Industry Moves
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French pay-TV group Canal+ began trading on the Johannesburg Stock Exchange on Wednesday, becoming the first French company ever to list on South Africa’s bourse.
For decades, moving money across Africa has often taken a strange and long-winding route. A Kenyan entrepreneur paying a supplier in Ghana might see the payment leave Nairobi, pass through banks in Europe or the United States
Nigeria is developing the Lagos International Financial Centre to attract global banks, deepen capital markets and position Lagos as a regional hub for international investment flows. Here’s all you need to know.
The last time female billionaires appeared on the list was in 2020, when Angolan tycoon Isabel dos Santos and Nigerian oil magnate Folorunsho Alakija were included.
For a long time, Africa’s investment landscape has been framed as a market-size problem. Over time, it appeared that the solution was simply to scale up: bigger populations, faster urbanisation, rising consumption. Yet capital inflows remained uneven.
The funding will allow the lender to issue more letters of credit, guarantees, and collections, helping clients navigate Ethiopia’s foreign-currency-constrained market.
Revolut has appointed banking veteran Gaby Magomola and applied for a South African banking licence, signalling a shift from payments to regulated digital banking.
Prateek Suri, Chairman of Maser Group and the Richest Indian in Africa, has seen his wealth leap to $1.9 billion following the clearance of ownership rights to an island in West Africa
he move makes JPMorgan the first US bank to re-enter the Angolan market since major international lenders withdrew in the mid-2010s over compliance concerns.
The new representative office in Cairo underscores Standard Bank’s long-term view of Egypt as a key node for intra-African commerce and Gulf–Africa connectivity.
The Bank of Zambia has reduced its key lending rate for the first time in over five years, citing slowing inflation in Africa’s second-largest copper and cobalt producer.
The decision comes three days after S&P Global Ratings upgraded the country’s sovereign rating outlook to “positive” from “stable,” citing stronger growth prospects and rising per capita income.
Nigeria’s latest Eurobond issuance could keep the country’s external debt-to-total debt ratio slightly above the Debt Management Office (DMO) threshold of 45% by year-end, according to analysts at CSL Research.
Revolut has named ex-Mastercard executive Yacine Faqir as CEO for Morocco, deepening its North Africa push and signalling a shift toward locally led digital banking expansion.
Access Holdings Plc, Nigeria’s biggest banking group by assets, will pay $109.6m (₦179.1bn) to complete the acquisition of National Bank of Kenya (NBK) from KCB Group Plc, according to its latest financial report.
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.
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.
The reinstatement brings relief to UBA Ghana, which is among the country’s major commercial banks with a strong presence in corporate and retail banking.
Despite its vast oil wealth, Libya has faced years of cash shortages that have forced citizens to queue outside banks to withdraw limited funds.
The German multinational logistics and supply chain management company is doubling down on Africa’s trade future with a $349.6m investment targeting logistics expansion across its express, global forwarding, and supply chain division.
