Finance

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

AfricaBusiness

Equity Bank sweeps Kenya awards as Mwangi takes CEO prize

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Africaspoint Editorial

Equity Bank swept ten categories at Kenya's 2026 Think Business Banking Awards and CEO James Mwangi was named Overall CEO…

South Africa fuel petrol station pump price diesel record high Hormuz crisis
AfricaFinance

SA diesel hits R32 in historic fuel price shock

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Africaspoint Editorial

South Africa's diesel price surged R6.19 per litre from May 6, pushing both grades past R32 for the first time…

AfricaFinance

Hormuz ceasefire fractures as Brent hits $114

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Africaspoint Editorial

Brent crude surged 5.8% to $114.44 on May 4, its highest 2026 close, after Iran launched drones and missiles at…

AfricaBusiness

Flutterwave opens Africa payment rails to the world

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Africaspoint Editorial

Flutterwave and Yuno announced a partnership on April 28 that gives global merchants single-API access to African payment rails across…

Africa fintech unicorn public listing 2026Africa startup funding Q1 2026

Airtel Africa profit triples to $813m as data beats voice

Airtel Africa reported FY2026 profit after tax of $813 million, up 147%, on revenue of…

Africa fintech unicorn public listing 2026Africa telecom infrastructure consolidation

Safaricom FY2026: record KSh80bn dividend, profit up 67%

Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a…

Enoch Godongwana Treasury fiscal policySouth Africa energy transition load shedding end

South Africa unemployment hits 32.7% as 345,000 jobs lost

South Africa's unemployment rate rose to 32.7% in Q1 2026 from 31.4% in Q4 2025…

Dangote Mombasa refinery Kenya East Africa 2026Dangote Refinery IPO 2026

Dangote picks Mombasa for $17bn East Africa refinery

Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…

a large red sign on top of a building
SARB interest rates monetary policy 2026South Africa Absa PMI manufacturing 2026

SA manufacturing bounces to 52.6 but rally in doubt

Africa telecom infrastructure consolidationFlutterwave

MTN Nigeria Q1 profit surges 166% to N355bn

A view of a stadium from a distance
East Africa energy security oil refiningGold price Africa mining 2026

Trump’s Hormuz gambit keeps oil above $100

Gold price record high precious metals Africa mining inflation energy global markets
Africa commodity macro oil gold divergenceGhana GDP growth gold exports 2026

Gold at $4,550 splits Africa’s macro story in two

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