Finance

African finance news: capital markets, FDI flows, sovereign debt, private equity deals, currency movements, and banking sector developments across the continent.

Endeavour Mining posts record $880m EBITDA

Endeavour Mining, West Africa's largest gold producer, reported record adjusted EBITDA of $880 million for Q1 2026, up 29% quarter-on-quarter,…

Africa’s $164bn wealth funds eye mining

Africa's sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed as active financiers of the…

Safaricom’s OneApp hits 4.7 million users

Safaricom's unified My OneApp platform reached 4.7 million registered users as of June 29, with 1.3 million daily active users,…

Family Bank’s NSE debut surges 44%

Family Bank listed on the Nairobi Securities Exchange by introduction on June 23, the largest private-sector listing in over 17…

Abiy unveils Addis Ababa’s riverside makeover

Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…

EU’s steel tariff hits South Africa

The EU's new steel import framework took effect July 1, imposing annual quotas with a…

Kenya awards JKIA rebuild to China

Kenya signed a Ksh154.2 billion ($1.2 billion) contract with China Road and Bridge Corporation on…

South Africa’s fiscal turnaround gathers pace

South Africa's National Treasury reported a primary budget surplus of R86.7 billion (1.1% of GDP)…