Finance

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

Business jet aircraft luxury aviation private modern terminal ultra long range fleet
AfricaBusiness

Rabiu buys $81m jet, nears $20bn

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Africaspoint Editorial

BUA Group Chairman Abdulsamad Rabiu has taken delivery of an $81 million Bombardier Global 8000, becoming the first African to…

AfricaBusiness

Airtel Zambia joins the $1bn club

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Africaspoint Editorial

Airtel Networks Zambia Plc crossed US$1 billion in market capitalisation on the Lusaka Securities Exchange on June 8, 2026, becoming…

Tanzania East Africa landscape savanna plains blue sky economy development natural
AfricaBusiness

Tanzania self-funds its $24bn budget

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Africaspoint Editorial

Tanzania's Finance Minister Khamis Mussa presented the Tsh62.33 trillion ($24 billion) 2026/27 budget on June 11, targeting 75% domestic funding,…

Nigeria central bank finance banking institution Abuja modern architecture economy
AfricaBusiness

Cardoso wins Central Bank of the Year

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Africaspoint Editorial

Nigeria's Central Bank was named Central Bank of the Year 2026 at the Central Banking Awards in London on June…

Angola GDP growth 5.3 percent non-oil diversification Q1 2026Dangote Refinery IPO

US-Iran truce sends oil crashing

A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent…

Africa startup funding May 2026 $259 million Bima NALA LemFi fintech reboundAI

MTN’s MoMo is going super app

MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to…

Africa GDP 4.2 percent growth fastest economies 2025 2026Uganda Airlines Boeing 10 aircraft fleet expansion Museveni 2026

AfDB backs Arua airport in Uganda

The African Development Bank has approved $180 million to upgrade Uganda's Arua Airport into an…

South Africa immigration xenophobia Ramaphosa March deportation crackdown 2026South Africa Infrastructure

South Africa braces for June 30

South Africa's police service has activated joint operations in all nine provinces at a projected…

Zimbabwe gold mine open pit mining operations extraction Africa mineral resources
Africa sovereign wealth funds $164 billion minerals mining 2026Zimbabwe

Zimbabwe’s gold miner doubles output target

Africa GDP 4.2 percent growth fastest economies 2025 2026Ethiopia IMF ECF fifth review $468 million reform 2026

Rwanda’s Rwf7.8tn budget hits parliament

Africa Nigeria capital market investment finance stock exchange IPO industrial growth
Dangote refinery 700000 barrels day capacity expansion 1.4 million 2026Dangote Refinery IPO

Standard Bank backs Dangote refinery IPO

Ethiopian Airlines global competitor US Ambassador Boeing GE Africa 2026Kenya

Kenya Airways pursues $2bn turnaround investor

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