Finance
African finance news: capital markets, FDI flows, sovereign debt, private equity deals, currency movements, and banking sector developments across the continent.
Ghana hits 7.7% growth, fastest since debt crisis ended
Ghana's economy grew 7.7% in February 2026, nearly double the 3.9% rate a year earlier, with industry leading at 9.6%…
Dangote targets $50bn valuation in Africa’s biggest IPO
Aliko Dangote is targeting a $50 billion valuation for the Dangote Petroleum Refinery IPO on the Nigerian Exchange, with a…
Nigeria banks hit record N20.2tn capital
Nigeria's five largest banks crossed N20.2 trillion ($13.9 billion) in combined shareholders' funds, the highest equity base in Nigerian banking…
$175m bet on Africa’s payment backbone
Paymentology, a global card issuer-processor serving banks and fintechs across African markets, raised $175 million co-led by Apis Partners and…
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…