CFBANQUE Investment · Institutional Research
African Economic Intelligence &
Corporate Rating Platform
Sovereign ratings, sector-by-sector scoring and corporate financial analysis across 54 African economies — built for investors, governments and international institutions.
Covered Economies
8
of 54 (expanding)
Aggregate GDP
$1589B
covered universe
Avg. Real Growth
4.3%
weighted estimate
Corporate Issuers
6+
under coverage
NG GDP$375B▲ 3.1%·
NG INF28.9%▼ 2.9%·
ZA GDP$406B▲ 1.1%·
ZA INF5.2%▼ 0.5%·
EG GDP$348B▲ 4.0%·
EG INF23.4%▼ 2.3%·
KE GDP$113B▲ 5.4%·
KE INF6.3%▼ 0.6%·
MA GDP$152B▲ 3.2%·
MA INF2.1%▼ 0.2%·
CI GDP$87B▲ 6.5%·
CI INF3.8%▼ 0.4%·
GH GDP$77B▲ 2.9%·
GH INF22.1%▼ 2.2%·
SN GDP$31B▲ 8.3%·
SN INF3.4%▼ 0.3%·
NG GDP$375B▲ 3.1%·
NG INF28.9%▼ 2.9%·
ZA GDP$406B▲ 1.1%·
ZA INF5.2%▼ 0.5%·
EG GDP$348B▲ 4.0%·
EG INF23.4%▼ 2.3%·
KE GDP$113B▲ 5.4%·
KE INF6.3%▼ 0.6%·
MA GDP$152B▲ 3.2%·
MA INF2.1%▼ 0.2%·
CI GDP$87B▲ 6.5%·
CI INF3.8%▼ 0.4%·
GH GDP$77B▲ 2.9%·
GH INF22.1%▼ 2.2%·
SN GDP$31B▲ 8.3%·
SN INF3.4%▼ 0.3%·
Sovereign Coverage
Featured country ratings
West Africa
Nigeria
GDP
$374.9B
Growth
3.1%
Inflation
28.9%
Debt/GDP
46%
Fiscal
-4.6%
Reserves
$33B
Sovereign Risk
64
Southern Africa
South Africa
GDP
$405.7B
Growth
1.1%
Inflation
5.2%
Debt/GDP
75%
Fiscal
-5.1%
Reserves
$62B
Sovereign Risk
55
North Africa
Egypt
GDP
$347.6B
Growth
4.0%
Inflation
23.4%
Debt/GDP
93%
Fiscal
-7.2%
Reserves
$46B
Sovereign Risk
68
East Africa
Kenya
GDP
$113.4B
Growth
5.4%
Inflation
6.3%
Debt/GDP
68%
Fiscal
-4.4%
Reserves
$8B
Sovereign Risk
49
North Africa
Morocco
GDP
$152.4B
Growth
3.2%
Inflation
2.1%
Debt/GDP
70%
Fiscal
-4.1%
Reserves
$36B
Sovereign Risk
32
West Africa
Côte d'Ivoire
GDP
$86.9B
Growth
6.5%
Inflation
3.8%
Debt/GDP
58%
Fiscal
-4.0%
Reserves
$9B
Sovereign Risk
41
Sectoral Engine
14 sectors. Scored individually.
Each African economy is decomposed into the sectors that drive it — from banking and energy to infrastructure, mining, telecoms and the digital economy — with a dedicated score for growth, profitability, attractiveness and risk.
Open sector scoring →Sector 01
Banking & Finance
Sector 02
Energy
Sector 03
Mining
Sector 04
Infrastructure
Sector 05
Agriculture
Sector 06
Telecommunications
Sector 07
Construction
Sector 08
Transport & Logistics
Sector 09
Oil & Gas
Sector 10
Manufacturing
Sector 11
Healthcare
Sector 12
Tourism
Sector 13
Retail & Consumer
Sector 14
Technology
Sector 15
Real Estate
Corporate Universe
African issuers under coverage
| Issuer | Country | Sector | Revenue | EBITDA | Leverage | Rating |
|---|---|---|---|---|---|---|
Dangote Cement Plc DANGCEM | NG | Construction & Real Estate | $2,870M | 41.2% | 1.1x | BBBStable |
Standard Bank Group SBK | ZA | Banking & Finance | $11,420M | 38.5% | 0.4x | BBBStable |
Safaricom Plc SAFCOM | KE | Telecommunications | $2,480M | 49.1% | 1.6x | BBPositive |
Attijariwafa Bank ATW | MA | Banking & Finance | $3,140M | 44.8% | 0.5x | BBBStable |
Commercial International Bank CIB | EG | Banking & Finance | $1,820M | 52.3% | 0.3x | BPositive |
Sonatel SNH | SN | Telecommunications | $2,390M | 47.0% | 1.2x | BBBStable |
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