African banking revenue surpasses $100 billion, with strong profitability
Growth driven more by favorable conditions than operational...
Unilever Nigeria hit a decade-high profit in 2025, with its net income doubling to reach $21.2 million, or 214.3 billion naira
Nearly 60% of...
Unilever Nigeria hit a decade-high profit in 2025, with its net income doubling to reach $21.2 million, or 214.3 billion naira
Nearly 60% of...
CEMAC member states plan to raise between $2.9 billion and $3.1 billion in Q2 2026.
The issuance target rises by 67% to 80% compared...
CEMAC member states plan to raise between $2.9 billion and $3.1 billion in Q2 2026.
The issuance target rises by 67% to 80% compared...
S&P keeps Morocco at BBB-, but the Hormuz closure blocks vital sulfur for OCP fertilizer. Budget risks rise as oil hits $120
OCP revenue...
S&P keeps Morocco at BBB-, but the Hormuz closure blocks vital sulfur for OCP fertilizer. Budget risks rise as oil hits $120
OCP revenue...
BOAD approves CFA30 billion refinancing for Coris Bank units
Funds to support lending, energy projects, and food security in Burkina Faso
Move...
BOAD approves CFA30 billion refinancing for Coris Bank units
Funds to support lending, energy projects, and food security in Burkina Faso
Move...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights into African startups to bridge the funding...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights into African startups to bridge the funding...
Weeks after cutting ties with Fitch following its downgrade to speculative grade, the African Export-Import Bank raised a record amount on the syndicated...
Weeks after cutting ties with Fitch following its downgrade to speculative grade, the African Export-Import Bank raised a record amount on the syndicated...
Vista gains approval to acquire majority stake in Chad’s BAC
Deal marks Vista’s expansion into Central African banking market
Acquisition targets low...
Vista gains approval to acquire majority stake in Chad’s BAC
Deal marks Vista’s expansion into Central African banking market
Acquisition targets low...
Guinea injects funds into banks to ease cash shortages
Shortages persist due to hoarding and weak cash circulation
Central bank pushes digital...
Guinea injects funds into banks to ease cash shortages
Shortages persist due to hoarding and weak cash circulation
Central bank pushes digital...
Casablanca Finance City becomes Africa’s top financial centre
GFCI ranking shows shifting competitiveness among African financial hubs
Index combines...
Casablanca Finance City becomes Africa’s top financial centre
GFCI ranking shows shifting competitiveness among African financial hubs
Index combines...
Senegal mobilized 304.15 billion CFA francs ($533 million), exceeding its CFA200 billion target.
The offering attracted strong demand with a 152%...
Senegal mobilized 304.15 billion CFA francs ($533 million), exceeding its CFA200 billion target.
The offering attracted strong demand with a 152%...
West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030.
The strategy relies on borrowing, securitization,...
West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030.
The strategy relies on borrowing, securitization,...
S&P cuts Senegal’s local currency rating to CCC+/C and assigns a negative outlook.
The country faces financing needs estimated at 26% of GDP in...
S&P cuts Senegal’s local currency rating to CCC+/C and assigns a negative outlook.
The country faces financing needs estimated at 26% of GDP in...
CAR outlines $8.9 million recovery plan for troubled CMCA
Plan includes recapitalization, reforms to restore stability, rebuild...
CAR outlines $8.9 million recovery plan for troubled CMCA
Plan includes recapitalization, reforms to restore stability, rebuild...
32 Nigerian banks meet capital requirements ahead of March 31, 2026 deadline
Banks raise 4.61 trillion naira, with 27% from foreign...
32 Nigerian banks meet capital requirements ahead of March 31, 2026 deadline
Banks raise 4.61 trillion naira, with 27% from foreign...
Visa says premium cards already widely adopted in Senegal
Training aims to help banks better target and serve high-end clients
Strategy focuses on...
Visa says premium cards already widely adopted in Senegal
Training aims to help banks better target and serve high-end clients
Strategy focuses on...
71% of consumers say lending rates remain non-competitive across African markets.
Over 54% of respondents cite a lack of transparency on interest...
71% of consumers say lending rates remain non-competitive across African markets.
Over 54% of respondents cite a lack of transparency on interest...
Lomé hosts conference on expanding insurance access for low-income groups
Stakeholders discuss microinsurance solutions for informal and rural...
Lomé hosts conference on expanding insurance access for low-income groups
Stakeholders discuss microinsurance solutions for informal and rural...
Cosumaf grants brokerage licenses to three firms, including Smart Capital
Move aims to expand participation in Cemac regional financial market
Smart...
