Finance
African finance news: capital markets, FDI flows, sovereign debt, private equity deals, currency movements, and banking sector developments across the continent.
World Bank: Africa investment still 20% below peak
The World Bank's April 2026 Africa Economic Update finds that public capital investment across Sub-Saharan Africa remains 20% below its…
UBA profit halves as FX windfall evaporates
UBA posted N404.7 billion profit in FY2025, down 47% from 2024, as FX trading swung from a N182 billion gain…
Co-op Bank Kenya restructures for regional push
Co-operative Bank of Kenya announced on April 21 it will restructure into a non-operating holding company renamed Co-opbank Group PLC,…
Capitec crosses $1bn profit with 26 million clients
Capitec Bank posted R16.8 billion ($1.02 billion) in headline earnings for FY2026, crossing the billion-dollar profit mark for the first…
