Net profit jumped to $376 million as revenue rose 25.8% to $2.98 billion. Data overtook voice as the top revenue source, up 37% to $1.16 billion. Airtel Money revenue climbed 30% to $623 million ahead of its 2026 IPO. Airtel Africa delivered a strong performance in the first half of the 2025–2026 fiscal year. The telecom group, active in 14 African countries,...

Moniepoint shows that building financial infrastructure, not chasing app users, can attract serious long-term investors like Swedfund. Nigeria’s POS payments grew to ₦19.5 trillion in 2024 (average $13.3 Billion), underscoring Moniepoint's essential role in everyday business across the country. Swedfund’s $10 million stake proves DFIs now back sustainable fintechs that...

The government seeks to restore vanilla as a key export through a national strategy. Prices have plunged over 80% since 2019, hurting producers and exporters. New measures include debt relief, market diversification, and an IGP label. The Union of the Comoros is seeking to reestablish vanilla as its main export product. To achieve this, the government organized National...

Ecobank posted a net profit of $454.5 million, up 34% year-on-year. Revenue rose 18% to $1.75 billion, driven by growth in all business lines. The group’s balance sheet expanded 22% to $32.4 billion. As of September 2025, pan-African banking group Ecobank Transnational Incorporated (ETI) reported a pre-tax profit of $656.6 million, up 33% from a year earlier,...

Egypt's ICT Minister met with FPT Software, Viettel Group, Samsung Electronics Vietnam, and VNPT to explore digital partnerships. Discussions focused on semiconductors, electronics manufacturing, IC design, 5G networks, and positioning Egypt as a regional ICT hub. Egypt signed the UN Convention against Cybercrime in Vietnam, showcasing national capabilities in digital forensics and...

Egypt’s Ministry of Environment signed a cooperation agreement with Italy’s Eni to study a biogas project using agricultural and livestock waste. The feasibility study covers a biodigestion plant designed to produce renewable energy and organic fertilizers. The project supports Egypt’s biogas rollout strategy and aligns with Eni’s goal to achieve net-zero emissions by...

Nigeria's Federal Inland Revenue Service (FIRS) imposed a new 10% withholding tax (WHT) on interest from short-term financial securities. The measure ends a decade-long exemption, effective immediately, aiming to widen the tax base and increase non-oil revenue. Analysts expect the new tax to slightly reduce net returns and potentially shift investor interest toward medium-term...

Vingroup signed a deal with the Kinshasa government for a 6,300-hectare urban project. The plan includes residential, commercial, and government zones near N’djili Airport. The agreement also covers electric transport systems led by VinFast and GSM. The Vietnamese conglomerate Vingroup announced on October 25 that it has signed a memorandum of understanding with the provincial government...

Senegal's Eurobonds declined Tuesday after Prime Minister Ousmane Sonko announced forthcoming cuts to electricity and fuel prices. The popular measure risks escalating fiscal tensions and surprised the IMF, which is currently on mission urging the gradual reduction of energy subsidies. The country's debt-to-GDP ratio exceeds 130%, complicating negotiations for a new IMF assistance program...

The training involved 289 teachers from kindergarten to high school. Less than 10% of teachers in Africa apply effective pedagogical practices, according to the World Bank. Eritrea increased its total number of teachers by 17% in preschool, 38% in primary, and 37% in secondary between 2019/21 and 2023/24. Eritrea seeks to improve teaching quality to support long-term economic...