Finance

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

AfricaBusiness

AfDB and UNDP Bet $10 Billion on African AI

By
Africaspoint Editorial

The African Development Bank and UNDP have launched a $10 billion initiative to drive AI adoption across Africa by 2035,…

Diamond mine open pit aerial view
AfricaBotswana

Anglo American Takes $2.3 Billion Hit on De Beers as Sale Process Nears Completion

By
Africaspoint Editorial

Anglo American has booked a second consecutive multi-billion-dollar impairment on De Beers — $2.3 billion in 2025 after $2.9 billion…

AfricaEast Africa

Kenya Pitches KSh 5 Trillion National Infrastructure Fund to Global Investors

By
Africaspoint Editorial

President Ruto has called on development finance institutions, pension funds and private investors worldwide to back Kenya's KSh 5 trillion,…

AfricaBusiness

Emirates and Cellulant End Mobile Money Booking Barrier

By
Africaspoint Editorial

Emirates and Cellulant have launched a split payment solution in Kenya that lets travellers combine mobile money and cards to…

Africa gold mining JSE market cap 2026Airtel Zambia $1 billion market capitalisation LuSE Lusaka Securities Exchange 2026

Airtel Zambia joins the $1bn club

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

Ethiopia EV electric motorcycle Spiro Roam BasiGo Kenya 80 percent 2026Nala stablecoin Tanzania fintech $50m Liquidity MUFG 2026

Spiro bets on batteries, not motorcycles

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

Africa minerals railway DRC Zambia AngolaRwanda

Tanzania self-funds its $24bn budget

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

CBN Nigeria Central Bank Year award Cardoso reform FX inflation 2026Nigeria

Cardoso wins Central Bank of the Year

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

Morocco city skyline with modern buildings and traditional architecture
DiasporaInvestment

Morocco’s Yakeey raises $15 million to expand its property technology platform across North Africa

African tech entrepreneurs working on laptops in a modern office
AfricaEast Africa

African tech startup funding jumped 50% in 2025 as the funding winter finally thaws

Mozambique coastline LNG gas project economic recovery
AfricaClimate

Mozambique removed from FATF grey list as TotalEnergies LNG project resumes

Nigeria Lagos business financial district capital market
AfricaEconomic Growth

Nigeria’s exchange records its first ever commercial paper listing with Dangote Cement’s 119.87 billion naira issuance

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