Finance

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

AfricaBusiness

MTN and Airtel pocket $2.3bn from Africa data boom

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Africaspoint Editorial

MTN Nigeria and Airtel Africa generated a combined N3.6 trillion ($2.3 billion) from data services in 2025, as Africa's mobile…

AfricaBusiness

Zenith and GTCO earn $183m from digital fees

By
Africaspoint Editorial

Nigeria's two largest banks by market cap, Zenith Bank and GTCO, collectively earned N283 billion ($183 million) from account maintenance…

AfricaFinance

FTSE upgrade sparks N1.36trn NGX windfall

By
Africaspoint Editorial

FTSE Russell's index upgrade of Nigeria triggered a N1.36 trillion gain in Nigerian Exchange market capitalisation within 72 hours, the…

AfricaFinance

Kenya sells 30-year bond for first time in 19 months

By
Africaspoint Editorial

Kenya's CBK is auctioning a new 30-year Treasury bond on April 15 at 12.50% coupon, the first fresh long-tenor issuance…

Lagos rail reaches for its airport

Nigeria's Aviation Minister Festus Keyamo announced plans at the Invest Lagos 3.0 forum on June…

AethexAI voice AI Africa $3 million 4DX Ventures Kora pre-seed 2026AI

TikTok’s AI purges 4m Nigerian videos

TikTok removed more than 4 million videos in Nigeria in Q4 2025, with 99.9% proactively…

Ethiopian Airlines global competitor US Ambassador Boeing GE Africa 2026Kenya

Kenya Airways pursues $2bn turnaround investor

Kenya's government is seeking a strategic investor willing to commit $1.2-2 billion to Kenya Airways…

Africa clean energy solar power investment boom 2026Eskom Green renewable energy mining manufacturing 32GW 2040 South Africa 2026

Eskom creates Green arm for renewable future

Eskom launched Eskom Green on June 10, a new separate renewable energy platform targeting mining…

Dangote Refinery IPODRC cobalt exports

Dangote refinery eyes $5bn IPO, Africa’s biggest ever

John Dramani MahamaKenya investment case

Zenith Bank enters East Africa via Kenya acquisition

a city with mountains in the background
South Africa bankingSouth Africa manufacturing output

South Africa manufacturing contracts for fourth straight month

Ghana's independence square with flags and a clear sky.
Africa startup funding 2026Ci-Gaba Fund Ghana

Ghana fund hits $35m close to back West Africa SMEs

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