Finance

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

Zambia Bank of Zambia interest rate cut monetary policy copper economy kwacha 2026
AfricaFinance

Zambia cuts rates to two-year low

By
Africaspoint Editorial

The Bank of Zambia cut its Monetary Policy Rate by 25 basis points to 13.25% at its May 2026 meeting,…

Airtel Africa FY2026 data mobile money revenue profit record IPO telecom 2026
AfricaBusiness

Airtel Africa triples profit to $813m

By
Africaspoint Editorial

Airtel Africa reported FY2026 profit after tax of $813 million, up 147%, on revenue of $6.42 billion as data overtook…

Safaricom Kenya FY2026 record profit dividend M-Pesa Ethiopia telecom finance Nairobi
AfricaBusiness

Safaricom smashes records with KSh80bn dividend

By
Africaspoint Editorial

Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a record KSh80.13 billion dividend, the…

man in white dress shirt standing near white and black camera
AfricaFinance

South Africa sheds 345,000 jobs in Q1

By
Africaspoint Editorial

South Africa's unemployment rate rose to 32.7% in Q1 2026 from 31.4% in Q4 2025 as 345,000 jobs were shed,…

Endeavour Mining gold West Africa $880m EBITDA Assafou Burkina Faso Cote Ivoire 2026Kenya Airways $2 billion turnaround investor debt equity KQ Kamal 2026

Endeavour Mining posts record $880m EBITDA

Endeavour Mining, West Africa's largest gold producer, reported record adjusted EBITDA of $880 million for…

Africa GDP 4.2 percent growth fastest economies 2025 2026Africa sovereign wealth funds $164 billion mining minerals EIH FONSIS Guinea Simandou 2026

Africa’s $164bn wealth funds eye mining

Africa's sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed…

Africa GDP 4.2 percent growth fastest economies 2025 2026Ethiopia Addis Ababa Entoto Kebena riverside Beautifying Sheger Abiy urban 2026

Abiy unveils Addis Ababa’s riverside makeover

Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…

HormuzSouth Africa immigration xenophobia Ramaphosa March deportation crackdown 2026

EU’s steel tariff hits South Africa

The EU's new steel import framework took effect July 1, imposing annual quotas with a…

a large truck with a large tank on the back
Africa fuel subsidies Hormuz fiscal cost 2026Hormuz

Tanzania steps in as Hormuz fuel shock hits East Africa

A very tall bridge over a large body of water
Africa DFI development finance institutionsFlutterwave

Nigeria threatens to halt delayed World Bank loans

Africa capital markets pan-African listingDangote

Dangote targets September for London cement listing

Kenya family conglomerate corporate debt stress DL Group tea holdings business restructuring
BankingKenya DL Group Langat tea conglomerate debt 2026

Kenya’s DL Group denies tea sale as debt pressure mounts

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