Finance

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

shallow focus photography of Taxi signage
AfricaBusiness

Cape Town taxis go cashless from June 1

By
Africaspoint Editorial

Cape Town's Codeta taxi association launches a cashless payment system from June 1, replacing cash fares with prepaid cards and…

AfricaBusiness

Otedola gains $36.5m in a day on First HoldCo surge

By
Africaspoint Editorial

Femi Otedola made $36.5 million in paper gains in a single trading day as First HoldCo surged 10% on the…

body of water near green trees during night time
AfricaFinance

Kenya GDP grew 4.6% in 2025 on green energy and construction

By
Africaspoint Editorial

Kenya's real GDP grew 4.6% in 2025 as construction rebounded 6.8%, mining surged 14.9%, accommodation and food services grew 15.6%,…

AfricaFinance

Rawbank posts $232m profit as DRC eyes investment banking

By
Africaspoint Editorial

Rawbank, the DRC's largest commercial bank, posted $232 million in profit and announced a regional investment banking push, positioning itself…

Lagos rail reaches for its airport

Nigeria's Aviation Minister Festus Keyamo announced plans at the Invest Lagos 3.0 forum on June…

AethexAI voice AI Africa $3 million 4DX Ventures Kora pre-seed 2026AI

TikTok’s AI purges 4m Nigerian videos

TikTok removed more than 4 million videos in Nigeria in Q4 2025, with 99.9% proactively…

Ethiopian Airlines global competitor US Ambassador Boeing GE Africa 2026Kenya

Kenya Airways pursues $2bn turnaround investor

Kenya's government is seeking a strategic investor willing to commit $1.2-2 billion to Kenya Airways…

Africa clean energy solar power investment boom 2026Eskom Green renewable energy mining manufacturing 32GW 2040 South Africa 2026

Eskom creates Green arm for renewable future

Eskom launched Eskom Green on June 10, a new separate renewable energy platform targeting mining…

Brent crude oil weekly loss Iran ceasefire 2026Hormuz

Brent drops 6% on ceasefire hopes after Iran clashes

Africa mobile money credit scoring device financeFlutterwave

Somalia’s Hormuud finances 100,000 smartphones for poor

Africa agricultural finance capital markets securitisationEast Africa banking consolidation 2026

Kenya’s first private agri-securitisation at $2.1m

South Africa fiscal reform debt stabilisation Moody's rating macroeconomic Johannesburg
EnergyEnoch Godongwana Treasury fiscal policy

Moody’s backs South Africa as debt peaks in 2025

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