Africa Rates

Continent Deposit Rates

Africa Deposits by Country

CountryInflationGDPPopulationInterest RateChangeCurrencyLast Updated
Uganda4.9%1,30536,600,00013.00% - UGXNov 2016
South Africa5%10,22954,002,0008.94%ZARNov 2016
Ghana8.8%3,08127,043,0938.90% - GHSNov 2016
Rwanda5.9%1,35410,996,8918.00% - RWFNov 2016
Tanzania7.8%1,50547,421,7867.50% - TZSNov 2016
Zimbabwe8.3%55913,061,2396.00% - USDNov 2016
Angola8.9%6,247 24,383,3014.00% - AOAApr 2016
Botswana7.8%14,3212,024,9042.75% - BWPNov 2016
Mauritius6.7%12,7371,261,2082.58% - MURNov 2016

Africa Overview

With the population at over 1 billion (Est 2012) combined of 54 countries, the African continent has some of the lowest GDP PPP per capita (2011) countries in the world. However in 2011 economic growth minus South Africa according to a World Bank report(2012) was 5.9%. Specifically Egypt and Nigeria were categorized as one of the 'Next 11', a Goldman Sachs report which emphasis that along with the BRICs, these 11 countries could become some of the world's largest economies in the 21st century.

Africa Bank Photos

Discussion

  • Q: I amforeign partner I want to know the possibility of transferring of her moneyto myAccount?

    Replykedlamba from Ethiopia

Africa Discussion Activity

  • Ghana - Deposits - ADB
    Q: What's the interest rate for 30yrs later

    Wise cobbina from Accra, Ghana
  • Uganda - Deposits
    Q: We intend to open up a fix deposit acc as a group. I c ur interest rates is13.00%if the money is to bfixed for 1year. This confuses me a little, is the 13% a monthly benefit for the duration of 1year? or that 13% is the benefit for the whole year's savings? I mean without considering the month?

    Simon from Kampala, Uganda
  • Ghana - UT Bank Ghana
    Q: What is your question?can I deposit money to an account in the bank of America in the USA through UT bank? if so please make me aware thank you

    kwabena from Ghana
  • South Africa - Sasfin Bank
    Q: I would like to open a personal account plus a business account with Sasfin bank please send me the requirements.My company is still new haven't started to operate but I prefer Sasfin bank than other banks

    Seloakgotong Ernes from Pretoria, South Africa
  • South Africa - Deposits - Standard Bank ZA - Standard Bank 1 Year Fixed Deposit
    Q: How much will if I invest 5000 for 1 year

    Zandile from Durban, South Africa