Where the insurance company does not have an in-house actuary, it is to employ the services of an external actuarial firm to carry out its ALM responsibilities for a period of not more than 2 years.| Finance in Africa
Kenya’s industrial map is shifting. A growing number of manufacturers and logistics companies are abandoning Nairobi’s ageing Industrial Area for Tatu City — a $3 billion privately built Special Economic Zone (SEZ)| Finance in Africa
On August 5, 2025, President Bola Tinubu signed the Nigerian Insurance Industry Reform Bill into law, marking a significant overhaul of the sector in more than two decades.| Finance in Africa
Africa’s private capital markets deals rose sharply to $5bn in Q3 2025, buoyed by Canal+’s takeover of South Africa pay-TV MultiChoice Group.| Finance in Africa
Zambia’s debt talks with regional lenders Afreximbank and TDB have stalled, keeping the country in partial default.| Finance in Africa
The European Bank for Reconstruction and Development (EBRD) has formally approved Nigeria, Côte d’Ivoire, and Benin as recipient countries.| Finance in Africa
Nigerian and Egyptian lenders are the best performing banks in Africa when it comes to return on equity. Egypt’s CIB led and Nigeria's UBA and GTCO outshine bigger banks in South Africa and Kenya.| Finance in Africa
Between Q4 2022 and Q4 2024, liquidity in Nigeria’s banking sector fell by nearly $30bn, fuelling concerns about a potential squeeze.| Finance in Africa
Access Holdings reported a 23.3% decline in after tax profit to ₦215.9bn ($139.1m) in the first half of 2025, from ₦281.3bn ($187.2m) a year earlier, according to its half-year financial statement released on Friday.| Finance in Africa
Nigeria, South Africa, Mozambique and Burkina Faso have exited the FATF grey list, marking a breakthrough for Africa’s financial credibility and a reset in the continent’s risk premium.| Finance in Africa
Of the $382.3bn disbursed across the economy, oil took 35.7% — more than the combined allocations to five key non-oil sectors, according to data from the central bank| Finance in Africa
Figures from the Bank of Mozambique show reserves rose by 1.25% month-on-month from $3.99bn in July, covering more than three months of estimated import needs for goods and services.| Finance in Africa
Eyob Tekalign, the new governor of the National Bank of Ethiopia (NBE), said in an interview with Bloomberg on Wednesday that the public should expect a turnaround.| Finance in Africa
South Africa’s fintech market is projected to reach R337.7bn ($19.5bn) over the next five years, posing a growing threat to the country’s established banks, according to TransUnion’s latest South Africa Research Report.| Finance in Africa
The central banks also moved to ease monetary transmission and spur credit growth by lowering the Minimum Reserve Requirement on rupee-denominated deposits from 13% to 10%, effective October 8.| Finance in Africa
Across the continent, currency weakness has continued to shape inflation dynamics, import costs, and investor sentiment. For instance, a weaker naira increases import bills and inflationary pressures while signaling economic fragility and lower investor confidence.| Finance in Africa
The National Pension Commission (PenCom) in September announced that the new regulation applies to Nigerians living and working abroad, as well as employees of foreign companies and international organisations in Nigeria not covered by the Pension Reform Act (PRA) of 2014.| Finance in Africa
The move comes four months after Ethiopia officially opened its banking industry to foreign investors for the first time in nearly five decades, signaling a cautious but strategic liberalisation of the sector.| Finance in Africa
Nigeria’s debt office has refuted claims that the federal government paid $401.1 million to service its domestic U.S dollar-denominated bond.| Finance in Africa
Currency in circulation in Namibia rose to $305.9 million in 2024, a 6.9% increase from the $284 million in the previous year.| Finance in Africa
Egypt’s annual urban inflation slowed to 13.9% in July 2025 from 14.9% in June, offering a modest reprieve, amid contraction in non-oil private sector for the fifth consecutive time.| Finance in Africa
According to a new report on Monday, private equity investments in South Africa surged 66% in the first half of 2025 as higher commodity prices and global market volatility spurred investor appetite for Africa’s most industrialized economy.| Finance in Africa
