Finance
African finance news: capital markets, FDI flows, sovereign debt, private equity deals, currency movements, and banking sector developments across the continent.
Tinubu’s three-year reform scorecard is mixed
Three years into Tinubu's reforms, Nigeria's GDP averages 3.46% quarterly growth, external reserves stand at $49.26 billion and federal revenues…
Absa Kenya smashes Q1 profit record
Absa Bank Kenya posted Q1 2026 profit after tax of KSh 5.3 billion ($41 million), with a 20.3% return on…
Markets price Senegal for debt restructuring
JPMorgan's May 26 research note revealed that Senegal's 2033 Eurobonds are pricing in a restructuring scenario with a 15% haircut,…
Brazzaville gives AfDB’s NAFAD a mandate
The AfDB's 61st Annual Meetings closed in Brazzaville on May 29 with governors formally endorsing the New African Financial Architecture…
Newsletter
Endeavour Mining posts record $880m EBITDA
Endeavour Mining, West Africa's largest gold producer, reported record adjusted EBITDA of $880 million for…
Africa’s $164bn wealth funds eye mining
Africa's sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed…
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…