Finance

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

AfricaBusiness

Pick n Pay sells its crown jewel

By
Africaspoint Editorial

Pick n Pay raised R4.7 billion ($282 million) by selling a further 12.5% stake in Boxer Retail through an accelerated…

Gold mine South Africa mining operations open pit aerial industrial
AfricaBusiness

AngloGold is now Africa’s biggest company

By
Africaspoint Editorial

AngloGold Ashanti has overtaken Naspers as Africa's most valuable listed company after its market capitalisation crossed $50 billion, driven by…

AfricaFinance

SA wins first IFC rand loan

By
Africaspoint Editorial

The IFC and Citi have signed a R1.6 billion ($98 million) rand borrowing facility that gives the World Bank's private-sector…

South Africa Cape Town infrastructure investment cityscape urban development
AfricaFinance

BlackRock’s $28bn South Africa bet grows

By
Africaspoint Editorial

BlackRock's Global Infrastructure Partners chairman Adebayo Ogunlesi disclosed at a Cape Town summit that BlackRock manages $28 billion in South…

Endeavour Mining gold West Africa $880m EBITDA Assafou Burkina Faso Cote Ivoire 2026Kenya Airways $2 billion turnaround investor debt equity KQ Kamal 2026

Endeavour Mining posts record $880m EBITDA

Endeavour Mining, West Africa's largest gold producer, reported record adjusted EBITDA of $880 million for…

Africa GDP 4.2 percent growth fastest economies 2025 2026Africa sovereign wealth funds $164 billion mining minerals EIH FONSIS Guinea Simandou 2026

Africa’s $164bn wealth funds eye mining

Africa's sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed…

Africa GDP 4.2 percent growth fastest economies 2025 2026Ethiopia Addis Ababa Entoto Kebena riverside Beautifying Sheger Abiy urban 2026

Abiy unveils Addis Ababa’s riverside makeover

Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…

HormuzSouth Africa immigration xenophobia Ramaphosa March deportation crackdown 2026

EU’s steel tariff hits South Africa

The EU's new steel import framework took effect July 1, imposing annual quotas with a…

Aliko DangoteDangote Group

Dangote locks NNPC out of refinery

South Africa Moody's credit rating debt fiscal economy Johannesburg reform 2026
EnergyEnoch Godongwana Treasury fiscal policy

South Africa’s debt has peaked: Moody’s confirms the turn

Africa fastest growing economies 2026 IMFBanking

Ghana hits 7.7% growth, fastest since debt crisis ended

Aliko Dangote Africa wealthiest 2026Dangote

Dangote targets $50bn valuation in Africa’s biggest IPO

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