Finance

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

Kenya family conglomerate corporate debt stress DL Group tea holdings business restructuring
AfricaBusiness

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

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Africaspoint Editorial

Kenya's DL Group has denied reports of a tea asset sale but Billionaires.Africa's analysis reveals multiple live debt actions across…

shallow focus photography of Taxi signage
AfricaBusiness

Cape Town taxis go cashless from June 1

By
Africaspoint Editorial

Cape Town's Codeta taxi association launches a cashless payment system from June 1, replacing cash fares with prepaid cards and…

AfricaBusiness

Otedola gains $36.5m in a day on First HoldCo surge

By
Africaspoint Editorial

Femi Otedola made $36.5 million in paper gains in a single trading day as First HoldCo surged 10% on the…

body of water near green trees during night time
AfricaFinance

Kenya GDP grew 4.6% in 2025 on green energy and construction

By
Africaspoint Editorial

Kenya's real GDP grew 4.6% in 2025 as construction rebounded 6.8%, mining surged 14.9%, accommodation and food services grew 15.6%,…

Africa fintech unicorn public listing 2026Africa startup funding Q1 2026

Airtel Africa profit triples to $813m as data beats voice

Airtel Africa reported FY2026 profit after tax of $813 million, up 147%, on revenue of…

Africa fintech unicorn public listing 2026Africa telecom infrastructure consolidation

Safaricom FY2026: record KSh80bn dividend, profit up 67%

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

Enoch Godongwana Treasury fiscal policySouth Africa energy transition load shedding end

South Africa unemployment hits 32.7% as 345,000 jobs lost

South Africa's unemployment rate rose to 32.7% in Q1 2026 from 31.4% in Q4 2025…

Dangote Mombasa refinery Kenya East Africa 2026Dangote Refinery IPO 2026

Dangote picks Mombasa for $17bn East Africa refinery

Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…

Africa mobile money credit scoring device financeFlutterwave

Somalia’s Hormuud finances 100,000 smartphones for poor

Africa agricultural finance capital markets securitisationAfrica startup funding Q1 2026

Kenya’s first private agri-securitisation at $2.1m

South Africa fiscal reform debt stabilisation Moody's rating macroeconomic Johannesburg
Enoch Godongwana Treasury fiscal policySARB interest rates monetary policy 2026

Moody’s backs South Africa as debt peaks in 2025

Africa diaspora remittance fintech LondonAfrica fintech unicorn public listing 2026

LemFi commits £100m to go global from London

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