Finance
African finance news: capital markets, FDI flows, sovereign debt, private equity deals, currency movements, and banking sector developments across the continent.
Airtel Africa profit triples to $813m as data beats voice
Airtel Africa reported FY2026 profit after tax of $813 million, up 147%, on revenue of $6.42 billion as data overtook…
Safaricom FY2026: record KSh80bn dividend, profit up 67%
Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a record KSh80.13 billion dividend, the…
South Africa unemployment hits 32.7% as 345,000 jobs lost
South Africa's unemployment rate rose to 32.7% in Q1 2026 from 31.4% in Q4 2025 as 345,000 jobs were shed,…
Top African fintech companies 2026
Africa's top fintech companies in 2026 span payments, lending, digital banking, insurance technology and open banking infrastructure. From Flutterwave and…
Newsletter
Dangote picks Mombasa for $17bn East Africa refinery
Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…
Museveni sworn in for seventh term after 40 years in power
Yoweri Museveni was sworn in for a seventh consecutive term on May 12, extending his…
Nairobi Declaration adopted with $27bn Macron pledge
The Africa Forward Summit closed in Nairobi with the adoption of an 11-point Nairobi Declaration…
Biggest Africa infrastructure projects 2026
Africa's biggest infrastructure projects in 2026 span a $20 billion oil refinery, a transcontinental railway,…