Finance

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

Zambia Bank of Zambia interest rate cut monetary policy copper economy kwacha 2026
AfricaFinance

Zambia cuts rates to two-year low

By
Africaspoint Editorial

The Bank of Zambia cut its Monetary Policy Rate by 25 basis points to 13.25% at its May 2026 meeting,…

Airtel Africa FY2026 data mobile money revenue profit record IPO telecom 2026
AfricaBusiness

Airtel Africa triples profit to $813m

By
Africaspoint Editorial

Airtel Africa reported FY2026 profit after tax of $813 million, up 147%, on revenue of $6.42 billion as data overtook…

Safaricom Kenya FY2026 record profit dividend M-Pesa Ethiopia telecom finance Nairobi
AfricaBusiness

Safaricom smashes records with KSh80bn dividend

By
Africaspoint Editorial

Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a record KSh80.13 billion dividend, the…

man in white dress shirt standing near white and black camera
AfricaFinance

South Africa sheds 345,000 jobs in Q1

By
Africaspoint Editorial

South Africa's unemployment rate rose to 32.7% in Q1 2026 from 31.4% in Q4 2025 as 345,000 jobs were shed,…

Africa Finance Corporation AFC $2 billion record syndicated loan infrastructure 2026Africa GDP 4.2 percent growth fastest economies 2025 2026

AFC closes record $2bn syndicated loan

Africa Finance Corporation raised a record $2 billion syndicated loan on June 4, upsized from…

Africa clean energy solar power investment boom 2026Cape Town Salt River Market affordable housing Communicare 970 units 2026

Salt River Market transformed into 970 homes

Cape Town's Salt River Market site was formally handed to developer Communicare on June 8…

Admaius Capital Virunga II $500 million Africa private equity IFC 2026Africa GDP 4.2 percent growth fastest economies 2025 2026

Rwanda locks in $250m IMF credit facility

The IMF Executive Board approved Rwanda's $250 million, 38-month Extended Credit Facility on June 9,…

Dangote refinery 700000 barrels day capacity expansion 1.4 million 2026Dangote Refinery IPO

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…

A very tall bridge over a large body of water
Africa DFI development finance institutionsFlutterwave

Nigeria threatens to halt delayed World Bank loans

Africa capital markets pan-African listingDangote

Dangote targets September for London cement listing

Kenya family conglomerate corporate debt stress DL Group tea holdings business restructuring
BankingKenya DL Group Langat tea conglomerate debt 2026

Kenya’s DL Group denies tea sale as debt pressure mounts

shallow focus photography of Taxi signage
Africa mobile money credit scoring device financeFintech

Cape Town taxis go cashless from June 1

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