Finance

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

Kenya Projects 5.3% Growth in 2026 Budget Plan

Treasury CS John Mbadi has tabled Kenya's 2026 Budget Policy Statement projecting 5.3% GDP growth, with inflation easing to 4.3%…

Africa Needs More Foreign Investment But the Wrong Kind Won’t Help

ISS modelling finds that raising Africa's FDI from 3% to 5.3% of GDP by 2043 would add $243.5 billion to…

South Africa Fuel Prices Rise 65 Cents in March

South Africa's petrol price rises 20 cents per litre and diesel 60 to 65 cents from 4 March, reversing two…

Ethiopia Claims 10.2% Growth Before June Vote

Prime Minister Abiy Ahmed told parliament Ethiopia is on course for 10.2% economic growth this fiscal year and that inflation…

Airtel Zambia joins the $1bn club

Airtel Networks Zambia Plc crossed US$1 billion in market capitalisation on the Lusaka Securities Exchange…

Spiro bets on batteries, not motorcycles

Spiro co-founder Gagan Gupta told TechCabal that batteries and energy infrastructure, not motorcycles, drive the…

Tanzania self-funds its $24bn budget

Tanzania's Finance Minister Khamis Mussa presented the Tsh62.33 trillion ($24 billion) 2026/27 budget on June…

Cardoso wins Central Bank of the Year

Nigeria's Central Bank was named Central Bank of the Year 2026 at the Central Banking…