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…

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…