CBN bars undercapitalized banks from dividends, bonuses, and offshore investments.
Move aims to boost capital and address bad loans before March...
• Wafa Assurance offers to acquire 51% stake in Cairo-listed Delta Insurance• Deal values Delta at EGP5 billion ($317 million), priced at EGP40 ($2.52)...
• Wafa Assurance offers to acquire 51% stake in Cairo-listed Delta Insurance• Deal values Delta at EGP5 billion ($317 million), priced at EGP40 ($2.52)...
• Visa appoints Aminata Kane as Senior VP for West and Central Africa• Kane brings over 10 years of experience in digital finance and telecoms• She will...
• Visa appoints Aminata Kane as Senior VP for West and Central Africa• Kane brings over 10 years of experience in digital finance and telecoms• She will...
• J.P. Morgan voices confidence in Afreximbank's bonds, despite the bank's exposure to sovereign debt and potential for further rating downgrades•...
• J.P. Morgan voices confidence in Afreximbank's bonds, despite the bank's exposure to sovereign debt and potential for further rating downgrades•...
• Nile.ag secures $11.2 million in equity funding led by Cathay AfricInvest Innovation Fund• Capital to expand digital agriculture tools and...
• Nile.ag secures $11.2 million in equity funding led by Cathay AfricInvest Innovation Fund• Capital to expand digital agriculture tools and...
• KCB Group is in discussions with Ethiopia’s central bank following a 2024 law that allows foreign banks to operate locally.• The group may obtain a...
• KCB Group is in discussions with Ethiopia’s central bank following a 2024 law that allows foreign banks to operate locally.• The group may obtain a...
• FirstRand receives approval to take over HSBC's South African assets, clients, and staff• Move supports expansion of investment banking and...
• FirstRand receives approval to take over HSBC's South African assets, clients, and staff• Move supports expansion of investment banking and...
• CBN gives forex bureaus until December 31, 2025, to meet new capital rules• Fewer than 10% of operators were compliant as of June 2025, says ABCON• Over...
• CBN gives forex bureaus until December 31, 2025, to meet new capital rules• Fewer than 10% of operators were compliant as of June 2025, says ABCON• Over...
• African startups raised $1.055B from Jan–May 2025, up 40% year-on-year• Egypt, South Africa, Nigeria, and Kenya attracted 84% of all funding•...
• African startups raised $1.055B from Jan–May 2025, up 40% year-on-year• Egypt, South Africa, Nigeria, and Kenya attracted 84% of all funding•...
Afreximbank rejects Fitch’s credit rating cut, citing legal limits on debt actions
Bank says its financials follow global standards and its risk...
Afreximbank rejects Fitch’s credit rating cut, citing legal limits on debt actions
Bank says its financials follow global standards and its risk...
• HoldiPharma and US-based Dawah Pharma to launch a pharma export joint venture• Dawah will hold 60%, HoldiPharma 40%, with initial focus on US-approved...
• HoldiPharma and US-based Dawah Pharma to launch a pharma export joint venture• Dawah will hold 60%, HoldiPharma 40%, with initial focus on US-approved...
AfCRA, a privately owned agency, is set to begin operations by September 2025
It will focus on rating local currency debt for African states and...
AfCRA, a privately owned agency, is set to begin operations by September 2025
It will focus on rating local currency debt for African states and...
• AFC identifies $4 trillion in African funds that could finance infrastructure• Most assets sit in low-yield, short-term investments outside the...
• AFC identifies $4 trillion in African funds that could finance infrastructure• Most assets sit in low-yield, short-term investments outside the...
IFC to acquire stake in KERA Health, an AI-based e-health platform in Senegal
Funding to support digitized health services expansion across WAEMU...
IFC to acquire stake in KERA Health, an AI-based e-health platform in Senegal
Funding to support digitized health services expansion across WAEMU...
AfDB raised $3 billion in a two-part bond issuance in U.S. dollars.
The deal included the Bank’s first-ever 10-year global dollar...
AfDB raised $3 billion in a two-part bond issuance in U.S. dollars.
The deal included the Bank’s first-ever 10-year global dollar...
• Funding resumes after 2023 suspension tied to Uganda’s anti-LGBT legislation• Three new projects approved in social protection, education, and...
• Funding resumes after 2023 suspension tied to Uganda’s anti-LGBT legislation• Three new projects approved in social protection, education, and...
• Lottery authority Lonab to invest $5.2 million in Agricultural Bank of Faso• Move part of capital raise to expand lending to underserved farm...
• Lottery authority Lonab to invest $5.2 million in Agricultural Bank of Faso• Move part of capital raise to expand lending to underserved farm...
BCEAO lowers main rate from 3.50% to 3.25% effective June 16, 2025
Inflation eased to 2.3% in early 2025 amid stable macroeconomic...
BCEAO lowers main rate from 3.50% to 3.25% effective June 16, 2025
Inflation eased to 2.3% in early 2025 amid stable macroeconomic...
