Finance

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

Female leadFinance

From Alexandra township to running Africa’s biggest bank

By
Africaspoint Editorial

Mary Vilakazi grew up in Alexandra township, sold sweets for pocket money, financed her education through scholarships and a PwC…

a view of a city with tall buildings in the background
BusinessEast Africa

All four SA banks are chasing Kenya

By
Africaspoint Editorial

All four of South Africa's biggest banks are targeting Kenya simultaneously. Nedbank is buying NCBA. Absa, Standard Bank and FirstRand…

A large industrial refinery with pipes and towers under a clear blue sky during the day.
AfricaBusiness

South Africa turns to Dangote for fuel

By
Africaspoint Editorial

South Africa has lost half its refining capacity and gets 75% of its fuel from the Middle East. With the…

two diamonds sitting on top of a pile of crushed glass
AfricaBotswana

Botswana’s $3.7bn reserve loss forces a rethink

By
Africaspoint Editorial

Botswana's foreign exchange reserves have collapsed from $7.5bn in 2017 to $3.2bn today. Diamond revenues are down 50%. GDP contracted…

Rwanda’s Rwf7.8tn budget hits parliament

Rwanda Finance Minister Yusuf Murangwa presented the Rwf7.8 trillion ($990 million) national budget to Parliament…

Africa GDP 4.2 percent growth fastest economies 2025 2026Berbera port Somaliland DP World Ethiopia Horn of Africa trade gateway 2026

China embeds deeper in Africa’s ports

China holds stakes in roughly one-third of African ports, has invested $50 billion in port…

Dangote refinery 700000 barrels day capacity expansion 1.4 million 2026Dangote Refinery IPO

Standard Bank backs Dangote refinery IPO

Standard Bank Group CEO Sim Tshabalala visited the Dangote Petroleum Refinery in Lagos on June…

Ethiopian Airlines global competitor US Ambassador Boeing GE Africa 2026Kenya Airways $2 billion turnaround investor debt equity KQ Kamal 2026

Uganda Airlines orders 10 Boeing aircraft

Uganda Airlines signed a commitment with Boeing on June 10 to acquire 10 aircraft including…

SARS raids own employees in customs bribery probe

cars on road near high rise buildings during daytime
East Africa startup ecosystemEast African Community

Tanzania’s $15bn FDI gap is a readiness problem

East Africa PaymentsM-PESA

M-Pesa customers can now tap to pay

Africa content industryAfrica streaming market

Showmax dies April 1, content moves to DStv Stream

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