Finance

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

AfDB: 12 fastest economies are African

The AfDB's African Economic Outlook 2026, launched today in Brazzaville, reveals that Africa's real GDP grew 4.2% in 2025, with…

Asahi’s $2.3bn EABL deal clears regulators

Capital markets regulators in Kenya, Tanzania and Uganda granted Japan's Asahi Group Holdings exemptions from mandatory takeover offer requirements on…

Equity Bank bets on Lobito Corridor

Equity Group CEO James Mwangi disclosed on May 18 that the Kenyan bank is targeting acquisitions in Angola, Zambia and…

Dangote sets September for $50bn IPO

Aliko Dangote confirmed on May 21 that the Dangote Petroleum Refinery IPO will launch in September 2026 on the Nigerian…

Rwanda locks in $250m IMF credit facility

The IMF Executive Board approved Rwanda's $250 million, 38-month Extended Credit Facility on June 9,…

Nigeria’s trade surplus triples to N7.55tn

Nigeria's Q1 2026 merchandise trade surplus surged 341% to N7.55 trillion ($4.1 billion) from N1.71…