Finance

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

Nairobi Kenya bank finance building skyscraper modern city tower
AfricaBusiness

Absa Kenya smashes Q1 profit record

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Africaspoint Editorial

Absa Bank Kenya posted Q1 2026 profit after tax of KSh 5.3 billion ($41 million), with a 20.3% return on…

Senegal West Africa economy bond sovereign finance urban coastal city
AfricaFinance

Markets price Senegal for debt restructuring

By
Africaspoint Editorial

JPMorgan's May 26 research note revealed that Senegal's 2033 Eurobonds are pricing in a restructuring scenario with a 15% haircut,…

Explore the modern cityscape of Addis Ababa featuring towering skyscrapers and vibrant architecture.
AfricaFinance

Brazzaville gives AfDB’s NAFAD a mandate

By
Africaspoint Editorial

The AfDB's 61st Annual Meetings closed in Brazzaville on May 29 with governors formally endorsing the New African Financial Architecture…

Nairobi Kenya finance banking office tower city business district
AfricaBusiness

Standard Chartered Kenya profit falls 26%

By
Africaspoint Editorial

Standard Chartered Bank Kenya posted Q1 2026 profit after tax of KSh 3.58 billion, down 26.3% year on year, as…

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…

Ethiopia telecommunications mobile technology digital network infrastructure Africa
Africa GDP 4.2 percent growth fastest economies 2025 2026Ethio Telecom ESX Ethiopian Securities Exchange TELE IPO 2026

Ethio Telecom hits Ethiopia’s stock exchange

Stunning aerial view of the Addis Ababa skyline featuring a prominent skyscraper.
Africa GDP 4.2 percent growth fastest economies 2025 2026Ethiopia

Ethiopia’s Eurobond talks collapse, bondholders sue

A large building of the central bank of nigeria.
Africa GDP $3.6 trillion five countries Nigeria South Africa Egypt Ethiopia 2026Africa GDP 4.2 percent growth fastest economies 2025 2026

Five nations split Africa’s $3.6 trillion

Oil rig in action during sunset, featuring heavy machinery and a lone worker on site.
Aliko DangoteDangote Group

Dangote exposes the oil mafia

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