Stanbic IBTC and Zenith Bank cut monthly card spending abroad to $500 and $200
Foreign reserves fall by $3.5 billion in six...
• Senegal raised $2.25 billion regionally in H1 2025 after IMF funding froze over $7 billion in hidden debt• Public debt hit 119% of GDP;...
• Senegal raised $2.25 billion regionally in H1 2025 after IMF funding froze over $7 billion in hidden debt• Public debt hit 119% of GDP;...
• Nigerian household debt reached a record \.7 billion in April 2025, 20.4% of GDP, surpassing corporate debt• Inflation (23%) and low incomes are...
• Nigerian household debt reached a record \.7 billion in April 2025, 20.4% of GDP, surpassing corporate debt• Inflation (23%) and low incomes are...
• The African Free Trade Area (AfCFTA) adjustment fund grants a $10 million loan to Telecel Global Services to boost digital connectivity and...
• The African Free Trade Area (AfCFTA) adjustment fund grants a $10 million loan to Telecel Global Services to boost digital connectivity and...
Zenith Bank is in advanced talks to acquire a tier-two bank in Kenya.
The Central Bank of Kenya has raised capital requirements, triggering market...
Zenith Bank is in advanced talks to acquire a tier-two bank in Kenya.
The Central Bank of Kenya has raised capital requirements, triggering market...
• DPI acquires minority stake in Egypt’s largest private hospital group• Funds to support expansion across Egypt and key Gulf countries• Investment among...
• DPI acquires minority stake in Egypt’s largest private hospital group• Funds to support expansion across Egypt and key Gulf countries• Investment among...
WAEMU states collectively raised nearly 7,000 billion CFA francs in the first half of 2025, a record amount driven by increased financing needs, the...
WAEMU states collectively raised nearly 7,000 billion CFA francs in the first half of 2025, a record amount driven by increased financing needs, the...
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its main policy rate to 3.25% following a sharp drop in...
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its main policy rate to 3.25% following a sharp drop in...
• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 million to $1 billion in annual market...
• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 million to $1 billion in annual market...
Sixty-five percent of banks in sub-Saharan Africa view cyber risks as a major hurdle to digitalization, according to the European Investment Bank. In...
Sixty-five percent of banks in sub-Saharan Africa view cyber risks as a major hurdle to digitalization, according to the European Investment Bank. In...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might seek to address rating concerns • April 2026 allows...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might seek to address rating concerns • April 2026 allows...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector could grow to $20 bln annually and create 20 mln...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector could grow to $20 bln annually and create 20 mln...
• BRICS plans a guarantee fund to reduce political and financial risks in developing countries.• The fund will be managed by the New Development Bank...
• BRICS plans a guarantee fund to reduce political and financial risks in developing countries.• The fund will be managed by the New Development Bank...
BEAC granted Afreximbank the first-ever foreign access to the CEMAC public securities market.
Cameroon raised $359.3 million via a...
BEAC granted Afreximbank the first-ever foreign access to the CEMAC public securities market.
Cameroon raised $359.3 million via a...
(EBID) - The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) held its 92nd Ordinary Session on June 30, 2025. The Board...
(EBID) - The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) held its 92nd Ordinary Session on June 30, 2025. The Board...
93.6% of industry players expect strong or moderate growth for African data centers
Investment intentions remain high, with 77.4% likely to inject...
93.6% of industry players expect strong or moderate growth for African data centers
Investment intentions remain high, with 77.4% likely to inject...
• Mercedes Trucks signs agreement with Senegal to build a truck and commercial vehicle assembly plant.• The project will create hundreds of jobs...
• Mercedes Trucks signs agreement with Senegal to build a truck and commercial vehicle assembly plant.• The project will create hundreds of jobs...
• Fily Sissoko will oversee a $8.5 billion World Bank portfolio spanning Mozambique, Madagascar, Mauritius, Comoros, and Seychelles.• His mission...
• Fily Sissoko will oversee a $8.5 billion World Bank portfolio spanning Mozambique, Madagascar, Mauritius, Comoros, and Seychelles.• His mission...
(AfDB)-The Board of Directors of the African Development Bank Group has approved a ZAR 2.5 billion (approximately $139 million) corporate loan to...
(AfDB)-The Board of Directors of the African Development Bank Group has approved a ZAR 2.5 billion (approximately $139 million) corporate loan to...
