International Finance Corporation approved a senior loan of up to €50 million ($58 million) to Société Générale Sénégal to expand financing for...
Rwanda launches 2025-2030 roadmap to expand financial inclusion
Formal financial inclusion rose from 21% in 2008 to 92%
Strategy targets...
Rwanda launches 2025-2030 roadmap to expand financial inclusion
Formal financial inclusion rose from 21% in 2008 to 92%
Strategy targets...
Cameroon plans CFA82 billion additional tranche after oversubscribed Eurobond
Initial $750 million issuance attracted nearly $1 billion...
Cameroon plans CFA82 billion additional tranche after oversubscribed Eurobond
Initial $750 million issuance attracted nearly $1 billion...
Visa and Afriland First Bank signed a strategic agreement to expand electronic payments in Cameroon.
The partnership aims to support financial...
Visa and Afriland First Bank signed a strategic agreement to expand electronic payments in Cameroon.
The partnership aims to support financial...
Africa Logistics Properties lists East Africa's first industrial REIT on the NSE, raising $29.55M, with total listing value of $39.95M.
The...
Africa Logistics Properties lists East Africa's first industrial REIT on the NSE, raising $29.55M, with total listing value of $39.95M.
The...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees, with annual costs rising sharply due to growing...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees, with annual costs rising sharply due to growing...
African Solidarity Fund signs $26 million counterguarantee with Cape Verde’s Pro Garante
Facility backs bank loans to businesses, especially...
African Solidarity Fund signs $26 million counterguarantee with Cape Verde’s Pro Garante
Facility backs bank loans to businesses, especially...
Senegal raises 50 billion CFA francs through 364-day treasury bills
Three- and five-year bond tranches receive no investor bids
Repayment...
Senegal raises 50 billion CFA francs through 364-day treasury bills
Three- and five-year bond tranches receive no investor bids
Repayment...
AXA Senegal chief succeeds Oumou Niang Touré, in post since 2022
Senegal insurance premiums reached 290 billion CFA francs in 2024
Amar Kébé...
AXA Senegal chief succeeds Oumou Niang Touré, in post since 2022
Senegal insurance premiums reached 290 billion CFA francs in 2024
Amar Kébé...
Interim dividend increased to 500 cents per share
Revenue rises to R8.4 billion in 1H FY2026
Operating profit rebounds to R1.9 billion,...
Interim dividend increased to 500 cents per share
Revenue rises to R8.4 billion in 1H FY2026
Operating profit rebounds to R1.9 billion,...
Absa Group reported a 12% rise in profit in 2025, reaching 24.76 billion rand ($1.5 billion).
Operations outside South Africa contributed 31% of...
Absa Group reported a 12% rise in profit in 2025, reaching 24.76 billion rand ($1.5 billion).
Operations outside South Africa contributed 31% of...
The number of African billionaires rose to 23 in 2026, according to Forbes.
Their combined wealth jumped 21% over the past year to a...
The number of African billionaires rose to 23 in 2026, according to Forbes.
Their combined wealth jumped 21% over the past year to a...
IFC plans a $40 million loan to Nile Sugar, owned by Naguib Sawiris’s group.
Funds will support 5,760 hectares of sugar beet farming in Upper...
IFC plans a $40 million loan to Nile Sugar, owned by Naguib Sawiris’s group.
Funds will support 5,760 hectares of sugar beet farming in Upper...
South Africa launched a $500 million credit guarantee vehicle for infrastructure.
The mechanism aims to mobilize private capital without...
South Africa launched a $500 million credit guarantee vehicle for infrastructure.
The mechanism aims to mobilize private capital without...
FCMB Group has raised capital to meet the Central Bank of Nigeria’s new requirements.
The recapitalization combined a public share offer and a partial...
FCMB Group has raised capital to meet the Central Bank of Nigeria’s new requirements.
The recapitalization combined a public share offer and a partial...
IFC plans a guarantee facility of up to $50 million for Nairobi-based reinsurer ZEP-RE.
The mechanism aims to strengthen the company’s credit...
IFC plans a guarantee facility of up to $50 million for Nairobi-based reinsurer ZEP-RE.
The mechanism aims to strengthen the company’s credit...
Nearly 69% of biometric fraud targeting African fintechs now involves AI tools.
Criminal networks are shifting attacks from account creation to account...
Nearly 69% of biometric fraud targeting African fintechs now involves AI tools.
Criminal networks are shifting attacks from account creation to account...
An IMF delegation completed a 10-day mission in Libreville to review Gabon’s economic situation.
The institution welcomed recent reforms but urged...
An IMF delegation completed a 10-day mission in Libreville to review Gabon’s economic situation.
