Finance
African finance news: capital markets, FDI flows, sovereign debt, private equity deals, currency movements, and banking sector developments across the continent.
Rawbank posts $232m profit as DRC eyes investment banking
Rawbank, the DRC's largest commercial bank, posted $232 million in profit and announced a regional investment banking push, positioning itself…
Dangote revives London listing for $13bn cement giant
Aliko Dangote has revived plans for a London listing of Dangote Cement, the $13 billion pan-African industrial giant, timing it…
Brent drops 6% on ceasefire hopes after Iran clashes
Brent crude fell roughly 6% over the week to settle near $101 per barrel on Friday as Trump insisted the…
Somalia’s Hormuud finances 100,000 smartphones for poor
Somalia's Hormuud Telecom is financing 100,000 smartphones for low-income subscribers through deposit and instalment payments via its EVC Plus mobile…
Newsletter
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…
Safaricom FY2026: record KSh80bn dividend, profit up 67%
Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a…
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 picks Mombasa for $17bn East Africa refinery
Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…