The injection, funded through GTCO’s two-phased equity capital raising programme approved in 2024, increases GTBank’s share capital from ₦138.2bn ($90.1m) to ₦504.0bn ($328.8m) — surpassing the CBN’s ₦500bn ($326.2m) threshold.| Finance in Africa
Japan Credit Rating Agency has affirmed Afreximbank’s A- rating with a stable outlook, crediting its trade-finance role, amid ratings downgrade by Fitch and Moody's.| Finance in Africa
Moody's has described Nedbank Group Limited’s planned divestment of its 21.2% stake in Ecobank Transnational Incorporated (ETI) as credit positive, saying the move will allow the South African lender to sharpen its focus on more profitable markets.| Finance in Africa
Access Holdings Plc, Nigeria’s largest banking group by assets, saw its share price extend a two-day losing streak on Thursday after the appointment of Innocent Ike as Group Managing Director/CEO.| Finance in Africa
As of the second quarter of 2025, unemployment in Egypt stood at 6.1%, down from 6.3% in Q1. The labour force expanded to about 33.6 million workers, with 223,000 new entrants recorded, according to the Central Agency for Public Mobilization and Statistics (CAPMAS)| Finance in Africa
Access Holdings, Nigeria's largest banking group by assets, has appointed Innocent Ike as new Group Managing Director and Chief Executive Officer, terminating Bolaji Agbede's 18-month tenure.| Finance in Africa
South Africa Capitec overtakes FirstRand Bank to become Africa's most valuable bank, helped by a mix of share rally, asset returns, and appointment of CEO Lee| Finance in Africa
The Central Bank of Kenya (CBK) has introduced a new framework that will overhaul how commercial banks price loans, in a bid to strengthen monetary policy and end opaque lending practices.| Finance in Africa