Angola has become a sovereign shareholder in Africa Finance Corporation following an equity investment of $184.8 million.| Finance in Africa
Top Asset management companies in Nigeria (2025 ranking & performance)| Finance in Africa
Explore Nigeria’s leading halal mutual funds, from equity and sukuk to ETFs. Compare performance and Shariah compliance for ethical investing| Finance in Africa
Discover Nigeria’s leading insurance companies, including AIICO, AXA, Leadway, and others, ranked for strength, innovation, and reliability.| Finance in Africa
Discover Nigeria’s top-performing mutual funds of 2025, based on yields from Paramount, GT Equity Income, ESG Impact, ARM Halal, and more. Get insights to boost your investing.| Finance in Africa
Discover Nigeria’s top money market funds in 2025, see the latest yield leaders, and find out which offers the best return.| Finance in Africa
South Africa’s central bank has cut its benchmark interest rate by 25 basis points to 7.25%, its lowest level in more than two years.| Finance in Africa
Namibia’s foreign reserves rose to $3.3 billion by the end of December 2024, reflecting an 18.4 % increase compared to the previous year.| Finance in Africa
Liquid assets in Namibia's banking sector rose by 20.2 % to $1.9 billion, up from $1.4 billion in the previous year.| Finance in Africa
This guide will show you the benefits of Sukuk bonds in Nigeria for risk-free, tax-exempt investment opportunities to enhance your financial portfolio.| Finance in Africa
Nigeria returns to Eurobond market with $2.3bn offer| Finance in Africa
Nigeria is preparing to return to the Eurobond market before the end of 2025, seeking to raise up to $2.3 billion as global funding conditions improve| Finance in Africa
Kenya’s Capital Markets Authority (CMA) has approved the establishment of new collective investment schemes and 10 sub-funds.| Finance in Africa
Optasia, a global provider of AI-driven financial technology, has announced plans to list on the Prime Segment of the Johannesburg Stock Exchange (JSE) Main Board, amid capital raise moves.| Finance in Africa
The Washington-based lender noted that despite recent fiscal slippages, bold corrective steps by the new administration have kept programme goals within reach, buoyed by strong export earnings, rising reserves and renewed commitments to fiscal discipline.| Finance in Africa
The country’s new gold regulator has also suspended the trading licences of all foreign traders, effective immediately, as it moves to centralise control of artisanal gold exports.| Finance in Africa
The Gold-for-Oil program was introduced in 2022 to reduce Ghana's dependence on the dollar as FX to purchase oil for international suppliers.| Finance in Africa
Abyssinia’s registration increases the number of lenders to two, with the intent to establish in its investment market in Ethiopia’s liberalised financial sector.| Finance in Africa
Despite the apparent drop in headline inflation, Nigerians continue to face high costs of essentials amid ongoing economic challenges.| Finance in Africa
Nigeria’s central bank has held its benchmark interest rate at 27.5%, as it weighed slowing inflation against lingering economic pressures.| Finance in Africa
Nigeria is set to receive a $500 million loan from the African Development Bank (AfDB) to support its ongoing economic reforms.| Finance in Africa
Kenya is set to launch a sovereign wealth fund and an infrastructure fund, as the government looks to finance key sectors through asset sales.| Finance in Africa
Malawi’s newly elected president, Peter Mutharika, has reappointed Joseph Mwanamvekha as finance minister, according to an official statement.| Finance in Africa
Notably, digital banking charges made up the largest portion of earnings from fees and commissions for most of the reviewed banks.| Finance in Africa
Kenya cuts rates again despite mounting price pressures | Finance in Africa
Muhammad Sanusi II, Emir of Kano and former central-bank governor, warns that Nigeria’s early monetary loosening risks reigniting inflation and undoing recent gains in economic stability.| Finance in Africa
Kenya’s central bank has lowered its benchmark lending rate for the eighth consecutive time, trimming it by 25 basis points to 9.25%.| Finance in Africa
The Central Bank of Kenya (CBK) has unveiled draft regulations requiring all credit guarantee firms operating in the country to hold a minimum core capital of KES 1 billion ($7.86 million).| Finance in Africa
