Finance

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

View of Palácio Dona Ana Joaquina in Luanda, showcasing colonial architecture.
AfricaBusiness

Angola’s economy breaks free of oil

By
Africaspoint Editorial

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

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…

Endeavour Mining gold West Africa $880m EBITDA Assafou Burkina Faso Cote Ivoire 2026Kenya Airways $2 billion turnaround investor debt equity KQ Kamal 2026

Endeavour Mining posts record $880m EBITDA

Endeavour Mining, West Africa's largest gold producer, reported record adjusted EBITDA of $880 million for…

Africa GDP 4.2 percent growth fastest economies 2025 2026Africa sovereign wealth funds $164 billion mining minerals EIH FONSIS Guinea Simandou 2026

Africa’s $164bn wealth funds eye mining

Africa's sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed…

Africa GDP 4.2 percent growth fastest economies 2025 2026Ethiopia Addis Ababa Entoto Kebena riverside Beautifying Sheger Abiy urban 2026

Abiy unveils Addis Ababa’s riverside makeover

Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…

HormuzSouth Africa immigration xenophobia Ramaphosa March deportation crackdown 2026

EU’s steel tariff hits South Africa

The EU's new steel import framework took effect July 1, imposing annual quotas with a…

West Africa gold mine industrial operations extraction open pit mining
Endeavour Mining West Africa gold Assafou Lafigue Q1 2026 record EBITDAGhana GDP growth gold exports 2026

Endeavour Mining posts record $880m EBITDA

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

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