Finance

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

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

African tech startups raised $4.1 billion in 2025, a 25% increase on the prior year and the strongest performance since…

Mozambique removed from FATF grey list as TotalEnergies LNG project resumes

Mozambique has been officially removed from the Financial Action Task Force's grey list and has seen the resumption of TotalEnergies'…

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

The Nigerian Exchange has recorded its first-ever commercial paper listing after Dangote Cement issued 119.87 billion naira in short-term debt…

African stock markets surge in 2026 as Ghana gains 34.6% and Tanzania leads the continent

African equity markets are posting extraordinary returns in early 2026. Tanzania is up 40.65% year-to-date, Ghana has surged 34.61%, and…

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…