The BCEAO said it will keep taking the necessary steps to maintain monetary and financial stability in WAEMU while also supporting economic growth....
Nigeria's Central Bank (CBN) has decided to take action to address the cash shortage at ATMs. Starting on December 1, commercial banks failing to supply...
Nigeria's Central Bank (CBN) has decided to take action to address the cash shortage at ATMs. Starting on December 1, commercial banks failing to supply...
Foreign direct investment (FDI) flows into Nigeria have significantly increased since President Tinubu eased currency controls and implemented other...
Foreign direct investment (FDI) flows into Nigeria have significantly increased since President Tinubu eased currency controls and implemented other...
Fitch indicates that improving the bank's rating would require lowering its exposure to sovereign bonds from the Sahel, diversifying its assets, and...
Fitch indicates that improving the bank's rating would require lowering its exposure to sovereign bonds from the Sahel, diversifying its assets, and...
This compensation is part of Zimbabwe's efforts to rebuild trust with investors and start fresh negotiations with creditors, supported by the African...
This compensation is part of Zimbabwe's efforts to rebuild trust with investors and start fresh negotiations with creditors, supported by the African...
The transaction, which includes several entities active in insurance, specialized financing, leasing, asset management, and brokerage, marks a strong...
The transaction, which includes several entities active in insurance, specialized financing, leasing, asset management, and brokerage, marks a strong...
Despite double-digit growth in the volume and value of transactions processed over the past five years, none of the 31 active instant payment systems on...
Despite double-digit growth in the volume and value of transactions processed over the past five years, none of the 31 active instant payment systems on...
At COP29, developing countries are pushing to negotiate a deal that would secure $1 trillion in annual funding to fight climate change. However,...
At COP29, developing countries are pushing to negotiate a deal that would secure $1 trillion in annual funding to fight climate change. However,...
The decline in African billionaires' wealth is mainly due to global trade disruptions affecting resource-rich countries, rising interest rates, power...
The decline in African billionaires' wealth is mainly due to global trade disruptions affecting resource-rich countries, rising interest rates, power...
As highlighted by the World Bank, Benin is grappling with major socio-economic challenges despite progress in reducing poverty and improving human...
As highlighted by the World Bank, Benin is grappling with major socio-economic challenges despite progress in reducing poverty and improving human...
The Ivorian government plans to allocate CFA4,121 billion ($6.63 billion), or 26% of total spending, to servicing and repaying its debt in the 2025...
The Ivorian government plans to allocate CFA4,121 billion ($6.63 billion), or 26% of total spending, to servicing and repaying its debt in the 2025...
Rawbank, the DRC's leading bank, announces a historic $2 million investment in two Improved Cookstoves projects in partnership with Vitol, aimed at...
Rawbank, the DRC's leading bank, announces a historic $2 million investment in two Improved Cookstoves projects in partnership with Vitol, aimed at...
The report highlights that debt financing has become a strong alternative for startups across the continent, as venture capital players proceed cautiously...
The report highlights that debt financing has become a strong alternative for startups across the continent, as venture capital players proceed cautiously...
Microfinance has become essential for giving unbanked people access to financial services. However, the rise in unpaid loans is threatening the stability...
Microfinance has become essential for giving unbanked people access to financial services. However, the rise in unpaid loans is threatening the stability...
The Emerging Africa & Asia Infrastructure Fund (EAAIF) and the Dutch entrepreneurial development bank (FMO) acting as Co-Mandated Lead Arrangers,...
The Emerging Africa & Asia Infrastructure Fund (EAAIF) and the Dutch entrepreneurial development bank (FMO) acting as Co-Mandated Lead Arrangers,...
While renewable energy has become the top choice for unlisted investments, more work is needed to remove financial and structural barriers. Analysts say...
While renewable energy has become the top choice for unlisted investments, more work is needed to remove financial and structural barriers. Analysts say...
Under pressure to meet African governments' funding needs, banks are increasingly turning to public debt. This trend, known as the "crowding-out effect,"...
Under pressure to meet African governments' funding needs, banks are increasingly turning to public debt. This trend, known as the "crowding-out effect,"...
Tunisia’s government is planning a state budget of over $25 billion for 2025, with an economic growth target of 3.2%. The forecast relies on an...
Tunisia’s government is planning a state budget of over $25 billion for 2025, with an economic growth target of 3.2%. The forecast relies on an...
Private equity struggles persist as investors focus on smaller deals and debt financing, awaiting brighter prospects in Africa and beyond.
Private equity...
