Finance

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

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FinanceFemale lead

From Alexandra township to running Africa’s biggest bank

By
Africaspoint Editorial

Mary Vilakazi grew up in Alexandra township, sold sweets for pocket money, financed her education through scholarships and a PwC…

a view of a city with tall buildings in the background
BusinessEast Africa

All four SA banks are chasing Kenya

By
Africaspoint Editorial

All four of South Africa's biggest banks are targeting Kenya simultaneously. Nedbank is buying NCBA. Absa, Standard Bank and FirstRand…

A large industrial refinery with pipes and towers under a clear blue sky during the day.
AfricaBusiness

South Africa turns to Dangote for fuel

By
Africaspoint Editorial

South Africa has lost half its refining capacity and gets 75% of its fuel from the Middle East. With the…

two diamonds sitting on top of a pile of crushed glass
AfricaBotswana

Botswana’s $3.7bn reserve loss forces a rethink

By
Africaspoint Editorial

Botswana's foreign exchange reserves have collapsed from $7.5bn in 2017 to $3.2bn today. Diamond revenues are down 50%. GDP contracted…

Abdel Fattah el-SisiCairo monorail

Egypt opens Africa’s longest monorail line

President Sisi inaugurated the 56.5km East Nile Monorail on March 20, connecting Cairo Stadium in…

Africa Critical MineralsAfrica social licence mining

Ghana’s lithium problem isn’t geology. It’s people.

Ghana's Ewoyaa lithium project is set to produce 3.6 million tonnes of spodumene concentrate over…

Africa TourismKenya Tourism

Kenya tempts cruise tourists inland with 30% park discount

Kenya is offering cruise passengers a 30 percent group discount on park entry fees to…

East African CommunityEthiopian Airlines

Ruto breaks ground on Kenya’s western SGR

President Ruto broke ground on the Naivasha-Kisumu-Malaba SGR extension at Suswa on March 19, launching…

photography of excavators at mining area
Africa Critical MineralsBHP Group

BHP’s $246bn warning to South Africa

Africaspoint SARS raids own employees in customs bribery probe

SARS raids own employees in customs bribery probe

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East Africa startup ecosystemEast African Community

Tanzania’s $15bn FDI gap is a readiness problem

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East Africa PaymentsM-PESA

M-Pesa customers can now tap to pay

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