AfDB has approved a $50 million Trade Finance Transaction Guarantee Facility for Awash Bank, one of Ethiopia’s largest private lenders, as part of its ongoing efforts to expand access to trade finance for SMEs and local corporates.| Finance in Africa
Africa is fast emerging as the Gulf’s newest frontier for capital. In the past two weeks, Al Mansour Holdings, one of Qatar’s leading conglomerates, announced plans to invest $103bn across six African nations.| Finance in Africa
A Kenyan lawmaker, Caroli Omondi, has suggested a new law called the Central Bank of Kenya (Amendment) Bill 2025. This law would make it against the rules for shops and businesses with real locations to refuse cash for payments under $775. If they don’t follow this rule, they could be fined or sued.| Finance in Africa
The Central Bank of Kenya (CBK) has cut its key interest rate to 9.75%, aiming to stimulate private sector lending and boost economic activities.| Finance in Africa
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
Despite the uptick, inflation remained comfortably within the South African Reserve Bank’s 3-6% target band, leaving room for more rate cuts.| 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
CBN orders all POS machines in Nigeria to be geo-tagged within 60 days, ending roaming agents while adopting ISO 20022 to curb fraud and boost payment transparency.| 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
Investor sentiment across the African continent weakened towards Egypt in 2024, with regional investment inflows tumbling by nearly half.| Finance in Africa
Read our complete analysis of the NGX stock market here. We break down what happened last week and what to expect this week of trading.| Finance in Africa
What to know about Afreximbank’s new 4th president, George Elombi| Finance in Africa
NGX bulls roared last week: All-Share Index +5.07 % to 141,263 pts, market cap ₦89.4 trn. Turnover jumped 33% to ₦149.8 billion as industrials & growth stocks led. Breadth solid (54 gainers vs 49 losers). Eyes on the 145k mark this week.| Finance in Africa
The Bank of Zambia kept its key lending rate unchanged at 14.5% for the second consecutive time, opting to consolidate gains against inflation.| Finance in Africa
The African Development Bank (AfDB) is set to provide $500 million to Ethiopian Airlines, a move that will establish the Airline as Africa's largest airline after completion in 2029.| Finance in Africa
NGX rallied as ASI rose 3.18% to 145,754.91 and market cap hit ₦92.2trn. Turnover swelled to 8.74bn shares as investors rotated into insurers (+41%) while banks cooled. Breadth improved to 66 gainers vs 41 losers—momentum into 11 Aug looks constructive.| Finance in Africa
Namibia has officially commenced trade under the Africa Continental Free Trade Area with a 45,000-tonne shipment of salt to Nigeria.| Finance in Africa
Lesotho faces a sharp economic slowdown in 2025, with gross domestic product (GDP) growth projected to fall below 1% on steep U.S tariffs.| Finance in Africa
Explore insurance adoption trends across African countries: compare penetration rates, future projections, and digital drivers.| Finance in Africa
Namibia plans to borrow $122m locally and tap its $628m sinking fund to refinance a $750m Eurobond maturing in October.| Finance in Africa
Ghana’s 2035 Eurobond rose slightly on Monday, trading at 71.43 cents to the dollar, data from Borshë Frankfurt shows.| Finance in Africa
The CBN's recapitalisation benchmark introduced in 2024 aimed at reforming Nigeria's informal sector runs on a deadline today, only 5% of BDC operators has hit the bar| Finance in Africa
Nigeria’s inflation rate slowed for the second month in a row in May, falling to 22.97% from 23.71% in April.| Finance in Africa
Ghana’s annual inflation slowed sharply to 18.4% in May, marking its lowest level since February 2022.| Finance in Africa
The escalating conflict between Israel and Iran is sending tremors through global energy markets, with Nigeria caught in the crosscurrents, poised to reap| Finance in Africa
Airtel Africa’s Q1: How 14 markets powered a $1.42bn revenue surge| Finance in Africa
According to the 2024 Taxes and Charges Study by the African Airlines Association (AFRAA), international passengers departing from African airports pay an average of $68 in taxes and fees—up from $66 in 2022 and $64 in 2020.| Finance in Africa
Nigeria’s central bank is expected to resume its monetary easing cycle in the second half of 2025, as disinflation gains momentum.| Finance in Africa
Ethiopia’s reform program is showing signs of success, with improved inflation, surging export earnings, and an 83% jump in tax revenue unlocking $260 million in fresh funding from the IMF| Finance in Africa
The Commercial Bank of Ethiopia (CBE) is set to receive more than half of a $650 million financial package from the World Bank next week.| Finance in Africa
Ethiopia’s central bank has announced it will phase out a controversial rule that requires commercial banks to buy government bonds.| Finance in Africa
Nigeria, Africa’s most populous country, has yet to release its real Gross Domestic Product (GDP) data for the first quarter of 2025, and there's cause for concern.| Finance in Africa
Nigeria’s biggest bank by asset base has established a reputation for inorganic growth through aggressive mergers and acquisitions. It's not the only bank expanding, but it's doing this in markets few dare to go.| Finance in Africa
Find the latest updates and trends in the Nigerian Stock Market Report for Week 3 of June 2025 for informed investment decisions.| Finance in Africa
Ethiopia’s new stock exchange has recorded its second major milestone with the listing of Gadaa Bank — a fast-growing commercial lender.| Finance in Africa
The government’s $2.8 billion guarantee to Transnet targets debt relief and urgent infrastructure repair| Finance in Africa
South Africa’s economy posted a marginal expansion of 0.1% in the first quarter of 2025, according to new data released on Tuesday.| Finance in Africa
In an effort to stabilise the foreign exchange market and improve liquidity, Nigeria’s central bank launched an aggressive dollar injection drive in the first quarter of the year. But despite the scale of intervention, the naira continued to lose ground.| Finance in Africa
South Africa’s manufacturing sector contracted sharply by 6.3%, the decline cuts across nearly all major industrial segments, driven by low demand and rising costs| Finance in Africa
Nigeria’s GTCO pumps $239m into banking subsidiary to meet CBN capital rule| Finance in Africa
We sat down with the Gbenga, who's bringing 17 years of traditional asset management expertise to Sycamore—to discuss the future of investing in Nigeria| Finance in Africa