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Finance
Top stories
Ethiopia’s government expects its total spending to rise sharply in the next fiscal year, with the Iran war identified as the primary reason for the increase.
South Africa imports nearly all of its fuel. When oil prices rise, the rand takes the first hit. With Brent crude still elevated, the pressure on the currency may be far from over.
Nigeria’s latest GDP figures tell a dual story of growth and a worsening cost of living crisis. While economic output is rising, the living conditions of the average citizen have yet to improve, according to the latest data.
Nigeria’s revenue collection has tripled in nearly three years. The nation’s reserves hit a 13-year high this June. Yet two in three Nigerians live in extreme poverty. The same forces building government wealth seem to be keeping household poor
French pay-TV group Canal+ began trading on the Johannesburg Stock Exchange on Wednesday, becoming the first French company ever to list on South Africa’s bourse.
The World Bank’s private investment arm, International Finance Corporation (IFC), is considering backing a new $500 million pan-African growth equity fund managed by a Rwandan-headquartered firm.
Ghana’s annual inflation rate rose for the second straight month in May, as rising energy costs linked to the Iran war added fresh pressure on prices in an economy that had been on a strong recovery path.
West African country, Ghana, recorded nearly $8 billion in foreign remittances last year, its Finance Minister announced on Sunday in London.
Zimbabwe’s government has assumed responsibility for more than $10 million in legacy foreign liabilities owed by NMBZ Holdings, a major financial service in the country, to two international development finance institutions.
While global financial centres contend with subdued growth and elevated interest rates, Africa’s capital markets have entered 2026 with notable momentum.
Ethiopia is set to transform its insurance industry with a new draft law allowing foreign insurers to enter the market for the first time in decades.
South Africa’s National Treasury is proposing significant reforms to its exchange control regulations, moving from a rigid system to a modern, risk-based framework aimed at attracting foreign investment and preventing capital flight.
The measures, outlined in a government directive, target what authorities describe as “luxuries and unnecessary” goods, including food items, consumer products and industrial inputs.
At the core of the overhaul is a structural reset—enabling onshore foreign-currency funds and integrating crypto assets into South Africa’s formal exchange control system.
The inflows—expected from the African Development Bank and a yen-denominated Samurai loan arranged last year—are part of a broader financing pipeline linked to reform milestones, climate frameworks and multilateral support.
Awash Bank, Ethiopia’s largest private lender, made a significant entrance on the Ethiopian Securities Exchange by listing nearly 38 million shares on April 23, 2026.
Nigerian President Bola Tinubu has sought Senate approval for a $516.3 million foreign loan to develop the Sokoto-Badagry Superhighway, aimed at enhancing trade between Nigeria’s agrarian north and Lagos.
The Lagos-based institution is targeting financial close by the fourth quarter of 2027, with construction expected to begin immediately after funding is secured and completion slated for 2030.
As leaders gather for the Africa We Build Summit in April 2026, the Africa Finance Corporation warns that Africa’s infrastructure crisis stems not from a lack of funding, but from execution failures.
On March 31st 2026, Nigeria announced it would borrow $5 billion from First Abu Dhabi Bank through a financial instrument most people have never heard of: a total return swap.
