Business Credit Interest Rate

Africa Ranking

percentSource: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Zimbabwe	92.64	6-2023	1	81.46
2	Egypt	18.1	6-2023	2	15.9
3	Nigeria	13.85	6-2023	3	13.97
4 ↑	Namibia	11.5	8-2023	5	11
5 ↓	Swaziland	11	7-2023	4	11.25
6 ↑	Guinea-Bissau	9.54	6-2023	13	6.75
7 ↓	Senegal	8.55	6-2023	6	8.88
8 ↓	Seychelles	8.46	7-2023	7	8.46
9 ↓	Niger	8.03	6-2023	8	8.29
10	Burkina Faso	7.95	6-2023	10	7.58
11	Togo	7.55	6-2023	11	7.2
12	Benin	7.39	6-2023	12	7.02
13 ↑	Botswana	6.76	9-2022	14	6.26
14 ↓	Mali	6.38	6-2023	9	8.02
15	Ivory Coast	6.2	6-2023	15	5.76

Definition of Business Credit Interest Rate

The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.