The central bank has indicated it could lower its benchmark rate if inflationary pressures persist in easing.| Finance in Africa
Ghana’s former Minister of Finance, Ken Ofori-Atta, has once again been declared wanted after failing to appear for questioning on Monday.| Finance in Africa
Ethiopia's Central Bank has raised the banking sector credit cap to 24%, despite plans to fully lift the Cap as planned in September, amid falling inflation.| Finance in Africa
Egypt’s annual inflation slowed for the fourth straight month in September, falling to 11.7% from 12% in August, according to CAPMAS .| Finance in Africa
Kenya’s inflation accelerated in August to 4.5% from 4.1% in July, hitting a 14-month high after the CBK delivered its seventh consecutive rate cut.| Finance in Africa
The escalating conflict between Israel and Iran is sending tremors through global energy markets, with Nigeria caught in the crosscurrents.| Finance in Africa
Among African countries hit by Trump’s tariff overhaul, Kenya fared relatively well, receiving the baseline 10% rate—offering it some breathing space amid broader trade disruptions.| Finance in Africa
Angola’s oil-tied debt exposure to China dropped from $10.2 billion at the end of December 2024 to $8.9 billion in June, official data has revealed.| Finance in Africa
Since President Bola Tinubu took office in May 2023, Nigeria has scrapped eight tax measures spanning telecoms to plastics.| Finance in Africa
Kenya’s private sector activity rebounded in September, with business conditions improving for the first time since April as rising demand rose.| Finance in Africa
Egypt has lowered its overnight deposit rate for the fourth consecutive time this year to 21%, marking the lowest level since August 2023.| Finance in Africa
The Nairobi Securities Exchange (NSE) has unveiled a Banking Sector Index to give investors a sharper view of Kenya’s largest and most liquid sector, with a cumulative total asset of KSh 7.9trn ($60bn).| Finance in Africa
Family Bank Kenya is set to debut on the Nairobi Securities Exchange, breaking a long drought of new listings on the bourse, buoyed by its strong earnings performance.| Finance in Africa
Business activity in Nigeria slipped to a three-month low, despite easing inflation supported by relative exchange-rate stability and seasonal factors.| Finance in Africa
Explore Nigeria’s Oronsaye Report (2012–2025): key reforms, challenges, and its impact on public service restructuring and governance.| Finance in Africa
Ghana’s annual consumer inflation slowed for the ninth consecutive month in September, easing to 9.4% from 11.5% in August.| Finance in Africa
Nedbank Group, South Africa’s fourth-largest bank by assets, has begun formal steps to sell its 21.2% stake in Ecobank Transnational Incorporated (ETI).| Finance in Africa
On Tuesday, Kenya's central bank cut its benchmark lending rate to 9.50%, the lowest since May 2023, to boost growth as inflation rises to 4.1% and business activity contracts further.| 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
Nigeria-born fintech LemFi has acquired UK-based credit card issuer Pillar, marking a strategic pivot from cross-border remittances into the underserved migrant credit market.| Finance in Africa
Tracking the ups and downs of Egypt’s biggest companies just became easier. On August 17, 2025, the Egyptian Exchange (EGX) unveiled its first-ever mobile app, giving investors real-time access to market data directly from their phones—anywhere in the world.| Finance in Africa
In the past seven months, four of Africa’s biggest lenders have expressed interest in entering Ethiopia’s financial market.| Finance in Africa
Mamo Mihretu has stepped down as governor of Ethiopia’s central bank, a post he has held since January 2023 amid sweeping economic and monetary reforms.| Finance in Africa
Union Bank of Nigeria, has finalised its merger with Titan Trust Bank (TTB), bringing an end to a process that began in 2021 when TTB acquired a controlling stake.| Finance in Africa
The directive comes as banks prepare to meet a new total core capital requirement of $77.7 million by 2029.| Finance in Africa
In an operating environment marked by high inflation, weak consumer purchasing power, and multiple taxes, women entrepreneurs are quietly outperforming their male peers.| Finance in Africa
