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…

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…