Finance
African finance news: capital markets, FDI flows, sovereign debt, private equity deals, currency movements, and banking sector developments across the continent.
Ghana pushes miners for 30% gold
Ghana's central bank is pushing large-scale gold miners to sell 30% of annual output to the state, up from 20%,…
AFC backs Africa tech funds with $100m
Africa Finance Corporation has approved a $100 million commitment to Africa-focused technology fund managers, targeting the continent's persistent institutional capital…
Dangote locks NNPC out of refinery
Aliko Dangote has blocked NNPC from acquiring additional equity in the $20 billion Lekki refinery, clearing the cap table ahead…
South Africa’s debt has peaked: Moody’s confirms the turn
Moody's confirmed South Africa's general government debt peaked at 86.8% of GDP in 2025 and will decline to 84.9% by…
Newsletter
AFC closes record $2bn syndicated loan
Africa Finance Corporation raised a record $2 billion syndicated loan on June 4, upsized from…
Salt River Market transformed into 970 homes
Cape Town's Salt River Market site was formally handed to developer Communicare on June 8…
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…