Top stories
Finance
Top stories
Foreign investors staged a sharp comeback in Nigeria’s stock market in 2025, but that momentum has faded this year.With domestic investors still dominant and foreign flows in retreat, FTSE Russell’s frontier-market upgrade faces a test of whether global investors will return.
Zambia’s economy is healthier than the one Hakainde Hichilema inherited in 2021. But debt, poverty and weak household incomes remain. Hichilema’s second term will test whether economic stability can finally translate into prosperity for an average Zambian.
Dangote Sugar Refinery has raised approximately $368 million through a rights issue, marking one of Nigeria’s largest equity capital raises in the consumer goods sector.
Ethiopia’s deposit insurance ceiling is still fixed at 100,000 birr, but birr depreciation since July 2024 has cut its dollar value from $1,750 to $620 — even as the fund’s reserves quadrupled.
As his popularity slides and inflation bites, Kenya’s president has found new villains: foreign miners and street hawkers. Behind the crackdown lies a leader determined to secure a second term in office.
Africa’s tech sector has produced nine unicorns and billions in funding since 2015, yet no founder has become a dollar billionaire. Industry leaders say the answer lies in the structure of African capital markets.
Africa’s first continent-wide credit rating agency will officially launch on October 7 in Mauritius, the African Union (AU) announced on Tuesday.
Free SA is calling on the National Minimum Wage Commission to reject any further increase to the national minimum wage, warning that another government-mandated hike risks shutting more unemployed and inexperienced South Africans out of the formal labour market.
AfCFTA and Quest Ghana have signed a $5.17bn digital trade corridor deal combining a commodities exchange and interoperable payment system to push intra-African trade from $200bn to $500bn.
Ethiopia is establishing its first specialised mortgage refinancing company, capitalised at 100 billion birr, with IFC committing up to $200 million to unlock long-term housing finance.
The International Monetary Fund (IMF) and Senegal have reached a staff-level agreement for a $2.2 billion three-year loan package.
Nigeria’s record-breaking NGX rally has hit a rough patch. After topping charts globally and setting new highs, the market is now shedding value as profit-taking drags on—recovering much slower than after its last major sell-off.
Nigeria’s biggest businesses rarely outlive their owners. Some owners are finally learning from the past, but most are still one death away from collapse.
Global rating agency, Fitch Ratings, has revised the outlook on Tanzania’s Long-Term Issuer Default Ratings to Positive from Stable, while affirming the ratings at ‘B+’.
African Export-Import Bank (Afreximbank) has reported a strong financial performance for the first six month of 2026, with total assets and contingencies rising 7.8% to $52.3 billion.
Ghana has reduced its debt-servicing-to-revenue ratio to below 20%, down from more than half in previous years, its finance minister said in a statement.
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.
