian economy should be achieving," economist Razia Khan told the Reuters news agency.
Latest Stories
-
We can tackle multiple priorities – Sam George defends Anti-LGBTQ Bill push
25 minutes -
Statement: Ghana Chamber of Mines’ Response to Claims in Joe Jackson’s “Ananse Stories about the Economy of Ghana”
27 minutes -
GES opens 2026 teacher recruitment for licensed B.Ed graduates
29 minutes -
Ghana must value skilled trades, build resilient learners — Ibn Chambas
37 minutes -
Ghana must rethink education around relevance, resilience and responsibility — Ibn Chambas
40 minutes -
Prince Harry faces defamation lawsuit from charity he co-founded
42 minutes -
South Korea deploys thermal cameras to track escaped zoo wolf
43 minutes -
Calls for royal meeting with Epstein survivors grow ahead of US visit
47 minutes -
Ibn Chambas advocates blend of technology and human values in education
48 minutes -
UMA improves healthcare access in Asutifi North with GH₵700k ‘Kim Taylor Legacy’ Walkway
53 minutes -
Scholarships Authority and Fanaka University offer sponsorship for procurement and supply chain studies
56 minutes -
Bisa Kdei drops new single ‘Go N Look’ featuring Medikal
1 hour -
Benin facing rising terrorism in north as French military presence faces growing criticism
1 hour -
UEW Public Lecture Series 2026: Education debate ‘about the soul of Ghana’s future’ — Dr Ibn Chambas
1 hour -
EU fingerprint and photo travel rules come into force from today
2 hours