Finance
African finance news: capital markets, FDI flows, sovereign debt, private equity deals, currency movements, and banking sector developments across the continent.
Nigeria’s VAT Revenue Jumps 28% Year-on-Year to N2.28 Trillion in Q3 2025
Nigeria collected N2.28 trillion in Value Added Tax in the third quarter of 2025, a 28.10% jump from the same…
Afreximbank Commits $5bn to the Caribbean, Bringing Africa’s Biggest Bank to a New Hemisphere
Afreximbank has raised its Caribbean financing ceiling from $3 billion to $5 billion, targeting full deployment within four years across…
Safaricom’s Ziidi Puts the Nairobi Stock Exchange in Every Kenyan’s Pocket
Safaricom's Ziidi investment platform has grown from a KES 1.3 billion money market fund at launch to KES 15.1 billion…
Nigeria’s Net FX Reserves Jump 772% in Two Years
CBN Governor Olayemi Cardoso disclosed that Nigeria's net foreign exchange reserves surged 772% from $3.99 billion at end-2023 to $34.80…
