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…

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…

Dangote picks Mombasa for $17bn East Africa refinery

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