News Finances
News Finances (339)
Wednesday 24 September, 2025
Written by Ecofin Agency
• FCMB converted ₦23.1 billion ($15.5 million) in convertible debt into over 3.16 billion shares.• The move raises total shares…
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Wednesday 24 September, 2025
Written by Ecofin Agency
• China-Africa trade reached $222.05 billion between January and August 2025, up 15.4% year-on-year.• Chinese exports to Africa surged 24.7% to $140.79…
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Wednesday 24 September, 2025
Written by Ecofin Agency
• Diamond Trust Bank Kenya sells 83.67% stake in its Burundi subsidiary.• The sale aligns with DTB's strategy to refocus…
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Wednesday 24 September, 2025
Written by Ecofin Agency
• Safaricom’s M-PESA Fintech 2.0 upgrade lifts capacity to 6,000 transactions per second, scalable to 12,000, with AI fraud detection…
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Wednesday 24 September, 2025
Written by Ecofin Agency
Cameroon approved $298 million in loans to fund road, agro-industry, and energy projects. The IsDB will provide €163.7 million for a key…
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Tuesday 23 September, 2025
Written by Ecofin Agency
Paga Group expands to the U.S., offering digital banking services. The fintech targets the estimated 760,000-strong Nigerian diaspora. Paga aims…
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Tuesday 23 September, 2025
Written by Ecofin Agency
• Côte d’Ivoire sells 52.9% Versus Bank stake to Harvest Capital• Deal makes Harvest majority owner; CGRAE keeps 47.1% share•…
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Tuesday 23 September, 2025
Written by Ecofin Agency
Public debt reached 72.5% of GDP in 2024, above CEMAC’s 70% threshold. Expansionary spending and falling oil revenues drive debt…
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Monday 22 September, 2025
Written by Ecofin Agency
• Mauritius central bank governor Rama Sithanen to resign after PM request• Resignation follows deputy’s exit, allegations of family interference•…
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Monday 22 September, 2025
Written by Ecofin Agency
Egyptian billionaire Nassef Sawiris eyes up to $50 billion in U.S. infrastructure over the next decade. Orascom Construction and its U.S.…
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Monday 22 September, 2025
Written by Ecofin Agency
Senegal has adopted a new investment code to enhance its economic attractiveness. The code introduces simplified digital procedures, reduced processing…
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Monday 22 September, 2025
Written by Ecofin Agency
Angola weighs extending $1B JPMorgan swap deal expiring in 2025 Oil price drop triggered $200M margin call; debt nears 60% GDP IMF…
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Monday 22 September, 2025
Written by Ecofin Agency
BEAC cuts liquidity to 550B CFA as Demand was stalling but banks sought record 638.5B Demand surge follows March interest…
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Sunday 21 September, 2025
Written by Ecofin Agency
UBA fraud losses drop 45% despite more attempts in 2025 Electronic fraud down 57%; forged checks still fully successful Profit…
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