{"id":54242,"date":"2025-11-17T09:32:06","date_gmt":"2025-11-17T14:32:06","guid":{"rendered":"https:\/\/newssprinters.com\/index.php\/world\/sp-global-boost-for-south-africa-nigeria\/17\/11\/2025\/"},"modified":"2025-11-17T09:32:06","modified_gmt":"2025-11-17T14:32:06","slug":"sp-global-boost-for-south-africa-nigeria","status":"publish","type":"post","link":"https:\/\/newssprinters.com\/index.php\/world\/sp-global-boost-for-south-africa-nigeria\/17\/11\/2025\/","title":{"rendered":"S&#038;P Global boost for South Africa, Nigeria"},"content":{"rendered":"<p>\n<\/p>\n<div>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Sub-Saharan Africa\u2019s two biggest economies received favorable assessments from S&amp;P Global Ratings, which praised government policies in both countries.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->South Africa secured its <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-14\/s-p-raises-south-africa-s-rating-for-first-time-in-two-decades\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:first credit rating upgrade since 2005;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">first credit rating upgrade since 2005<\/a>, moving up one level to BB, due to its improving growth and fiscal trajectory. S&amp;P also <a href=\"https:\/\/www.reuters.com\/world\/africa\/sp-revises-nigerias-outlook-positive-economic-reforms-2025-11-14\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:revised its outlook on Nigeria to \u201cpositive\u201d from \u201cstable,;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">revised its outlook on Nigeria to \u201cpositive\u201d from \u201cstable,<\/a>\u201d stating that the monetary, economic, and fiscal policy overhaul under Nigerian President Bola Tinubu would \u201cyield positive benefits over the medium term.\u201d<!-- HTML_TAG_END --><\/p>\n<p> <iframe loading=\"lazy\" title=\"CDS Widget\" src=\"https:\/\/templates.cds.yahoo.com\/remote\/widget?campaignId=f29d9636-839a-47b1-b30b-2c5d57501dc4&amp;lineItemId=44fc9657-ef9b-4b1c-af68-6ddd597c9599&amp;site=finance&amp;contentId=81d009b1-c9a0-31dd-80e4-1fb6b8ae59a8&amp;spaceId=1183300100&amp;providerId=semafor_310\" scrolling=\"no\" height=\"400\" data-testid=\"offers-cds-iframe\" class=\"yf-1xws99g\"><\/iframe> <\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Both countries have pursued policy upheavals in recent years. South Africa, whose coalition government took office in 2024, last week cut its inflation target for the first time this century, to 3%. In Nigeria, a system of multiple exchange rates has been scrapped, along with a costly fuel subsidy, since Tinubu took office two years ago.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->The improved assessment for the two countries looks set to cut the cost of borrowing, paving the way for more investment. Together, Nigeria and South Africa account for <a href=\"https:\/\/thedocs.worldbank.org\/en\/doc\/9e27d42c0a24c9f082f4ea3c1a78faf1-0360012024\/original\/Africa-s-Pulse-20241115.pdf\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:around 40% of sub-Saharan Africa\u2019s GDP;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">around 40% of sub-Saharan Africa\u2019s GDP<\/a>, making them major drivers of economic growth in the region.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><span>\u2014 <a href=\"https:\/\/www.semafor.com\/author\/alexis-akwagyiram\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Alexis Akwagyiram;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Alexis Akwagyiram<\/a><\/span><!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/finance.yahoo.com\/news\/p-global-boost-south-africa-140628908.html\" target=\"_blank\" rel=\"noopener nofollow\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sub-Saharan Africa&rsquo;s two biggest economies received favorable assessments from S&amp;P Global Ratings, which praised government policies in both countries. South Africa secured<br \/><button class=\"read-more\"><a href=\"https:\/\/newssprinters.com\/index.php\/world\/sp-global-boost-for-south-africa-nigeria\/17\/11\/2025\/\">Read More &rsaquo;<\/a><\/button><\/p>\n","protected":false},"author":1,"featured_media":54243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"fifu_image_url":"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/XzM87mnat3cSktaPeugFEA--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDI-\/https:\/\/media.zenfs.com\/en\/semafor_310\/5f7dccc237f53c2aaf7cbc49ec7bee17","_links":{"self":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/54242"}],"collection":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/comments?post=54242"}],"version-history":[{"count":0,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/54242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media\/54243"}],"wp:attachment":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media?parent=54242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/categories?post=54242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/tags?post=54242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}