Finance

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

AfricaBusiness

Rwanda’s Rwf7.8tn budget hits parliament

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Africaspoint Editorial

Rwanda Finance Minister Yusuf Murangwa presented the Rwf7.8 trillion ($990 million) national budget to Parliament on June 11, a 12%…

Africa Nigeria capital market investment finance stock exchange IPO industrial growth
AfricaBusiness

Standard Bank backs Dangote refinery IPO

By
Africaspoint Editorial

Standard Bank Group CEO Sim Tshabalala visited the Dangote Petroleum Refinery in Lagos on June 10 and pledged that Standard…

AfricaBusiness

Kenya Airways pursues $2bn turnaround investor

By
Africaspoint Editorial

Kenya's government is seeking a strategic investor willing to commit $1.2-2 billion to Kenya Airways through an international tender, alongside…

A bustling city street with modern skyscrapers and vehicles at sunset, Gautrain Hotel visible.
AfricaBusiness

South Africa’s six-quarter growth run continues

By
Africaspoint Editorial

South Africa's GDP grew 0.5% quarter on quarter in Q1 2026, beating the 0.2% consensus forecast and extending the growth…

Endeavour Mining gold West Africa $880m EBITDA Assafou Burkina Faso Cote Ivoire 2026Kenya Airways $2 billion turnaround investor debt equity KQ Kamal 2026

Endeavour Mining posts record $880m EBITDA

Endeavour Mining, West Africa's largest gold producer, reported record adjusted EBITDA of $880 million for…

Africa GDP 4.2 percent growth fastest economies 2025 2026Africa sovereign wealth funds $164 billion mining minerals EIH FONSIS Guinea Simandou 2026

Africa’s $164bn wealth funds eye mining

Africa's sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed…

Africa GDP 4.2 percent growth fastest economies 2025 2026Ethiopia Addis Ababa Entoto Kebena riverside Beautifying Sheger Abiy urban 2026

Abiy unveils Addis Ababa’s riverside makeover

Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…

HormuzSouth Africa immigration xenophobia Ramaphosa March deportation crackdown 2026

EU’s steel tariff hits South Africa

The EU's new steel import framework took effect July 1, imposing annual quotas with a…

Nigeria crude oil export tanker ship trade surplus commerce Atlantic petroleum
Dangote refinery 700000 barrels day capacity expansion 1.4 million 2026Dangote Refinery IPO

Nigeria’s trade surplus triples to N7.55tn

red and black metal tower during sunset

Heirs Energies wins global oil deal prize

South Africa finance credit rating economy bonds investment JSE market recovery
Africa clean energy solar power investment boom 2026Africa gold mining JSE market cap 2026

Fitch rewards South Africa’s fiscal discipline

Ghana's independence square with flags and a clear sky.
Ghana AgriConnect World Bank IFAD IFC 2.6 million jobs agriculture 2026Ghana FDI $2.61 billion GIPC 2025 investment China petroleum

Ghana’s FDI quadruples to $2.61bn

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