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Interest rates

Every African central bank sets one number that quietly decides the price of everything else: the policy interest rate — the rate at which it lends to commercial banks, and the anchor for what businesses pay to borrow, what savers earn, and whether a currency yields enough to be worth holding. This page tracks that number across all 54 African countries, taken directly from central bank publications and sorted from the highest cost of money to the lowest. Where a central bank publishes no usable figure, we show the gap rather than guess. Every rate is verified weekly against its source, and every change is recorded — so over time this page becomes not just a snapshot of Africa's price of money, but its history.

One official policy interest rate per African country — sourced from the central bank when a usable page exists.

Highest26.50%
Lowest1.75%
Median4.50%

22 of 54 countries covered · gaps shown honestly below

Snapshot 2026-09-12T02:07:01+00:00 · rates high → low, then gaps A–Z
CountryCentral bankRateEffective dateSource
NigeriaNGverified Sep 12, 2026Central Bank of Nigeria26.50%MPRMonetary Policy Rate
EgyptEGverified Sep 12, 2026Central Bank of Egypt19.00%Overnight depositOvernight deposit rate
GhanaGHverified Sep 12, 2026Bank of Ghana14.00%MPRMonetary Policy Rate
KenyaKEverified Sep 12, 2026Central Bank of Kenya8.75%CBRCentral Bank Rate
South AfricaZAverified Sep 12, 2026South African Reserve Bank7.00%RepoPolicy rate (repo)
BotswanaBWverified Sep 12, 2026Bank of Botswana5.50%MPRMonetary Policy Rate
MauritiusMUverified Sep 12, 2026Bank of Mauritius4.75%Key repoKey Repo Rate
CameroonCMverified Sep 12, 2026BEAC4.50%TIAOTaux d'intérêt des appels d'offres (TIAO)
Central African RepublicCFverified Sep 12, 2026BEAC4.50%TIAOTaux d'intérêt des appels d'offres (TIAO)
ChadTDverified Sep 12, 2026BEAC4.50%TIAOTaux d'intérêt des appels d'offres (TIAO)
CongoCGverified Sep 12, 2026BEAC4.50%TIAOTaux d'intérêt des appels d'offres (TIAO)
Equatorial GuineaGQverified Sep 12, 2026BEAC4.50%TIAOTaux d'intérêt des appels d'offres (TIAO)
GabonGAverified Sep 12, 2026BEAC4.50%TIAOTaux d'intérêt des appels d'offres (TIAO)
BeninBJverified Sep 12, 2026BCEAO3.00%Taux directeurTaux directeur (principal)
Burkina FasoBFverified Sep 12, 2026BCEAO3.00%Taux directeurTaux directeur (principal)
Côte d'IvoireCIverified Sep 12, 2026BCEAO3.00%Taux directeurTaux directeur (principal)
Guinea-BissauGWverified Sep 12, 2026BCEAO3.00%Taux directeurTaux directeur (principal)
MaliMLverified Sep 12, 2026BCEAO3.00%Taux directeurTaux directeur (principal)
NigerNEverified Sep 12, 2026BCEAO3.00%Taux directeurTaux directeur (principal)
SenegalSNverified Sep 12, 2026BCEAO3.00%Taux directeurTaux directeur (principal)
TogoTGverified Sep 12, 2026BCEAO3.00%Taux directeurTaux directeur (principal)
SeychellesSCverified Sep 12, 2026Central Bank of Seychelles1.75%PolicyPolicy Rate
AlgeriaDZBanque d'AlgérieNo usable official source yetTaux directeur
AngolaAOBanco Nacional de AngolaNo usable official source yetTaxa BNA
BurundiBIBanque de la République du BurundiNo usable official source yetTaux directeur
Cabo VerdeCVBanco de Cabo VerdeNo usable official source yetTaxa diretora
ComorosKMBanque Centrale des ComoresNo usable official source yetTaux directeur
DR CongoCDBanque Centrale du CongoNo usable official source yetTaux directeur
DjiboutiDJBanque Centrale de DjiboutiNo usable official source yetTaux directeur
EritreaERBank of EritreaNo usable official source yet
EswatiniSZCentral Bank of EswatiniNo usable official source yetDiscount rate
EthiopiaETNational Bank of EthiopiaNo usable official source yetPolicy rate
GambiaGMCentral Bank of The GambiaNo usable official source yetPolicy rate
GuineaGNBanque Centrale de la République de GuinéeNo usable official source yetTaux directeur
LesothoLSCentral Bank of LesothoNo usable official source yetCBR (policy rate)
LiberiaLRCentral Bank of LiberiaNo usable official source yetMonetary Policy Rate
LibyaLYCentral Bank of LibyaNo usable official source yet
MadagascarMGBanque Centrale de MadagascarNo usable official source yetTaux directeur
MalawiMWReserve Bank of MalawiNo usable official source yetPolicy rate
