Finance

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

AfricaBusiness

MTN Nigeria Q1 profit surges 166% to N355bn

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Africaspoint Editorial

MTN Nigeria posted N355.5 billion profit after tax in Q1 2026, up 166%, on N1.498 trillion in revenue as data…

A view of a stadium from a distance
AfricaFinance

Trump’s Hormuz gambit keeps oil above $100

By
Africaspoint Editorial

Trump launched "Project Freedom" on May 4, deploying US Navy destroyers and 15,000 personnel to guide neutral ships out of…

Gold price record high precious metals Africa mining inflation energy global markets
AfricaFinance

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

By
Africaspoint Editorial

Gold is trading at $4,550 per ounce today as the Hormuz conflict sustains the safe-haven premium and the US Fed…

AfricaFinance

Kenya CBK ends 10-cut cycle as oil shock bites

By
Africaspoint Editorial

Kenya's CBK held rates at 8.75% on April 8, ending a record 10-consecutive-cut easing cycle as the Iran war pushed…

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…

Africa capital markets pan-African listingAfrica trade policy China Belt Road

China opens zero-tariff trade to all 53 African nations

Africa banking consolidation microfinance 2026Africa capital markets pan-African listing

Axian buys five Letshego banking units across Africa

Africa trade finance supply chain business agriculture manufacturing IFC
Africa DFI development finance institutionsAfrica trade finance gap SME suppliers

IFC and StanChart launch $300m Africa supply chain fund

South Africa fuel petrol pump price relief diesel levy Treasury
Enoch Godongwana Treasury fiscal policySARB interest rates monetary policy 2026

SA slashes diesel levy to zero in R17.2bn relief

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