Afreximbank’s Profit Rose 30% in a Rough Year for Its Members
Afreximbank half-year results show net income of US$534.7 million, up 30%, with loans at US$35.4 billion and the bad-loan ratio...
August 26, 2026Topic
Africa markets
Ghana’s Cedi Rallied 7% in a Week. Street Rates Barely Moved
The Ghana cedi gained about 7 percent against the dollar in a week on the interbank market. The rate people...
August 20, 2026
Only a Fifth of Absa Kenya Shareholders Took the US$239m Offer
Absa Bank Kenya minority holders took up barely a fifth of a US$239 million tender offer. The parent had wanted...
August 20, 2026
NNPC Profit Falls 35% to About US$1.7 Billion in First Half
NNPC profit fell 35.4% to N2.28 trillion, about US$1.7 billion, in the first half of 2026, with Federation Account remittances...
August 4, 2026
Angola Oil Revenue Hits US$8.91B as China Buys over Half
Angola oil revenue reached US$8.91 billion in the second quarter of 2026, up 54.71% year on year, with China taking...
August 1, 2026
Gabon Eurobond Raises US$920 Million Despite Junk Credit Rating
Gabon Eurobond raised US$920 million, overshooting its target by 22.7% with a 9.375% coupon. The seven-year note matures in 2033...
August 1, 2026
Ethiopia Gold: Amhara Region Ships First 357 Kg to Central Bank
Amhara region delivers 357 kg of gold to Ethiopia's central bank in a historic first shipment, as the PM claims...
August 1, 2026
South Africa’s Central Bank Turns Dovish, Sending the Rand Toward 17 per Dollar
South Africa Reserve Bank’s dovish rand shock sends the currency sliding toward 17 per dollar as inflation hits 5.0% and...
July 28, 2026
Gulf Conflict Risk Threatens $100 Billion in Africa Investment and Remittances
Middle East conflict puts over US$100 billion in Gulf FDI and vital remittances to Comoros, Gambia, Lesotho, and Liberia at...
July 15, 2026