Africa Risk-Reward Index 2026

Africa is reshaping how it withstands global shocks

Oxford Economics Africa and Control Risks are pleased to launch the eleventh edition of the Africa Risk-Reward Index.

This year’s report explores how Africa is navigating global disruption and highlights the trends and markets that are likely to shape the continent’s investment landscape in the years ahead.

What the report explores

• Sourcing closer to home: how regional production, from the Dangote refinery to a four-fold rise in domestic fertiliser output, is reducing Africa’s dependence on distant suppliers.
• Unlocking Africa’s own capital: why the challenge is not an absence of money, but how to deploy a domestic financial base exceeding USD 4trn.
• Reform rewards and concerning shortcuts: why sovereign upgrades have outnumbered downgrades since 2024 and where hidden-debt scandals are threatening gains.
• Winners, anchors and where buffers are weakest: Country-level assessments of Nigeria, South Africa, Egypt, Morocco and Kenya, alongside a clear-eyed look at where buffers are thinnest, in Mozambique, Malawi and Botswana.
• Three tests that will define the next phase: The challenges that will determine whether the resilience dividend endures.