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Top stories
AfDB has approved a $50 million Trade Finance Transaction Guarantee Facility for Awash Bank, one of Ethiopia’s largest private lenders, as part of its ongoing efforts to expand access to trade finance for SMEs and local corporates.
Ecobank Transnational Incorporated (ETI), a pan-African banking group, has announced the launch of a $250 million Additional Tier 1 (AT1) capital raise via a private placement of contingent convertible notes.
GTCO saw its valuation rise to the N3trn mark as it listed on the London Stock Exchange on Wednesday, cementing its position as the biggest lender by market capitalisation on the Nigerian Exchange Limited
Aliko Dangote, Africa’s richest man, is placing a bold $3 billion bet on Ethiopia—choosing the East African country as the site of his next mega fertiliser plant.
Ethiopia’s new income tax proposal promises relief for workers through higher thresholds, but raises key questions about its ripple effects on business taxes and government revenue
The research firm projects a 150 basis point cut in the Monetary Policy Rate (MPR) to 26.0% by year-end. If implemented, the cut would mark the first rate reduction in nearly five years.
Ethopia signs $1 billion agreement with the World Bank, in the deal is included a $650 million grant and a $350 million concessional loan, aimed at stabilising the financial sector, boosting economic competitiveness, and strengthen the revenue system
The number of individuals with over $1 million in liquid assets in Nigeria dropped by 53% between 2014 and 2024, falling from 15,000 to 7,200. This marks a loss of 7,800 dollar millionaires over the period, the second-largest drop among 59 countries analyzed
The UK is the second major economy, after China, to move to deepen trade ties with African nations amid a global trade war sparked by U.S. President Donald Trump’s sweeping tariffs announced on April 1.
Kenya’s private sector activity fell to an 11-month low in June 2025, as weak consumer demand, economic headwinds, and renewed protests dragged performance.
Namibia’s FDI performance significantly outpaced Botswana — its economic counterpart, whose total stock stood at $6.5 billion in 2024 despite recording steady growth over the past decade.
Guaranty Trust Holding Company Plc, one of Nigeria’s Tier 1 banks, is set to launch raise about $100 million dollars, ahead of Bank’s minimum capital requirement amid delisting from the ADR on the London Securities Exchange.
The African Development Bank (AfDB) has approved a $400,000 grant to bolster Ethiopia’s nascent capital market ecosystem.
With its latest move, the central bank aims to lower Namibia’s interest rate margin from 3.7% to align with other Common Monetary Area (CMA) countries such as South Africa and Lesotho, where margins stand at 3.5%.
This marks the first time in over four years that current-year inflation projections have dipped below 4%, strengthening the central bank’s case for a lower inflation target.
The lender’s latest move comes weeks after Access Bank’s – Nigeria’s biggest bank — received regulatory approvals from both counties to acquire National Bank of Kenya Limited (NBK) from KCB Group.
Moody’s has downgraded Afreximbank’s credit rating to Baa2, citing rising risks from its exposure to debt-distressed African sovereigns, particularly Ghana and Zambia
The International Monetary Fund (IMF) has commended President Bola Tinubu’s tax reform bills, describing them as a significant step towards boosting revenue mobilisation and creating fiscal space for development spending while maintaining debt sustainability.
According to Government Statistician Alhassan Iddrisu, the continuous decline signals that the underlying causes of the inflation — high food costs, currency depreciation and global supply chain bottlenecks — were easing.
Under the new rules, Dedicated Electronic Money Issuers (DEMIs) and Enhanced Payment Service Providers (EPSPs) must reserve at least one-third of board seats for independent directors with no financial ties to the company. These directors cannot hold more than 5% equity stakes or maintain business relationships that could compromise their judgment.
