As of September 2022, the top 10 African nations with the highest interest rates are

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Only one of the candidates on the list has seen their interest rate decrease since the year started.
This list does not include any nations from North Africa.

The interest rate of a nation is one of many measures that show how well an economy is doing.

The amount that a country’s central bank reimburses or penalizes commercial banks for their deposits or loans is known as the policy interest rate.

It is a trustworthy indicator of how well an economy is doing, as was already stated. Contrary to inflation rates, a country’s interest rate level does not fully elucidate on the health of its economy.

Instability in the economy is often indicated by a fluctuating policy interest rate. And because paying back loans designed to support both SMEs and large firms becomes increasingly difficult,

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