African Export-Import Bank (Afreximbank) Profit Rises 30% To $534.7 Million in First Half Of 2026.
African Export-Import Bank reported a 30% rise in net income to $534.7 million for the first half of 2026, the…
Africa Finance Corporation Launches Nigeria Climate Infrastructure Fund to Tap Domestic Capital.
AFC Capital Partners (ACP), the asset management arm of Africa Finance Corporation (AFC), said on Monday it has launched the…
Fitch Revises Tanzania Outlook to Positive, Affirms B+ Rating.
Fitch Ratings revised Tanzania’s sovereign credit outlook to Positive from Stable on Friday, citing stronger foreign-exchange reserves, manageable fiscal deficits…
EU-Tanzania Trade Tops $2 Billion as Bloc Expands Private Sector Support.
EU-Tanzania trade reached 1.95 billion euros ($2.1 billion) in 2024, the European Union said, as the bloc pledged continued grant…
Financial Discipline Key to More SACCO Funding, Uganda Tells Skilling Hub Graduates.
Uganda’s State House has warned graduates of a government-run vocational training programme against misusing start-up loans issued through their local…
Founder Of Collapsed Chinese Property Giant Evergrande Sentenced to Life in Prison.
Hui Ka Yan, founder of collapsed Chinese property developer Evergrande, was sentenced to life in prison on Thursday after pleading…
South Africa’s Absa Group Raises Kenya Stake To 72% After Tender Offer Falls Short of Target.
South Africa’s Absa Group said this week it had raised its stake in Absa Bank Kenya to roughly 72%, after…
Tanzania Opens Government Securities Market to All Foreign Investors.
Tanzania Opens Government Securities Market to All Foreign Investors. Tanzania’s central bank said it has scrapped foreign exchange restrictions that…
Zimbabwe’s VFEX Changes Market Capitalisation Formula for Cross-Listed Firms.
The Victoria Falls Stock Exchange (VFEX) has changed how it calculates market capitalisation for companies with dual listings, a move…
Fintech Afriex Signs Banking Partnership with Global Innovations Bank to Speed Cross-Border Payments.
Cross-border payments company Afriex has entered a sponsor and settlement banking agreement with Global Innovations Bank (GIB), the companies said…