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FiA weekly round up: All about credit ratings and FDI

Hello, African economies have been at the mercy of global credit rating agencies, and any efforts to raise loans is usually met with stringent conditions. That’s why the recent move to create s credit rating agency is super important. What is more important though, is our celebration of African women in Finance. South Sudan’s economy…

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The African region’s earnings in local currency increased to 22%, enabling them to contribute 41% to the group’s total headline earnings.

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Major winners in the approved reforms include consumers and smaller companies as lawmakers scrap the proposed VAT hike and raise minimum tax threshold for domestic businesses.

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South Sudan’s economy faces sharpest decline in years as failing oil revenues slash government income by $7 million daily, worsening inflation, poverty, and fiscal instability according to the World Bank

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This would be the second time in two months that the country’s parliamentary parties have rejected the proposed spending plan over tax hikes.

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Unlike its economic counterparts, Lagos has a strikingly low tax-to-GDP ratio, exposing a major revenue gap that threatens the fiscal sustainability of Africa’s most populous city.

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Kenya’s new bank licensing fees may pose a threat to credit access

The new licensing fee structure signals an increase in the cost of banking business as profits may reduce by 3.1% in the next three years.

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How Egypt received half of Africa’s total $95 billion FDI in 2024

Despite economic turmoil and humanitarian pressures from regional conflicts, Egypt’s bold market reforms have positioned it as a magnet for global investment.

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Nigeria’s digital tax invoicing may increase compliance costs for businesses earning over $66k, with concerns over infrastructure and implementation.

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In a fresh attempt to boost the adoption of ZiG, Zimbabwe’s market regulator has ordered companies to report their earnings in the highly volatile local currency.

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Three weeks after his initial budget plan was rejected by lawmakers, South Africa’s finance minister presents a new proposal with steep tax implications.

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The sharp drop in inflation follows a steady rise in the country’s foreign reserves which stood at $47.39 billion in February 2025.

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Supported by stronger consumer confidence, Absa joins a growing list of South African companies reporting improved earnings following the country’s exit from economic contraction in Q4 2024.

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The total gross profit stood at ₦25.1 billion ($17.13 million) from ₦17.1 billion ($11.2 million) recorded in 2023.

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We intend to point out women who are doing remarkable work in the insurance industry across different countries in the African continent.

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African leaders have big hopes for the continent’s first-ever indigenous credit rating agency set to launch in June. A successful AfCRA could bolster global perceptions of risk in African economies, attracting more foreign investments and freeing up capital for critical sectors.

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Meet six women shaping Africa’s financial future through leadership in banking, investment, and corporate finance across key industries.

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Meet the women at the forefront of Africa’s banking leadership, breaking through the glass ceiling to drive sustainable growth, financial inclusion, and innovation across the continent’s diverse regions

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FiA Weekly roundup: All eyes on Nigeria’s revenue collection system

Nigeria’s $4B ground rent audit could unsettle lenders, Ghana halts its Gold-for-Oil scheme, and Big Oil invests $13B in Africa’s energy. Central banks remain vigilant as inflation risks persist.

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The upgrade comes as Namibia’s central bank pushes for digital payment reforms that will drive greater financial inclusion.

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