### Summary
The top 10 African nations where inflation spiked the most from January to July are Egypt, Congo, Gambia, Benin, Malawi, Nigeria, Zambia, Somalia, Madagascar, and Burundi.
### Facts
- 🇪🇬 Egypt experienced the highest inflation spike of 10.7% from January to July.
- 🇨🇩 Congo's inflation rate increased by 10.5% during the same period.
- 🇬🇲 Gambia saw an inflation spike of 4.7%.
- 🇧🇯 Benin experienced a 2.6% increase in inflation.
- 🇲🇼 Malawi's inflation rate went up by 2.5%.
- 🇳🇬 Nigeria's inflation rate increased by 2.3%.
- 🇿🇲 Zambia had a 0.9% inflation spike during the period.
- 🇸🇴 Somalia experienced a 0.4% increase in inflation.
- 🇲🇬 Madagascar's inflation rate went up by 0.4%.
- 🇧🇮 Burundi saw a 0.4% inflation spike.
The top 10 African countries with the best inflation rates in mid-2023 include Seychelles and Burkina Faso with negative inflation, and other countries such as Botswana, Niger, and Mali with relatively low inflation rates.
The top 10 African countries with the highest GDP per capita are Seychelles, Mauritius, Libya, Botswana, Gabon, South Africa, Equatorial Guinea, Namibia, Egypt, and Swaziland.
The top 10 African countries with the highest fuel prices in September compared to August are the Central African Republic, Malawi, Senegal, Zimbabwe, Seychelles, Mauritius, Cape Verde, Morocco, Zambia, and Mali.
The top 10 African countries with the highest debt-to-GDP ratio are Eritrea, Cape Verde, Mozambique, Republic of the Congo, Sierra Leone, Ghana, Egypt, Gambia, Senegal, and Morocco.
Ghana's central bank has kept its main interest rate at 30.00% due to lower inflation, a stable exchange rate, and strong economic growth, surpassing IMF projections.
According to a report by Oxford Economics Africa, the top 10 riskiest African countries to do business in 2023 are Nigeria, Zimbabwe, Ethiopia, DRC, Mozambique, Cameroon, Egypt, Uganda, Ghana, and Algeria.
High interest rates and growing risk aversion among investors have led to debt crises in several developing economies, including Egypt, Ethiopia, Ghana, Kenya, Lebanon, Pakistan, Sri Lanka, Tunisia, Ukraine, and Zambia, which will be a primary focus at the upcoming IMF and World Bank meetings.
The top 10 African countries with the highest diaspora remittance inflow are Egypt, Nigeria, Morocco, Ghana, Kenya, Tunisia, Zimbabwe, Senegal, Algeria, and Congo.
The World Bank's Africa Pulse report reveals the top 10 Sub-Saharan African countries with the lowest economic growth in 2023, including Sudan, Equatorial Guinea, and South Sudan, among others.