Finance

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

Africa central Congo DRC urban city development finance banking infrastructure
AfricaBusiness

Equity’s Congo goldmine: 58% profit surge

By
Africaspoint Editorial

Equity Group CEO James Mwangi confirmed plans to establish two insurance businesses in the DRC as Equity BCDC posted a…

South Africa pharmaceutical medicine pills capsules drug manufacturing industrial
AfricaBusiness

Aspen dumps Asia for R27bn windfall

By
Africaspoint Editorial

Aspen Pharmacare completed its R27 billion ($1.65 billion) sale of its Asia Pacific pharmaceutical business to Australian PE firm BGH…

AfricaBusiness

Mauritius bank plugs Africa’s $92bn trade hole

By
Africaspoint Editorial

Mauritius Commercial Bank announced a $1 billion trade finance facility on June 1, to be deployed over four years to…

Morocco Casablanca finance banking city modern architecture business North Africa
AfricaBusiness

Morocco reclaims BMCI from BNP Paribas

By
Africaspoint Editorial

Morocco's Holmarcom Finance Company signed an agreement on April 29 to acquire BNP Paribas's full 67% stake in BMCI, one…

Angola GDP growth 5.3 percent non-oil diversification Q1 2026Dangote Refinery IPO

US-Iran truce sends oil crashing

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

Africa startup funding May 2026 $259 million Bima NALA LemFi fintech reboundAI

MTN’s MoMo is going super app

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

Africa GDP 4.2 percent growth fastest economies 2025 2026Uganda Airlines Boeing 10 aircraft fleet expansion Museveni 2026

AfDB backs Arua airport in Uganda

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

South Africa immigration xenophobia Ramaphosa March deportation crackdown 2026South Africa Infrastructure

South Africa braces for June 30

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

Africa GDP $3.6 trillion five countries Nigeria South Africa Egypt Ethiopia 2026Africa sovereign wealth funds $164 billion minerals mining 2026

Africa’s $164bn sovereign funds eye minerals

Lagos Nigeria urban skyline city commercial business district economy
NigeriaNigeria Angola OPEC crude oil market share

Tinubu’s three-year reform scorecard is mixed

Nairobi Kenya bank finance building skyscraper modern city tower
Absa Bank Kenya Q1 2026 profit record KSh 5.3 billion resultsI&M Group Kenya bank profit record KSh 5 billion Q1 2026

Absa Kenya smashes Q1 profit record

Senegal West Africa economy bond sovereign finance urban coastal city
HormuzSenegal Faye Sonko government dismissed IMF fuel crisis 2026

Markets price Senegal for debt restructuring

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