Finance
African finance news: capital markets, FDI flows, sovereign debt, private equity deals, currency movements, and banking sector developments across the continent.
Hormuz blockade sends crude past $100 again
The US Navy blockade of the Strait of Hormuz sent Brent crude above $102 on Monday after US-Iran talks collapsed.…
Dangote refinery eyes $5bn IPO, Africa’s biggest ever
Dangote Petroleum Refinery is preparing Africa's largest-ever IPO, targeting up to $5bn from a 5-10% stake sale at a $40-50bn…
Zenith Bank enters East Africa via Kenya acquisition
Nigeria's Zenith Bank completed the acquisition of Paramount Bank Kenya on April 7, becoming the fourth Nigerian lender in Kenya…
South Africa manufacturing contracts for fourth straight month
South Africa's manufacturing output fell 2.8% year-on-year in February 2026, the fourth consecutive monthly contraction and worst since April 2025,…
