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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.
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.
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.
Egypt has inked a $220 million contract for the Atom Solar Egypt project, involving investors from the UAE, China, and Bahrain to develop solar cells, panels, and energy storage systems in the Suez Canal Economic Zone (SCZONE).
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)
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.
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
Rwanda said it will move ahead with plans to sell carbon credits to Singapore under a climate trade agreement that allows countries to offset emissions.
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.
East African nation, Tanzania, is seeking $1.8 billion in funding to support its transition to clean cooking, aiming for 80% access by 2034.
Ghana and Nigeria are considering a barter arrangement in which electricity generated in Accra could be exchanged for gas supplied from Lagos, Nigeria’s economy capital.
Global energy giant Eni is preparing to begin the second phase of the Congo LNG project in the Marine XII offshore concession with the launch of a production vessel from Shanghai, China.
North African country, Egypt, has declared plans to enhance cooperation in renewable energy and the localization of solar cell and battery production.
Cameroon’s state-owned National Hydrocarbons Corporation has announced the country’s 2025 oil and gas licensing round, offering up to nine blocks for exploration by willing local and international players.
Egypt has started work on three new wells in the Zohr gas field as part of efforts to boost production in the current financial year, the petroleum ministry said on Tuesday.
Crude oil flows from Sudan have been disrupted after the United Arab Emirates (UAE) imposed a ban on cargoes from the Red Sea nation, blocking shipments at its ports.
CIF listed on the Main Board of the Nigerian Exchange Limited (NGX) on Monday, debuting at ₦100 ($0.07) per unit with 87.9 million outstanding units, giving it a market value of ₦8.79bn ($5.72m).
Nigeria’s state oil firm, NNPC Limited, said pipeline theft has been almost eliminated in the country after coordinated security operations and crackdown on culprits.
Senegal has declared a bold plan to end the importation of gas next year, as it moves closers to energy security.
Zambia’s economy remains tied to copper, but its trade pact with Qatar aims to shift that by channeling financing into housing, agriculture, and finance.
