Finance
African finance news: capital markets, FDI flows, sovereign debt, private equity deals, currency movements, and banking sector developments across the continent.
Ghana’s cedi posts best Q1 in six years
Ghana's cedi posted its best Q1 performance in six years in 2026, falling only 4.4% as inflation hit 3.2%, GDP…
AVCA Nairobi: local capital rises as exits hit record
The 22nd Annual AVCA Conference concluded in Nairobi on April 30 with over 800 investors, record 2025 venture exits, 30%…
OPay hits $3.1bn as Opera flags 85% IPO probability
Opera's FY2025 SEC filing values OPay at $3.1 billion and assigns an 85% probability of an IPO within two years.…
China opens zero-tariff trade to all 53 African nations
China is extending zero-tariff treatment to all 53 African nations with which it has diplomatic relations from May 1, 2026,…
Newsletter
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…
Safaricom FY2026: record KSh80bn dividend, profit up 67%
Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a…
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 picks Mombasa for $17bn East Africa refinery
Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…