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Nigeria’s informal economy is powering a payment system that’s growing without credit

Cash-based merchants are driving digital transfers, but there’s an opportunity to drive credit. The tell tale signs are there.

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Africa’s newest stock market eyes 9 IPOs by year-end despite sluggish start

CEO Tilahun Kassahun says the ESX may also deploy an Over-the-Counter platform for firms not yet ready for full listing, describing it as a way to encourage participation.

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GoldBod attributed the performance to improved oversight and its continued collaboration between key stakeholders which has helped curb smuggling and boost repatriation of proceeds.

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Nigerian Wema Bank boosts capital base by 33% above recapitalisation rule

With this latest injection, Wema Bank’s total qualifying capital now stands at ₦264.9bn ($179.9m), well above the ₦200bn ($135.9m) minimum requirement for national banks.

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Ghana lifts suspension of UBA’s FX trading licence after one month

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.

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Cash shortages force Libya to print $11bn in new notes

Despite its vast oil wealth, Libya has faced years of cash shortages that have forced citizens to queue outside banks to withdraw limited funds.

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Following a tough start to 2025, investor sentiment toward Kenya’s banking sector has turned sharply positive, with analysts projecting a strong second half driven by improving credit growth, stabilising net interest margins, and resilient capital positions.

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Africa’s monetary divide: How central bank rates stack up in 2025

Inflation, currency volatility, and debt stress continue to shape Africa’s monetary path in 2025, prompting tighter policies in fragile economies and gradual easing where stability has improved.

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MultiChoice buyout drives $5bn surge in Africa’s private deals

Despite the headline-making buyout, Stears data shows that smaller deals dominated activity, signaling deepening investor appetite for mid-tier and early-stage opportunities.

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Ethiopia’s export earnings doubles in Q1 as reforms boost trade

Ethiopia, Africa’s second most populous nation, earned $2.48bn in export revenue during the first quarter of the 2025/26 fiscal year, representing a 117% increase compared with the same period a year earlier.

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DHL bets $349.6m on Africa as regional trade integration deepens

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.

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Consumer prices have eased sharply from last year’s highs, however, erratic movements and a slight uptick in September 2025 point to persistent price pressures.

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Nigeria’s first rate cut in 5 years seen lifting equities as yields fall

The shift in market sentiment comes as yields on government securities continue to fall, narrowing the risk premium between fixed income and equities.

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Sub-Saharan Africa’s growth outlook stays unchanged despite US tariffs

The IMF has projected that SSA’s economic growth will remain unchanged in 2025 despite new US tariffs that took effect in August and raised concerns about trade disruptions.

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Nigeria’s inflation slows for the sixth straight month to 18% after rate cut

The 2.1 percentage-point drop marks the sharpest decline since April, when consumer prices began their downward trend. Based on the old methodology, September’s inflation rate is the lowest since May 2022.

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Kenya’s NCBA shares jump 8% amid rumoured merger talks with Stanbic

Data from the Nairobi Securities Exchange show NCBA’s share price surged to KSh 75.25 ($0.56) at Tuesday’s close — its highest on record. The group, currently the most expensive banking stock on the NSE, maintained strong momentum in Wednesday’s intraday trading.

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Stronger currencies ease business costs in sub-Saharan Africa to 5-year low

Five of the seven economies surveyed saw their currencies strengthen in the first nine months of 2025, reflecting softer dollar prices, improved access to external funding and tight monetary policy.

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Nigeria’s intra-African trade is surging but  dollar earnings dwarf pre-COVID levels

In the first six months of 2025, Nigeria’s trade with African countries totalled $3.13bn (₦4.82trn). While this marks an improvement from the pandemic slump — $2.86bn (₦963.62bn) in H1 2020 and $2.47bn (₦963.64bn) in H1 2021 — it is still 30.6% below H1 2019 levels.

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Nigeria’s Stanbic IBTC stock gains 6% after leading UAC’s CHI deal

According to data from the Nigerian Exchange Limited (NGX), Stanbic IBTC — the most expensive banking stock on the bourse — gained from ₦109 ($0.07) on Friday to ₦115 ($0.08) on Monday, maintaining that price through Tuesday’s close.

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Ethiopia devalues currency by 7% in $150m FX sale despite rising reserves

The capital injection comes as fiscal uncertainty deepens over Ethiopia’s stalled Eurobond restructuring, which analysts say could complicate access to external funding.

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