Top stories
Finance
Top stories
South Africa’s inflation rate slowed for the first time in five months in July, easing to 4.3% year-on-year, according to data from Statistics South Africa released Wednesday.
Kenya Airways says the Middle East conflict drove up its fuel costs by 72% in the first half of this year and caused delays to spare parts supplies and aircraft maintenance.
Kenya’s pension schemes are rotating capital from government bonds to NSE equities as the central bank’s easing cycle compresses debt yields, the RBA confirms.
The DRC has approved a 900-hectare battery precursor zone in Lualaba targeting $2bn in investment, as Zimbabwe’s lithium export ban forces processors to build onshore capacity.
Kenya’s average commercial bank lending rate fell to 14.3% in July 2026, the lowest in 28 months, as credit to businesses and households climbed to a multi-year high.
Ghana’s cedi surged over 40% to become 2025’s best performing currency while Nigeria’s naira also rallied. But by July both faced fresh dollar demand, showing how quickly currency gains can unravel once supply shifts.
South Africa has among the world’s highest jobless rates, yet farms, factories and townships now struggle to fill vacancies left by departing migrants—exposing unemployment as a deeper structural problem than immigration alone, insiders say.
The AfCFTA Secretariat has signed a 20-year, $3.1 billion concession with Nigeria’s Bergmans to build a continent-wide digital customs platform, targeting fragmented border systems that hinder intra-African trade.
Ghana’s consumer inflation eased to 4.6% year-on-year in July, down from 5.3% in June, marking the first monthly decline since March, according to data from the Ghana Statistical Service released Thursday.
From Afreximbank’s billions to a Nigerian billionaire’s personal cheque, here’s who is really funding Dangote’s refinery and fertiliser empire, and why African money, not foreign banks, is doing the heavy lifting.
For decades, Ethiopia barred foreign banks from its financial sector, reserving the market for domestic institutions. Although recent reforms have opened the door to international lenders, investor interest has remained muted.
AfDB has approved 20 billion CFA francs ($35.4 million) in financing to help Senegal strengthen its public finance management, as the West African country works to contain a debt crisis that has shaken investor confidence.
Nigeria admits that savings from its 2023 petrol subsidy removal have been fully absorbed by higher debt servicing costs and rising government spending, undermining the reform’s fiscal rationale.
Tolaram bought Diageo’s 58% Guinness Nigeria stake for $70m in 2024. With the brewer back in profit and paying dividends, that holding is now worth over $350m.
The naira has lost half its value since 2023’s float, yet no candidate is promising to reverse it. As Nigeria heads to 2027, the currency that once decided elections has quietly faded from the political debate.
Abyssinia Bank began trading on the main board of the Ethiopian Securities Exchange on Tuesday, becoming one of the first commercial banks to list on the country’s newly established equities market.
S&P Global Ratings has acquired a majority stake in Nigeria-based rating agency Agusto & Co., a move aimed at expanding its coverage of Africa’s credit market.
Ghana has allocated 5 billion cedis ($429 million) in its revised 2026 budget to finance gold purchases aimed at boosting foreign exchange reserves, after shifting responsibility for financing the program from the central bank to the government.
The International Monetary Fund’s executive board completed the sixth and final review of Ghana’s $3 billion support program on Monday, clearing the way for a final disbursement of about $371 million.
Mutapa Energy Resources has secured $300m from a Chinese-backed consortium to develop Sandawana Lithium Mine, targeting a resource base of 90 million tons as Zimbabwe pushes to dominate Africa’s lithium value chain.