MauritaniaMRBanque Centrale de MauritanieNo usable official source yetTaux directeur
MoroccoMABank Al-MaghribNo usable official source yetTaux directeur
MozambiqueMZBanco de MoçambiqueNo usable official source yetTaxa MIMO
NamibiaNABank of NamibiaNo usable official source yetRepo rate
RwandaRWNational Bank of RwandaNo usable official source yetCentral Bank Rate
Sierra LeoneSLBank of Sierra LeoneNo usable official source yetMonetary Policy Rate
SomaliaSOCentral Bank of SomaliaNo usable official source yet
South SudanSSBank of South SudanNo usable official source yet
SudanSDCentral Bank of SudanNo usable official source yet
São Tomé and PríncipeSTBanco Central de São Tomé e PríncipeNo usable official source yet
TanzaniaTZBank of TanzaniaNo usable official source yetCentral Bank Rate
TunisiaTNBanque Centrale de TunisieNo usable official source yetTaux directeur
UgandaUGBank of UgandaNo usable official source yetCentral Bank Rate
ZambiaZMBank of ZambiaNo usable official source yetMonetary Policy Rate
ZimbabweZWReserve Bank of ZimbabweNo usable official source yetBank policy rate
NigeriaNG
26.50%MPR
Central Bank of Nigeria · verified Sep 12, 2026
Effective
EgyptEG
19.00%Overnight deposit
Central Bank of Egypt · verified Sep 12, 2026
Effective
GhanaGH
14.00%MPR
Bank of Ghana · verified Sep 12, 2026
Effective
KenyaKE
8.75%CBR
Central Bank of Kenya · verified Sep 12, 2026
Effective
South AfricaZA
7.00%Repo
South African Reserve Bank · verified Sep 12, 2026
Effective
BotswanaBW
5.50%MPR
Bank of Botswana · verified Sep 12, 2026
Effective
MauritiusMU
4.75%Key repo
Bank of Mauritius · verified Sep 12, 2026
Effective
SeychellesSC
1.75%Policy
Central Bank of Seychelles · verified Sep 12, 2026
Effective
AlgeriaDZ
No usable official source yet
Banque d'Algérie
Effective
AngolaAO
No usable official source yet
Banco Nacional de Angola
Effective
Source
BurundiBI
No usable official source yet
Banque de la République du Burundi
Effective
Cabo VerdeCV
No usable official source yet
Banco de Cabo Verde
Effective
ComorosKM
No usable official source yet
Banque Centrale des Comores
Effective
DR CongoCD
No usable official source yet
Banque Centrale du Congo
Effective
DjiboutiDJ
No usable official source yet
Banque Centrale de Djibouti
Effective
EritreaER
No usable official source yet
Bank of Eritrea
Effective
Source
EswatiniSZ
No usable official source yet
Central Bank of Eswatini
Effective
EthiopiaET
No usable official source yet
National Bank of Ethiopia
Effective
GambiaGM
No usable official source yet
Central Bank of The Gambia
Effective
GuineaGN
No usable official source yet
Banque Centrale de la République de Guinée
Effective
LesothoLS
No usable official source yet
Central Bank of Lesotho
Effective
LiberiaLR
No usable official source yet
Central Bank of Liberia
Effective
LibyaLY
No usable official source yet
Central Bank of Libya
Effective
Source
MadagascarMG
No usable official source yet
Banque Centrale de Madagascar
Effective
MalawiMW
No usable official source yet
Reserve Bank of Malawi
Effective
MauritaniaMR
No usable official source yet
Banque Centrale de Mauritanie
Effective
MoroccoMA
No usable official source yet
Bank Al-Maghrib
Effective
MozambiqueMZ
No usable official source yet
Banco de Moçambique
Effective
Source
NamibiaNA
No usable official source yet
Bank of Namibia
Effective
Source
RwandaRW
No usable official source yet
National Bank of Rwanda
Effective
Sierra LeoneSL
No usable official source yet
Bank of Sierra Leone
Effective
SomaliaSO
No usable official source yet
Central Bank of Somalia
Effective
Source
South SudanSS
No usable official source yet
Bank of South Sudan
Effective
Source
SudanSD
No usable official source yet
Central Bank of Sudan
Effective
Source
São Tomé and PríncipeST
No usable official source yet
Banco Central de São Tomé e Príncipe
Effective
Source
TanzaniaTZ
No usable official source yet
Bank of Tanzania
Effective
TunisiaTN
No usable official source yet
Banque Centrale de Tunisie
Effective
UgandaUG
No usable official source yet
Bank of Uganda
Effective
ZimbabweZW
No usable official source yet
Reserve Bank of Zimbabwe
Effective

One official policy interest rate per African country — sourced from the central bank when a usable page exists.

Loading policy rates…
Country Central bank Rate Effective date Source