Africa Interest Rate

Insights

South Africa's interest rate was 7% in September 2025. This followed a decrease from 7.25% in June 2025.
Egypt's key interest rate decreased to 21% in October 2025 from 22% in August 2025. This reduction followed a decline in annual headline inflation to 12.0% in August 2025 from 13.9% in July.
Algeria's discount rate fell to 2.75% in August 2025 from 3% in July 2025. The monetary and banking council lowered the key interest rate in August 2025 to maintain price stability.

Data is available for the period 1999 to 2025 across 26 countries in Africa.

World Major Countries Americas Europe Asia Oceania Africa

Country	Current Value	Previous Value	Next Release	Last Updated
South Africa	7%	7.25%	Nov 20, 2025	Sep 18, 2025
Egypt	21%	22%	Nov 20, 2025	Oct 02, 2025
Algeria	2.75%	3%		Aug 28, 2025
Nigeria	27%	27.5%	Nov 25, 2025	Sep 23, 2025
Morocco	2.25%	2.25%	Dec 16, 2025	Sep 23, 2025
Ethiopia	15%	15%		Aug 31, 2025
Kenya	9.25%	9.5%	Dec 09, 2025	Oct 07, 2025
Côte d'Ivoire	5.25%	5.25%		Jul 31, 2025
Ghana	21.5%	25%	Nov 19, 2025	Sep 17, 2025
Angola	19%	19.5%	Nov 18, 2025	Sep 16, 2025
Tanzania	5.75%	5.75%		Aug 31, 2025
Congo - Kinshasa	17.5%	25%		Oct 31, 2025
Uganda	9.75%	9.75%	Nov 06, 2025	Aug 07, 2025
Tunisia	7.5%	7.5%		Jul 30, 2025
Cameroon	4.5%	4.5%		Aug 31, 2025
Libya	3%	3%		Aug 31, 2025
Zimbabwe	35%	35%		Jul 31, 2025
Senegal	5.25%	5.25%		Jul 31, 2025
Mali	5.25%	5.25%		Jul 31, 2025
Zambia	14.5%	14.5%	Nov 12, 2025	Aug 13, 2025
Guinea	10.25%	10.25%		Aug 31, 2025
Burkina Faso	5.25%	5.25%		Jul 31, 2025
Congo - Brazzaville	4.5%	4.5%		Aug 31, 2025
Eswatini	6.75%	7%		May 30, 2025
Guinea-Bissau	5.25%	5.25%		Jul 31, 2025
São Tomé & Príncipe	10%	10%		Aug 31, 2025

Africa Interest Rate : Definition

The Interest Rate set by central banks is the benchmark rate at which commercial banks can borrow money from the central bank. It is the primary tool of monetary policy, influencing borrowing costs, consumer spending, business investment, inflation, and overall economic growth.