Finance

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

Luxury jewellery watches gold display elegant craftsmanship Richemont Cartier
AfricaBusiness

Rupert’s Richemont posts record $26bn sales

By
Africaspoint Editorial

Richemont reported revenue of €22.4 billion ($26 billion) for FY2026, up 11% at constant exchange rates, with net profit surging…

South Africa Sandton financial district banking towers Johannesburg investment
AfricaBusiness

Standard Bank tops Africa at R517bn

By
Africaspoint Editorial

Standard Bank Group closed May 23 at a market capitalisation of R517 billion ($31 billion), overtaking Capitec at R511 billion…

AfricaBusiness

NNPC challenges Dangote’s prices in court

By
Africaspoint Editorial

NNPC filed a court counter-affidavit on May 27 arguing that Dangote Petroleum Refinery's petrol is sold at significantly high and…

South Africa coal mine heavy industry energy mining operations industrial
AfricaBusiness

HCI lifts earnings 50% on coal boom

By
Africaspoint Editorial

HCI reported headline earnings per share up 50% to 2,247.9 cents for the year ended March 2026 on revenue of…

Endeavour Mining gold West Africa $880m EBITDA Assafou Burkina Faso Cote Ivoire 2026Kenya Airways $2 billion turnaround investor debt equity KQ Kamal 2026

Endeavour Mining posts record $880m EBITDA

Endeavour Mining, West Africa's largest gold producer, reported record adjusted EBITDA of $880 million for…

Africa GDP 4.2 percent growth fastest economies 2025 2026Africa sovereign wealth funds $164 billion mining minerals EIH FONSIS Guinea Simandou 2026

Africa’s $164bn wealth funds eye mining

Africa's sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed…

Africa GDP 4.2 percent growth fastest economies 2025 2026Ethiopia Addis Ababa Entoto Kebena riverside Beautifying Sheger Abiy urban 2026

Abiy unveils Addis Ababa’s riverside makeover

Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…

HormuzSouth Africa immigration xenophobia Ramaphosa March deportation crackdown 2026

EU’s steel tariff hits South Africa

The EU's new steel import framework took effect July 1, imposing annual quotas with a…

Africa digital technology data innovation startup code screen laptop
Africa startup funding $1 billion H1 2026 venture capitalAfrica tech ecosystem energy logistics fintech investment 2026

Africa’s startup funding races toward $1bn

Stunning architectural detail of Cape Town City Hall, showcasing its remarkable design.
SARB MPC repo rate decision South Africa 6.75 percent 2026South Africa Infrastructure

South Africa’s rate decision lands Thursday

AfDB African Economic Outlook 2026 GDP growth BrazzavilleAfrica GDP 4.2 percent growth fastest economies 2025 2026

AfDB: 12 fastest economies are African

Close-up of vintage beer bottles in a rustic wooden crate from a traditional brewery in Tokyo, Japan.
Asahi EABL Diageo Kenya capital markets CMA takeover 2026Diageo EABL Asahi

Asahi’s $2.3bn EABL deal clears regulators

Show More