Finance
African finance news: capital markets, FDI flows, sovereign debt, private equity deals, currency movements, and banking sector developments across the continent.
IMF cuts Africa growth to 4.3% as war hits imports
The IMF has cut Sub-Saharan Africa's 2026 growth forecast to 4.3%, warning that the Hormuz conflict and collapsing official development…
Kenya and Rwanda sign fintech passporting deal
Kenya and Rwanda signed the Kigali Declaration on Fintech Licence Passporting in March, allowing payment service providers to expand between…
Nedbank wins clearance for $856m NCBA Kenya deal
South Africa's Nedbank has secured Kenya's Capital Markets Authority exemption to proceed with its $856 million acquisition of 66% of…
African banks cross $107bn revenue for first time
African banks crossed $107 billion in revenues in 2025 for the first time, with a 19% return on equity nearly…