• Fitch downgrades Afreximbank’s rating from BBB to BBB- with a negative outlook• Concerns include loan quality transparency and exposure to high-risk...
• Fitch downgrades Afreximbank’s rating from BBB to BBB- with a negative outlook• Concerns include loan quality transparency and exposure to high-risk...
• Shandong Yongsheng plans a tire factory with initial output of 6 million units• Production could reach 12 million annually as local capacity develops•...
• Shandong Yongsheng plans a tire factory with initial output of 6 million units• Production could reach 12 million annually as local capacity develops•...
Home to one of the largest tributaries of the Congo River, the Central African Republic (CAR) and the Democratic Republic of the Congo (DRC) will benefit...
Home to one of the largest tributaries of the Congo River, the Central African Republic (CAR) and the Democratic Republic of the Congo (DRC) will benefit...
Uruguay-based dLocal announces plan to acquire African fintech AZA Finance
Deal aims to boost cross-border payments and currency exchange services...
Uruguay-based dLocal announces plan to acquire African fintech AZA Finance
Deal aims to boost cross-border payments and currency exchange services...
Since its launch in 2022, the Pan-African Payment and Settlement System (PAPSS), designed to simplify cross-border transactions between African countries,...
Since its launch in 2022, the Pan-African Payment and Settlement System (PAPSS), designed to simplify cross-border transactions between African countries,...
• Jingdong Steel will invest $500 million to build a steel plant in Algeria’s M’sila province.• The plant will use 80% local raw materials and...
• Jingdong Steel will invest $500 million to build a steel plant in Algeria’s M’sila province.• The plant will use 80% local raw materials and...
Coris Bank International Côte d’Ivoire receives $34.3 million loan from Proparco to support SMEs
The financing complements a renewed trade...
Coris Bank International Côte d’Ivoire receives $34.3 million loan from Proparco to support SMEs
The financing complements a renewed trade...
Proptech sector accounts for 33% of total funding, fintech leads in deal volume
Government pushes reform and support through Ministerial Group for...
Proptech sector accounts for 33% of total funding, fintech leads in deal volume
Government pushes reform and support through Ministerial Group for...
• Libya now holds shares in Afreximbank, enabling access to project financing• Move strengthens Libya’s role in regional infrastructure and trade...
• Libya now holds shares in Afreximbank, enabling access to project financing• Move strengthens Libya’s role in regional infrastructure and trade...
The African Development Bank Group and the Government of Togo have signed a partial credit guarantee agreement to support the country’s mobilization of a...
The African Development Bank Group and the Government of Togo have signed a partial credit guarantee agreement to support the country’s mobilization of a...
On the sidelines of the African Development Bank Annual Meetings, founding partners of the Africa Investment Forum signed a Partnership Framework...
On the sidelines of the African Development Bank Annual Meetings, founding partners of the Africa Investment Forum signed a Partnership Framework...
NEMA launches relief effort after floods in Mokwa kill about 200 people
Floods displace 3,000, damage infrastructure, and devastate local...
NEMA launches relief effort after floods in Mokwa kill about 200 people
Floods displace 3,000, damage infrastructure, and devastate local...
BCEAO grants extra time for payment service providers to get licensed by August 31, 2025
Only licensed firms will be allowed to operate from...
BCEAO grants extra time for payment service providers to get licensed by August 31, 2025
Only licensed firms will be allowed to operate from...
Africa’s cross-border payments market is expected to grow from $329 billion in 2025 to $1 trillion in 2035
Growth is driven by digital...
Africa’s cross-border payments market is expected to grow from $329 billion in 2025 to $1 trillion in 2035
Growth is driven by digital...
Roads in Kenge, Kikwit, Tshikapa, Kamuensha, and Mbuji-Mayi have been completely rehabilitated, new stretches of road built, and urban roads modernized....
Roads in Kenge, Kikwit, Tshikapa, Kamuensha, and Mbuji-Mayi have been completely rehabilitated, new stretches of road built, and urban roads modernized....
• IFC to guarantee 50% of FirstRand’s $100M SME lending program• Focus on women-led and climate-related businesses under 60M rand turnover•...
• IFC to guarantee 50% of FirstRand’s $100M SME lending program• Focus on women-led and climate-related businesses under 60M rand turnover•...
• UBA Group expands asset management arm to Abidjan with UCAMWAL• Subsidiary to offer diversified investment solutions beyond Nigeria• Strategy aims to...
• UBA Group expands asset management arm to Abidjan with UCAMWAL• Subsidiary to offer diversified investment solutions beyond Nigeria• Strategy aims to...
• BOAD and JICA sign €200 million loan deal to support West Africa’s growth corridor plan.• Funding targets roads, rail, logistics, and basic...
• BOAD and JICA sign €200 million loan deal to support West Africa’s growth corridor plan.• Funding targets roads, rail, logistics, and basic...
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