According to Standard Bank Africa Barometer, African businesses face a USD shortage for imports. Analysts noted that this deficit intensifies due to local currency depreciation, climbing interest rates, and capital outflows. The continent’s sovereign debt is also rising because of these higher rates and weakened currencies. Ascending interest rates in developed nations exacerbate this, particularly impacting SMEs with increased foreign debt repayments. Angola, Ghana, and Kenya lead in tradability based on economic factors, followed by Mozambique, Namibia, Nigeria, and South Africa. Meanwhile, the situation in Tanzania, Uganda, and Zambia is more concerning.