Kenya’s Kamau Thugge and Morocco’s Abdellatif Jouahri have earned top marks in Global Finance magazine’s 2025 “Central Banker Report Cards,” placing ahead of peers from Egypt, Ethiopia, South Africa and Uganda in the annual global ranking.| Finance in Africa
Capitec Bank, which handles over 40% of South Africa’s airtime and data transactions, is deepening its telecoms push with a micro-airtime advance, betting the phased rollout will scale rapidly across its 25-million-strong customer base.| Finance in Africa
South Africa’s mining and infrastructure reforms are drawing growing interest from Indian investors seeking opportunities in the region.| Finance in Africa
Ethiopia's parliament has passed an historic bill that allows foreign banks set up branches in the country.| Finance in Africa
For a long time, the banking sector in Ethiopia now has been dominated by local players, but recent policy changes could bring in foreign juggernauts.| Finance in Africa
The NGX lost 0.77% last week, but insurance and growth stocks soared, delivering gains above 30%. Smart money rotated into defensive and high-beta plays.| Finance in Africa
The capital raise is aimed at ensuring compliance with CBN's minimum capital requirements for banks and aligns with its long-term strategic objectives.| Finance in Africa
The Gambia, Ghana, Liberia, Sierra Leone, and Sudan have collectively contributed $16 million to the African Development Fund, tripling their last cycle’s pledge.| Finance in Africa
According to DealMakers Africa, rising global interest rates, a strong US dollar, and geopolitical tensions drove international capital toward safer, higher-yielding markets, leaving African deals in retreat.| Finance in Africa
HSBC Holdings Plc has officially exited South Africa, ending a three-decade run which will see its assets and operations transferred to FirstRand.| Finance in Africa
AI is transforming the African M&A lifecycle — from identifying targets to automating due diligence and smoothing post-merger integration. The technology promises speed, precision, and insights that human teams alone struggle to match...| Finance in Africa
Unlike its economic counterparts, Lagos has a strikingly low tax-to-GDP ratio, exposing a major revenue gap that threatens the fiscal sustainability of Africa’s most populous city.| Finance in Africa
The CBN has introduced three new non-interest liquidity tools to strengthen the Islamic finance sector and align with global standards.| Finance in Africa
Fidelity Bank Plc has denied claims that Nigeria’s apex court ordered it to pay $139 million in damages over a disputed legacy loan.| Finance in Africa
JPMorgan has upgraded its outlook on Afreximbank’s Eurobonds to overweight, citing more attractive pricing following a recent Fitch downgrade.| Finance in Africa
Nigeria’s banks are racing to meet the central bank’s recapitalisation deadline, raising ₦800bn ($523m) in the first seven months of 2025, with a further ₦900bn projected by December.| Finance in Africa
Nigeria is weighing its first interest rate cut in five years as inflation cools and foreign capital begins to return.| Finance in Africa
Soaring inflation and weak currencies push young Africans to crypto—but the IMF warns the rush could undercut monetary policy, fuel capital flight, and shake already fragile economies.| Finance in Africa
South African lender Nedbank is selling its stake in ETI to Bosquet Investments, owned by former Ecobank chairman Alain Nkontchou, in a deal expected to close later this year.| Finance in Africa
Zenith Bank, one of Nigeria’s largest financial institutions, saw its market capitalisation cross the ₦3 trillion ($2.04 billion) mark on Wednesday, a week after GTCO achieved the same feat.| Finance in Africa
The appointment announced on Friday comes as Ethiopia grapples with currency instability, heavy debt obligations and an ambitious programme to liberalise its financial sector.| Finance in Africa
The 108-year-old financial institution has announced the full redemption of its 15.75% Series 2 bond on September 3, 2025, settling principal and coupon payments in line with SEC rules.| Finance in Africa
The South African Reserve Bank (SARB) kept its benchmark repo rate steady at 7% on Thursday, citing inflationary concerns.| Finance in Africa
Standard Chartered Kenya has warned that its net profit for 2025 could fall by at least 25%, following a costly pension settlement .| Finance in Africa