Private equity struggles persist as investors focus on smaller deals and debt financing, awaiting brighter prospects in Africa and beyond.
Private equity...
To meet Africa's energy and climate goals by 2030, the IEA estimates that over $200 billion in yearly investments will be needed to address the...
To meet Africa's energy and climate goals by 2030, the IEA estimates that over $200 billion in yearly investments will be needed to address the...
Even though venture capital investments have slowed in Africa, sectors like fintech and renewable energy continue to draw significant funding. However,...
Even though venture capital investments have slowed in Africa, sectors like fintech and renewable energy continue to draw significant funding. However,...
Despite challenges related to the economic climate, the International Bank for Trade and Industry of Côte d'Ivoire (BICICI) expects to maintain positive...
Despite challenges related to the economic climate, the International Bank for Trade and Industry of Côte d'Ivoire (BICICI) expects to maintain positive...
The operation, fully subscribed by the American bank JP Morgan, aims to meet the financing needs of the 2024 budget following the suspension of...
The operation, fully subscribed by the American bank JP Morgan, aims to meet the financing needs of the 2024 budget following the suspension of...
The World Bank's private arm supported 130 projects in 45 countries with a record $14.2 billion to assist local entrepreneurs who often face...
The World Bank's private arm supported 130 projects in 45 countries with a record $14.2 billion to assist local entrepreneurs who often face...
Pan-African bank group Ecobank reported an 8% rise in net profit for Q3 2024, reaching $340.5 million. This growth was largely driven by an 18%...
Pan-African bank group Ecobank reported an 8% rise in net profit for Q3 2024, reaching $340.5 million. This growth was largely driven by an 18%...
During the All Africa Business Leaders Awards ceremony organised by CNBC Africa and Forbes Africa on October 24 in Johannesburg, Benin Cashew SA, a...
During the All Africa Business Leaders Awards ceremony organised by CNBC Africa and Forbes Africa on October 24 in Johannesburg, Benin Cashew SA, a...
King Mohammed VI of Morocco and French President Emmanuel Macron oversaw the signing of 22 new agreements Monday in Rabat, marking a deepened economic...
King Mohammed VI of Morocco and French President Emmanuel Macron oversaw the signing of 22 new agreements Monday in Rabat, marking a deepened economic...
Nestlé Côte d'Ivoire recovers from last year's losses. Fueled by increased local sales and exports, the multinational is returning to growth, despite a...
Nestlé Côte d'Ivoire recovers from last year's losses. Fueled by increased local sales and exports, the multinational is returning to growth, despite a...
The package includes $25 billion in direct investments from private companies, along with funding for startups and loans.
Saudi Arabia announced...
The package includes $25 billion in direct investments from private companies, along with funding for startups and loans.
Saudi Arabia announced...
Although Senegal is going through a period of financial turbulence, the government’s transparency and responsiveness could prove crucial in restoring the...
Although Senegal is going through a period of financial turbulence, the government’s transparency and responsiveness could prove crucial in restoring the...
Rawbank, the leading bank in the Democratic Republic of Congo (DRC), has been named "Best Bank in Africa 2024" by Global Finance magazine at the Best Bank...
Rawbank, the leading bank in the Democratic Republic of Congo (DRC), has been named "Best Bank in Africa 2024" by Global Finance magazine at the Best Bank...
Countries on the FATF’s gray list face increased scrutiny and must ramp up efforts to counter money laundering and terrorism financing, as required by the...
Countries on the FATF’s gray list face increased scrutiny and must ramp up efforts to counter money laundering and terrorism financing, as required by the...
The operation will involve two bonds with 5- and 8-year maturities, offering fixed rates of 6.50% and 6.80%, to fund public projects. Burkina Faso's...
The operation will involve two bonds with 5- and 8-year maturities, offering fixed rates of 6.50% and 6.80%, to fund public projects. Burkina Faso's...
The international agency explains this rating by the improvements in the economic environment in WAEMU, even though political tensions continue in Niger,...
The international agency explains this rating by the improvements in the economic environment in WAEMU, even though political tensions continue in Niger,...
The report highlights that this record is nearly four times below the continent's needs, which are projected to reach around $190 billion annually...
The report highlights that this record is nearly four times below the continent's needs, which are projected to reach around $190 billion annually...
The American rating agency cited the strength of Benin's economic and financial fundamentals to explain the revision of its outlook, despite the unstable...
The American rating agency cited the strength of Benin's economic and financial fundamentals to explain the revision of its outlook, despite the unstable...
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