• Bassirou Diomaye Faye denounces credit rating agencies’ methodologies as ill-suited to African contexts.• Senegal urges reforms to enable fairer...
• Bassirou Diomaye Faye denounces credit rating agencies’ methodologies as ill-suited to African contexts.• Senegal urges reforms to enable fairer...
New card enables African payments without using US or European networks
Aims to lower costs, protect financial data, and boost intra-African...
New card enables African payments without using US or European networks
Aims to lower costs, protect financial data, and boost intra-African...
• Africa has $4 trillion in unexploited resources to finance its own development• Lack of structured, safe channels keeps these funds from...
• Africa has $4 trillion in unexploited resources to finance its own development• Lack of structured, safe channels keeps these funds from...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société Générale Burkina Faso (SGBF).•The move is part of...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société Générale Burkina Faso (SGBF).•The move is part of...
• Gabon signs two major financing agreements with Afreximbank totaling over $3.2 billion.• Projects target mining sector transformation, expanded...
• Gabon signs two major financing agreements with Afreximbank totaling over $3.2 billion.• Projects target mining sector transformation, expanded...
(AfDB) - The African Development Bank and the Asian Infrastructure Investment Bank (AIIB) have signed an agreement strengthening their collaboration on...
(AfDB) - The African Development Bank and the Asian Infrastructure Investment Bank (AIIB) have signed an agreement strengthening their collaboration on...
• Afreximbank to mobilize up to $1.5 billion for Chad’s private sector development.• Agreement supports key sectors, including agropastoral...
• Afreximbank to mobilize up to $1.5 billion for Chad’s private sector development.• Agreement supports key sectors, including agropastoral...
(WAVE) - Wave Mobile Money, Africa’s fastest-growing mobile money platform, has raised EUR 117 million in debt financing to advance its mission of...
(WAVE) - Wave Mobile Money, Africa’s fastest-growing mobile money platform, has raised EUR 117 million in debt financing to advance its mission of...
Foreign banks can now apply for licenses to operate in Ethiopia
New law allows foreign stakes in local banks, capped at 49%
Reform is part of...
Foreign banks can now apply for licenses to operate in Ethiopia
New law allows foreign stakes in local banks, capped at 49%
Reform is part of...
• The reason behind this adjustment has not been detailed• Investor will be looking forward the operation’s prospectus• The IPO would occur amid business...
• The reason behind this adjustment has not been detailed• Investor will be looking forward the operation’s prospectus• The IPO would occur amid business...
• Africa’s total trade rose by 13.9% to $1.5 trillion after shrinking in 2023• Intra-African trade grew by 12.4%, driven by the African Continental...
• Africa’s total trade rose by 13.9% to $1.5 trillion after shrinking in 2023• Intra-African trade grew by 12.4%, driven by the African Continental...
• Burkina Faso to tax interest on new WAEMU bonds from Aug 1, 2025, excluding its own.• Ends unregulated tax exemption causing state revenue...
• Burkina Faso to tax interest on new WAEMU bonds from Aug 1, 2025, excluding its own.• Ends unregulated tax exemption causing state revenue...
• Gabon raises CFA119.91 billion via a multi-tranche bond issued on the Bvmac.• Investors now show renewed confidence amid post-election stability.• Funds...
• Gabon raises CFA119.91 billion via a multi-tranche bond issued on the Bvmac.• Investors now show renewed confidence amid post-election stability.• Funds...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising child deaths due to foreign aid cuts.• Funding comes as...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising child deaths due to foreign aid cuts.• Funding comes as...
AFC secured a €250 million, 10-year loan from Italy’s CDP, 80% guaranteed by SACE, for infrastructure projects in Africa.
Funds will support...
AFC secured a €250 million, 10-year loan from Italy’s CDP, 80% guaranteed by SACE, for infrastructure projects in Africa.
Funds will support...
The International Finance Corporation (IFC) has issued a $2 billion global bond to support businesses in emerging markets.
The five-year bond...
The International Finance Corporation (IFC) has issued a $2 billion global bond to support businesses in emerging markets.
The five-year bond...
A transparent methodology is expected to reshape Africa’s risk profile
Confidence grows as the pan-African agency project...
A transparent methodology is expected to reshape Africa’s risk profile
Confidence grows as the pan-African agency project...
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