Finance
African finance news: capital markets, FDI flows, sovereign debt, private equity deals, currency movements, and banking sector developments across the continent.
Ghana pushes miners for 30% gold
Ghana's central bank is pushing large-scale gold miners to sell 30% of annual output to the state, up from 20%,…
AFC backs Africa tech funds with $100m
Africa Finance Corporation has approved a $100 million commitment to Africa-focused technology fund managers, targeting the continent's persistent institutional capital…
Dangote locks NNPC out of refinery
Aliko Dangote has blocked NNPC from acquiring additional equity in the $20 billion Lekki refinery, clearing the cap table ahead…
South Africa’s debt has peaked: Moody’s confirms the turn
Moody's confirmed South Africa's general government debt peaked at 86.8% of GDP in 2025 and will decline to 84.9% by…
Newsletter
Endeavour Mining posts record $880m EBITDA
Endeavour Mining, West Africa's largest gold producer, reported record adjusted EBITDA of $880 million for…
Africa’s $164bn wealth funds eye mining
Africa's sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed…
Abiy unveils Addis Ababa’s riverside makeover
Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…
EU’s steel tariff hits South Africa
The EU's new steel import framework took effect July 1, imposing annual quotas with a…