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Africa’s Growth Forecast Strengthens to 4% by 2026

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UN report projects Africa’s growth at 4% in 2026, with East Africa leading, but warns high debt and fiscal pressures remain significant risks

Africa’s economic outlook is set to strengthen over the next two years, with growth projected at 4.0 per cent in 2026 and 4.1 per cent in 2027, according to the United Nations World Economic Situation and Prospects 2026 (WESP 2026) report.

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Also read: IITA DG Urges Strong Investment in Youth for Africa’s Future

The report, unveiled at the headquarters of the United Nations Economic Commission for Africa (ECA) in Addis Ababa, indicates a gradual improvement from growth rates of 3.5 per cent in 2024 and an estimated 3.9 per cent in 2025.

The rebound reflects improving macroeconomic stability in several of Africa’s largest economies, which has supported investment flows and consumer spending across the continent.

Regionally, East Africa is expected to remain the fastest-growing subregion, with expansion forecast at 5.8 per cent in 2026.

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West Africa is projected to grow by 4.4 per cent, North Africa by 4.1 per cent, Central Africa by 3.0 per cent, and Southern Africa by 2.0 per cent.

Despite the positive outlook, the report highlighted persistent fiscal pressures.

Africa’s average public debt-to-GDP ratio stood at approximately 63 per cent in 2025, with interest payments projected to absorb nearly 15 per cent of government revenues, limiting fiscal space for development priorities.

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The ECA called for renewed multilateral cooperation, stronger global policy coordination, and reforms to the international financial architecture to address mounting debt, climate-related shocks, and financing gaps.

Commenting on the findings, Director of the ECA’s Macroeconomics, Finance and Governance Division, Mr Stephen Karingi, cautioned that Africa’s recovery remains fragile.

“High debt-servicing costs, limited fiscal buffers, and volatile commodity prices continue to pose risks to inclusive and sustainable growth,” he said.

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Global conditions remain challenging, with world output forecast to grow by 2.7 per cent in 2026, slightly below the 2.8 per cent projected for 2025 and under the pre-pandemic average of 3.2 per cent, Karingi noted.

UN Secretary-General António Guterres highlighted rising economic, geopolitical, and technological tensions, warning that many developing economies continue to struggle, with slow progress on Sustainable Development Goals.

Hopestone Chavula, Officer-in-Charge of the ECA’s Macroeconomic Analysis Section, stressed that Africa’s recovery is uneven, with East Africa driving growth while other regions face structural weaknesses and vulnerability to external shocks.

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Also read: Lagos set for Africa’s biggest DJ Marathon Festival

The report presents a cautiously optimistic view for Africa’s economic trajectory, emphasising the need for sustained reforms and global support to convert projected growth into long-term development gains.

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Carrick Admits Man United Have Fallen Below Expectations

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Michael Carrick admits Man United have fallen below expectations after a poor run of results, urging players to restore the club’s identity

Manchester United manager Michael Carrick has admitted that the club have fallen below expectations following a disappointing run of results, insisting that his players must rediscover the values and identity that have defined the Premier League side.

Also read: NSCDC arrests 22-year-old over cable vandalism in Gombe

Speaking at a press conference on Friday, October 23, 2026, ahead of Sunday’s meeting with Bournemouth at Old Trafford, Carrick described the team’s recent performances as unacceptable and called for a collective effort to restore confidence.

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The manager was particularly critical of Wednesday’s 4-1 Champions League defeat by Como, which he said had been painful to witness.

“Recently we haven’t had a good time, I think that’s pretty obvious,” Carrick said, according to BBC Sport.

“Wednesday was a bad night, and it hurt me to see us play like that. It was unacceptable.”

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United’s struggles have intensified scrutiny of Carrick, with the team enduring a run of seven games without a victory.

Reports of tensions and criticism within the squad have added to the pressure ahead of the Bournemouth fixture.

The former United midfielder said his priority was to ensure the team performed in a way that reflected the club’s traditions and gave supporters reason to be proud.

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“My responsibility is to get a team on the pitch that represents this football club, and the supporters, and they can be proud of in the identity we show,” he said.

“We have gone away from that recently. We all must recognise that.”

Carrick stressed that Manchester United’s history should serve as a reminder of the standards expected from players and staff, particularly during difficult periods.

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He highlighted resilience, humility and hard work as essential qualities, warning that the club could not afford to abandon those principles amid its current struggles.

“The foundation and values of this football club have been etched for many years. I totally understand and get every single one of them,” he said.

“There’s a resilience about this football club that runs very deep. I’ve seen it with my own eyes, I’ve felt it, I know some of the individuals closely who have been a big part of that history.”

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Carrick also rejected any suggestion that the club’s reputation should entitle its players to special treatment.

“Entitlement cannot be at this football club,” he said.

“It was based on being humble, having humility, and hard work. We can never lose that, and I won’t let us lose that.”

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Carrick also declined to rule out leaving captain Bruno Fernandes out of the starting line-up against Bournemouth when asked whether he had considered dropping the Portuguese midfielder.

Fernandes has reportedly criticised Carrick’s tactics following the defeat in Italy, adding another dimension to the scrutiny surrounding the team.

However, Carrick said decisions would be guided by what he believed was best for the club rather than individual considerations.

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“The most important thing for me is the team, the squad and dynamics in the squad,” he said.

“It’s about the football club. I’ll always do what is best for the football club.”

His comments suggest that team selection will be based on collective performance and squad dynamics as United seek to arrest their poor run.

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Manchester United will host Bournemouth on Sunday as Carrick attempts to guide the team back to winning ways and ease mounting pressure.

The manager’s immediate challenge is to translate his call for renewed commitment into an improved performance on the pitch.

Also read: NSCDC arrests 22-year-old over cable vandalism in Gombe

With supporters demanding better results, the Bournemouth encounter presents United with an opportunity to demonstrate greater resilience and begin rebuilding confidence within the squad.

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