Prevailing literature recognizes that poverty may not act as a significant factor that spurs the level of terrorist activities. However, literature on the relationship between poverty and terrorism in Africa remains sparse. This study, therefore, investigates the influence of poverty on terrorism in 26 African countries from 2000 to 2017 in a panel data environment. Findings from the two-stage least square regression, with standard errors which are heteroskedastic and autocorrelation consistent, show that poverty significantly raises the level of terrorism incidents. However, after accounting for unobserved heterogeneity, we find that the positive relationship between poverty and terrorism becomes insignificant. Further findings employing the instrumental variable quantile regression with fixed effects show that the existing levels of terrorism incidents matter for the impact of poverty on terrorism incidents. The result shows that the impact of poverty on terrorism is only significant at the median. Furthermore, economic growth, political stability, income inequality, and unemployment matter for terrorism in Africa. The study highlights that poverty is not a determining factor for terrorism in Africa when compared to economic growth, political stability, and unemployment. Recommendations are such that inclusive growth, political stability, and unemployment reduction should be prioritized in Africa.