Finance
African finance news: capital markets, FDI flows, sovereign debt, private equity deals, currency movements, and banking sector developments across the continent.
South Africa’s fiscal turnaround gathers pace
South Africa's National Treasury reported a primary budget surplus of R86.7 billion (1.1% of GDP) for 2025/26, exceeding the 0.9%…
US-Iran truce sends oil crashing
A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent crude crashing from a peak…
MTN’s MoMo is going super app
MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to transform its MoMo mobile money…
Ghana’s 1,400bps rate cut leads Africa
Ghana's Bank of Ghana cut its benchmark rate by a cumulative 1,400 basis points from 28% in January 2025 to…
