Finance

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

Ghana’s FDI quadruples to $2.61bn

Ghana attracted $2.61 billion in FDI in 2025, more than four times the $652 million in 2024, according to provisional…

Ethiopia clears IMF review, unlocks $468m

The IMF reached a staff-level agreement on Ethiopia's fifth ECF review on June 3, paving the way for a $468…

African-owned PE raises the $500m bar

Admaius Capital Partners, the Kigali-headquartered African-owned PE firm, has launched Virunga Africa Fund II targeting $500 million, doubling Fund I's…

Angola’s economy breaks free of oil

Angola's economy expanded 5.3% year on year in Q1 2026, its strongest quarterly performance since Q2 2024. The non-oil sector…

US-Iran truce sends oil crashing

A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent…

MTN’s MoMo is going super app

MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to…

AfDB backs Arua airport in Uganda

The African Development Bank has approved $180 million to upgrade Uganda's Arua Airport into an…

South Africa braces for June 30

South Africa's police service has activated joint operations in all nine provinces at a projected…