Finance

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

Egypt’s FDI hits $9.3bn, economy grows

Egypt's net FDI reached $9.3 billion in H1 FY2025/26 (July to December 2025), up 55% from $6 billion a year…

SARB cuts repo to 6.5 percent

South Africa's MPC cut the repo rate by 25 basis points to 6.5% on May 29, effective May 30, resuming…

Africa’s startup funding races toward $1bn

African startups raised $887 million across 84 transactions in the first four months of 2026, putting the continent on course…

South Africa’s rate decision lands Thursday

South Africa's MPC meets May 28-29 to decide whether to cut the repo rate from 6.75% or hold for a…

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…