The institution welcomed recent reforms but urged...
BGFIBank Côte d’Ivoire increased its capital to CFA60 billion ($106 million).
The move follows a similar capital increase at BGFIBank Cameroon.
The...
BGFIBank Côte d’Ivoire increased its capital to CFA60 billion ($106 million).
The move follows a similar capital increase at BGFIBank Cameroon.
The...
Mechanism aims to attract private capital and reduce reliance on state guarantees
Power transmission projects prioritized to boost energy...
Mechanism aims to attract private capital and reduce reliance on state guarantees
Power transmission projects prioritized to boost energy...
Retail investors in Cameroon invested 25.9 billion CFA francs ($45.9 million) in government securities as of Jan. 31, 2026.
Retail participation...
Retail investors in Cameroon invested 25.9 billion CFA francs ($45.9 million) in government securities as of Jan. 31, 2026.
Retail participation...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presumptive tax framework.
Authorities exempt nano and small...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presumptive tax framework.
Authorities exempt nano and small...
The Ethiopian Securities Exchange has launched “Neway,” a web and mobile trading platform for investors.
The tool allows users to open accounts,...
The Ethiopian Securities Exchange has launched “Neway,” a web and mobile trading platform for investors.
The tool allows users to open accounts,...
Investment firm Phatisa has sold its majority stake in Zambia’s egg producer Goldenlay.
Belgian animal feed company Vanden Avenne acquired the...
Investment firm Phatisa has sold its majority stake in Zambia’s egg producer Goldenlay.
Belgian animal feed company Vanden Avenne acquired the...
Dangote Cement’s net profit rose 101% in 2025 to about $732 million.
Revenue increased 20% despite a slight decline in total cement sales...
Dangote Cement’s net profit rose 101% in 2025 to about $732 million.
Revenue increased 20% despite a slight decline in total cement sales...
Angola secures World Bank-backed debt swap to finance education system
Up to $400 million commercial debt to be refinanced on better...
Angola secures World Bank-backed debt swap to finance education system
Up to $400 million commercial debt to be refinanced on better...
IFC considering $15M loan to refinance Sheraton Nouakchott project
200-room hotel opened in phases October 2025 after pandemic...
IFC considering $15M loan to refinance Sheraton Nouakchott project
200-room hotel opened in phases October 2025 after pandemic...
IFC leads package with support from Proparco, BII, OPEC Fund
Programme could finance at least 1,500 SMEs over four years
Rawbank said on...
IFC leads package with support from Proparco, BII, OPEC Fund
Programme could finance at least 1,500 SMEs over four years
Rawbank said on...
The loan supports rice shipments from India, Thailand, and Vietnam to African countries where rice forms a dietary staple. (112 characters)
In...
The loan supports rice shipments from India, Thailand, and Vietnam to African countries where rice forms a dietary staple. (112 characters)
In...
Coris Holding appoints Herminalda Rodrigues CEO of Cape Verde’s BCA
Lionel Ouédraogo named deputy general manager overseeing finance and...
Coris Holding appoints Herminalda Rodrigues CEO of Cape Verde’s BCA
Lionel Ouédraogo named deputy general manager overseeing finance and...
Weego secured $1.1 million from the Azur Innovation Fund to expand its mobility platform.
The company plans to grow in several Moroccan cities...
Weego secured $1.1 million from the Azur Innovation Fund to expand its mobility platform.
The company plans to grow in several Moroccan cities...
Solidaire Banque signed a three-year partnership with Visa to expand electronic payments in the Democratic Republic of Congo.
The bank plans new debit...
Solidaire Banque signed a three-year partnership with Visa to expand electronic payments in the Democratic Republic of Congo.
The bank plans new debit...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16.
Inflation fell to -0.8% in the fourth quarter of 2025 after...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16.
Inflation fell to -0.8% in the fourth quarter of 2025 after...
Tamini General Insurance has launched operations as Uganda’s first Islamic insurer.
The company offers Takaful, a risk-sharing model aligned with...
Tamini General Insurance has launched operations as Uganda’s first Islamic insurer.
The company offers Takaful, a risk-sharing model aligned with...
Nigeria’s gross external reserves rose to $50.45 billion on Feb. 16, their highest level in 13 years.
The reserve stock covers 9.68 months of...
Nigeria’s gross external reserves rose to $50.45 billion on Feb. 16, their highest level in 13 years.
The reserve stock covers 9.68 months of...
Verdant Capital structured a $5 million equity placement for Polysmart Packaging Group.
The funds will expand food-grade recycled PET production...
Verdant Capital structured a $5 million equity placement for Polysmart Packaging Group.
The funds will expand food-grade recycled PET production...
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