By Kemi Osukoya | BUSINESS & ECONOMY

The U.S. State Department’s 2026 Fiscal Transparency Report found that only 16 African countries—including Botswana, Cabo Verde, Côte d’Ivoire, Ghana, Namibia, Rwanda and South Africa—met the minimum transparency benchmark, out of 138 countries assessed globally.

Eight African countries, including Ethiopia and Liberia, made significant progress from last year. But 27 countries across the continent—including major economies such as Angola, the Democratic Republic of Congo and Nigeria—showed no meaningful improvement.

*This is a breaking news and will be updated with additional information