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…

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…