Inflows of foreign direct investment into Africa decreased by 44% from 2021 to 2022

Global inflows of foreign direct investment fell by 12% in 2022, and Africa saw a 44% decline from $80 billion in 2021 to $45 billion. According to UNCTAD data, only two of Africa's five major regions — North and East Africa — saw a rise in FDI in 2022.

Source:

United Nations Conference on Trade and Development

Period:

2021 - 2022
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Nigeria’s food inflation has risen every month since January 2026, climbing 8.07 percentage points to 16.96% in May
  • Nigeria’s year-on-year food inflation rose for the fourth consecutive month, from 8.89% in January 2026 to 16.96% in May.
  • The rate increased by 8.07 percentage points within the first five months of 2026.
  • May’s 16.96% rate means food prices were, on average, 16.96% higher than they were in May 2025.
  • Food inflation rose from 12.12% in February to 14.31% in March and 16.06% in April before reaching 16.96% in May.
  • Food inflation exceeded Nigeria’s 15.93% headline inflation rate in May, showing that food was a major source of renewed pressure on household expenses.
Among 44 African countries, Nigeria's 16.96% food inflation in May 2026 was lower only than that of Libya and Malawi
  • Nigeria recorded the third-highest food inflation rate among 44 African countries in May 2026.
  • At 16.96%, Nigeria’s rate was lower only than Libya and Malawi, both at 17.6%.
  • Nigeria’s food inflation was nearly 3.5 times the 4.88% average across the countries covered.
  • Eight of the ten countries with the highest food inflation recorded rates above 10%.
Company income tax collections declined across 13 sectors in Q1 2026
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  • Extraterritorial organisations recorded the steepest fall at 53.9%.
  • Construction collections fell by 52.4%, the second-largest decline.
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  • Manufacturing still generated ₦74.5 billion despite a 31.0% decline.
Eswatini and Morocco have remained in the World Bank's lower-middle-income band for at least 38 consecutive years
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  • Portfolio investment accounted for 95% of Nigeria’s total capital importation in Q1 2026.
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Three African countries are projected to have debt exceeding their GDP in 2026
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