Cosumaf grants brokerage licenses to three firms, including Smart Capital
Move aims to expand participation in Cemac regional financial market
Smart...
IFC considers €13 million loan to Mali’s Société Diarra Négoce
Funds to build grain mill, storage, solar plant near Bamako
Project targets rising...
IFC considers €13 million loan to Mali’s Société Diarra Négoce
Funds to build grain mill, storage, solar plant near Bamako
Project targets rising...
Gabon allocates $6.9 million to acquire 35% stake in ABG
Move aims to stabilize firm and protect 800 jobs
Company faced cash issues,...
Gabon allocates $6.9 million to acquire 35% stake in ABG
Move aims to stabilize firm and protect 800 jobs
Company faced cash issues,...
Fraud rate drops 28% to 2.6% across African crypto markets in 2025
Faster identity checks and stronger compliance drive...
Fraud rate drops 28% to 2.6% across African crypto markets in 2025
Faster identity checks and stronger compliance drive...
$20 million loan to support lending to small businesses
At least 25% of funds allocated to women-led enterprises
Financing aims to ease major...
$20 million loan to support lending to small businesses
At least 25% of funds allocated to women-led enterprises
Financing aims to ease major...
Ci Gaba VC Limited secures $34.9 million in its first close, targeting a final $90 million (1 billion GHS).
The fund-of-funds invests in...
Ci Gaba VC Limited secures $34.9 million in its first close, targeting a final $90 million (1 billion GHS).
The fund-of-funds invests in...
Cameroon, Congo, and Gabon seek new IMF programs after previous ones expired
Regional bloc commits to sustaining reforms and rebuilding...
Cameroon, Congo, and Gabon seek new IMF programs after previous ones expired
Regional bloc commits to sustaining reforms and rebuilding...
Program has supported about 50 women-led businesses since 2023
Nearly CFA7 billion mobilized combining financing and technical support
New cohort of...
Program has supported about 50 women-led businesses since 2023
Nearly CFA7 billion mobilized combining financing and technical support
New cohort of...
Proparco and RMBV take minority stake through $91 million capital increase
Funds to support industrial expansion and West Africa growth
Group...
Proparco and RMBV take minority stake through $91 million capital increase
Funds to support industrial expansion and West Africa growth
Group...
Visa trains banks and fintechs in Dakar through intensive program
Initiative combines technical expertise with real-world case studies
Group...
Visa trains banks and fintechs in Dakar through intensive program
Initiative combines technical expertise with real-world case studies
Group...
Net profit drops 14% to CFA19.25 billion in 2025
Cost of risk nearly doubles, cutting operating income
Bank shifts toward more liquid assets amid...
Net profit drops 14% to CFA19.25 billion in 2025
Cost of risk nearly doubles, cutting operating income
Bank shifts toward more liquid assets amid...
The Central Bank of Nigeria requires money transfer operators to open naira settlement accounts locally from May 1.
Authorities aim to improve...
The Central Bank of Nigeria requires money transfer operators to open naira settlement accounts locally from May 1.
Authorities aim to improve...
South Africa’s Happy Pay raises $5 million to expand BNPL services
Funds to boost partnerships, technology, and fraud prevention...
South Africa’s Happy Pay raises $5 million to expand BNPL services
Funds to boost partnerships, technology, and fraud prevention...
Boston Consulting Group estimates Africa’s creative exports could reach $140–150 billion by 2030.
The sector currently generates $59...
Boston Consulting Group estimates Africa’s creative exports could reach $140–150 billion by 2030.
The sector currently generates $59...
Ivory Coast outlined eight budget priorities focused on reforms, performance, and revenue mobilization.
Authorities aim to complete the IMF-backed...
Ivory Coast outlined eight budget priorities focused on reforms, performance, and revenue mobilization.
Authorities aim to complete the IMF-backed...
(SOUTHBRIDGE) - SouthBridge Investments announced its selection, for the second time, as an Emerging Impact Manager (EIM) in the ImpactAssets 50® (IA 50)...
(SOUTHBRIDGE) - SouthBridge Investments announced its selection, for the second time, as an Emerging Impact Manager (EIM) in the ImpactAssets 50® (IA 50)...
Littlefish raised $9.5 million in a Series A round led by Partech Partners.
The startup plans to expand into more than 10 African markets,...
Littlefish raised $9.5 million in a Series A round led by Partech Partners.
The startup plans to expand into more than 10 African markets,...
The European Investment Bank and Bank of Industry signed €135 million ($156.3 million) in loans targeting healthcare manufacturing and...
The European Investment Bank and Bank of Industry signed €135 million ($156.3 million) in loans targeting healthcare manufacturing and...
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