Finance

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

AfricaBusiness

Pick n Pay sells its crown jewel

By
Africaspoint Editorial

Pick n Pay raised R4.7 billion ($282 million) by selling a further 12.5% stake in Boxer Retail through an accelerated…

Gold mine South Africa mining operations open pit aerial industrial
AfricaBusiness

AngloGold is now Africa’s biggest company

By
Africaspoint Editorial

AngloGold Ashanti has overtaken Naspers as Africa's most valuable listed company after its market capitalisation crossed $50 billion, driven by…

AfricaFinance

SA wins first IFC rand loan

By
Africaspoint Editorial

The IFC and Citi have signed a R1.6 billion ($98 million) rand borrowing facility that gives the World Bank's private-sector…

South Africa Cape Town infrastructure investment cityscape urban development
AfricaFinance

BlackRock’s $28bn South Africa bet grows

By
Africaspoint Editorial

BlackRock's Global Infrastructure Partners chairman Adebayo Ogunlesi disclosed at a Cape Town summit that BlackRock manages $28 billion in South…

Africa Finance Corporation AFC $2 billion record syndicated loan infrastructure 2026Africa GDP 4.2 percent growth fastest economies 2025 2026

AFC closes record $2bn syndicated loan

Africa Finance Corporation raised a record $2 billion syndicated loan on June 4, upsized from…

Africa clean energy solar power investment boom 2026Cape Town Salt River Market affordable housing Communicare 970 units 2026

Salt River Market transformed into 970 homes

Cape Town's Salt River Market site was formally handed to developer Communicare on June 8…

Admaius Capital Virunga II $500 million Africa private equity IFC 2026Africa GDP 4.2 percent growth fastest economies 2025 2026

Rwanda locks in $250m IMF credit facility

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

Dangote refinery 700000 barrels day capacity expansion 1.4 million 2026Dangote Refinery IPO

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…

South Africa Moody's credit rating debt fiscal economy Johannesburg reform 2026
EnergyEnoch Godongwana Treasury fiscal policy

South Africa’s debt has peaked: Moody’s confirms the turn

Africa fastest growing economies 2026 IMFBanking

Ghana hits 7.7% growth, fastest since debt crisis ended

Aliko Dangote Africa wealthiest 2026Dangote

Dangote targets $50bn valuation in Africa’s biggest IPO

BankingFlutterwave

Nigeria banks hit record N20.2tn capital

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